Document
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UNITED STATES
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): February 18, 2020 
Cerner Corporation
(Exact Name of Registrant as Specified in Its Charter)
Delaware
0-15386
43-1196944
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
2800 Rockcreek Parkway
 
 
64117
 
North Kansas City,
Missouri
 
 
 
(Address of Principal Executive Offices)
 
 
(Zip Code)
(816) 221-1024
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value per share
CERN
The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 18, 2020, Cerner Corporation ("Cerner" or the "Company") announced the appointment of Donald Trigg, the Company's current Executive Vice President, Strategic Growth, as the Company's President, and the appointment of John Peterzalek, the Company's current Executive Vice President and Chief Client Officer, to the expanded role of Executive Vice President and Chief Client and Services Officer, both appointments to be effective immediately.

Mr. Trigg, age 48, has served as Executive Vice President, Strategic Growth of the Company since 2019. In his new role as President, Mr. Trigg will lead the long-term vision of Cerner's product portfolio, key product lines, and performance and profitability, as well as be responsible for driving the strategy and programmatic efforts involved with Cerner's platform modernization and development of the cognitive platform for health care. He originally joined the Company in 2002 as Vice President, Corporate Positioning. He has held multiple roles during his time at the Company, including Chief Marketing Officer from 2003 to 2007, General Manager for the Kansas City region from 2006 to 2007, Managing Director for the United Kingdom and Ireland from 2008 to 2010 and Senior Vice President and President, Cerner Health Ventures from 2012 to 2018. From 2010 to 2012, Mr. Trigg served as Chief Revenue Officer at CodeRyte, Inc. prior to its acquisition by 3M's healthcare division. Mr. Trigg also spent more than a decade serving in the public policy space as a senior advisor for the 2000 Bush for President campaign in Austin, TX, the Director of Policy at the U.S. Department of Commerce and in a series of senior policy roles in the U.S. House and U.S. Senate.

There is no arrangement or understanding between Mr. Trigg and any other persons pursuant to which he was appointed as the Company's President, and there is no family relationship between Mr. Trigg and any directors or executive officers of the Company. Mr. Trigg has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Mr. Peterzalek, 59, has served as Executive Vice President and Chief Client Officer since September 2018. In his expanded role as Chief Client and Services Officer, Mr. Peterzalek will continue to oversee worldwide client relationship management and sales, as well assume an expanded responsibility for overseeing Cerner's Services, Consulting, Support and Hosting. He joined the Company in 2003 as President, Cerner South East and has held a variety of business and client leadership roles since that time, including Senior Vice President, East Region, a title which he held from 2007 to 2014 when he was named Senior Vice President, Client Relationships. He was promoted to Executive Vice President, Client Relationships in April 2017 and Executive Vice President, Worldwide Client Relationships in October 2017. He held that title until September 2018 when he was named Executive Vice President and Chief Client Officer.

At this time, changes to Messrs. Trigg's and Peterzalek's compensation arrangements with the Company in connection with their promotions have not yet been determined. As required, the Company will file an amendment to this Current Report on Form 8-K once such terms have been determined.

Item 7.01 Regulation FD Disclosure.

On February 18, 2020, the Company issued a press release announcing the executive officer changes described above. The Company's press release is attached as Exhibit 99.1 hereto and is incorporated by reference in this Item 7.01.

The information set forth in this Item 7.01, including Exhibit 99.1, is being "furnished" and shall not be deemed "filed" for purposes of, or otherwise subject to, liabilities under Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed to be incorporated by reference into the Company's filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.






Item 9.01 Financial Statements and Exhibits.
d) Exhibits
Exhibit
Number
  
Description
 
 
99.1
  
 
 
 
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)








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 hereunto duly authorized.
 
 
 
 
 
 
 
CERNER CORPORATION
 
 
 
 
Date: February 18, 2020
 
 
 
By:
 
/s/ Marc G. Naughton
 
 
 
 
 
 
Marc G. Naughton, Executive Vice President
 
 
 
 
 
 
and Chief Financial Officer



Exhibit


Exhibit 99.1

CERNER ANNOUNCES LEADERSHIP CHANGES FOCUSED ON INCREASING ALIGNMENT WITH CLIENT SUCCESS
Don Trigg named President; John Peterzalek named Chief Client and Services Officer

KANSAS CITY, Mo., Feb. 18, 2020 - Cerner Corporation (NASDAQ: CERN) today announced the appointment of Don Trigg to President and John Peterzalek to Chief Client and Services Officer.

"I want to congratulate Don and John on their expanded roles," said Brent Shafer, chairman and CEO, Cerner. "These appointments, along with other enhancements we are making to Cerner's leadership structure to create better alignment and accountability, will build on the progress we've made since launching Cerner’s new operating model in 2019 to align more closely with our clients' strategic objectives and position Cerner for long-term growth."
 
Don will be responsible for Clinical EHR, Revenue Cycle Management and Strategic Growth businesses, which include Real-Time Health Systems, Health Networks, Data-as-a-Service, Long-Term and Post-Acute Care, Consumer and Employer.

In his expanded role, Trigg, who joined Cerner in 2002, will lead the long-term vision of Cerner's product portfolio, key product lines and performance and profitability. He also will be responsible for driving the strategy and programmatic efforts involved with Cerner's platform modernization and the company’s development of the cognitive platform for health care.

"Don is a proven leader in defining and operationalizing disruptive strategies and innovation to expand Cerner beyond the EHR era," Shafer said. "I'm looking forward to Don's continued leadership at this critical juncture in health care."

"There has never been a better moment to innovate at the intersection of health care and information technology," Trigg said. "Providers are building out health networks to manage the health and care of the individual. Data holds the promise to deliver a new era of cognitive precision and personalization. We believe Cerner is well positioned to define and lead it."

In addition to Trigg's appointment, John Peterzalek has been appointed to Chief Client and Services Officer, assuming expanded responsibility for Cerner's Services, Consulting, Support and Hosting. These services organizations include more than 10,000 Cerner associates focused on delivering, running and supporting Cerner solutions. Peterzalek, who joined Cerner in 2003, will continue to oversee worldwide client relationship management and sales.

"John's expanded role fully aligns Cerner's client-facing resources under his direction, creating further alignment between his organization and the success of our clients," Shafer said. "We're also establishing a Client Success office under John that will ensure clients are achieving value and experiencing world-class service."

"I'm pleased to have the opportunity to lead a refreshed focus on delivering high-value solutions and a first-class client experience to our clients around the world," Peterzalek said. "Our direct alignment with the success of our clients is the cornerstone of our mission to relentlessly seek breakthrough innovation that will shape the health care of tomorrow."

About Cerner

Cerner's health technologies connect people and information systems in thousands of worldwide facilities dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog or connect on Facebook, Instagram, LinkedIn, Twitter or The Cerner Podcast. Nasdaq: CERN. Health care is too important to stay the same.






Media Contact:

Misti Preston, Director of External Communications & Public Relations,
MediaRelations@cerner.com