(Edgar Glimpses Via Acquire Media NewsEdge) Item 2.02 Results of Operations and Financial Condition.
Although GI Dynamics, Inc. (the "Company") has not finalized its full financial
results for the second quarter, the Company advises that preliminary revenues
for the second quarter are estimated to be slightly below first quarter 2014, in
part due to less than expected sales in Chile, as well as due to delayed
regulatory approval in Brazil. The full text of the press release issued in
connection with the announcement is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
The information contained in this Item 2.02 of Form 8-K is unaudited and
preliminary, and does not present all information necessary for an understanding
of the Company's financial condition for the second quarter of fiscal year 2014
and its results of operations for the three months ended June 30, 2014. The
Company anticipates making a public announcement of its results of operations
for the second quarter on or about July 31, 2014.
The information in this Item 2.02 shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act") or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as expressly set forth by specific
reference in such a filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On June 30, 2014, the Company notified Mark C. Twyman, Chief Commercial
Officer, that his employment with the Company was being terminated effective as
of September 28, 2014. The full text of the press release issued in connection
with the announcement is furnished as Exhibit 99.1 to this Current Report on
Item 9.01 Financial Statements and Exhibits.
See Exhibit Index attached hereto, which is incorporated by reference herein.