SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 24, 1995
LabOne, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-15975 48-0952323
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(State or other jurisdiction (Commission (I. R. S. Employer
of incorporation File Number) Identification No.)
10310 W. 84th Terrace, Lenexa, KS 66214
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 913-888-8397
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Item 5. Other Events
On October 24, 1995, LabOne, Inc. announced that Bert H. Hood has
resigned his position as Chairman, President and Chief Executive Officer
of the Company. Hood plans to pursue other business interests.
W. Thomas Grant, II, Chairman of the Board and Chief Executive Officer of
Seafield Capital Corporation, will fill the vacancies left by Hood.
LabOne is an 82 percent-owned subsidiary of Seafield.
Thomas J. Hespe, who recently joined LabOne as Executive Vice President of
Sales, will head the Company's Lab Card(TM) sales efforts. The Lab Card
Program provides outpatient laboratory services to self-funded employers and
insurance companies nationwide.
LabOne will release third quarter 1995 results in about a week. The Company
estimates that net earnings per share for the third quarter 1995 will be
approximately $0.02. Net earnings for the third quarter 1994 were also $0.02.
During the third quarter 1995, operating income was reduced by a previously
announced, one-time expense of $0.5 million, or $0.03 per share. During the
third quarter 1994, LabOne incurred a restructuring charge of $1.6 million,
or $0.08 per share.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
LabOne, Inc.
Date: October 26, 1995 By /s/ Gregg R. Sadler
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Gregg R. Sadler
Executive V.P. Administration,
and Secretary
Date: October 26, 1995 By /s/ Kurt E. Gruenbacher
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Kurt E. Gruenbacher
V.P. Finance and Chief
Accounting Officer
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