Cardinal Health 2008 Annual Report Download - page 48

SEC Investigation
As previously disclosed, on July 26, 2007, the Company announced a settlement with the SEC that
concluded, with respect to the Company, an SEC investigation relating principally to the Company’s financial
reporting and disclosures. For further information regarding this investigation, see the Company’s Annual Report
on Form 10-K for the fiscal year ended June 30, 2007, as amended (the “2007 Form 10-K”). The final judgment
entered by a court to resolve this matter, among other things, enjoined the Company from future violations of the
federal securities laws and required the Company to pay a civil penalty of $35 million and retain an independent
consultant to review certain company policies and procedures. In July 2007, the Company paid the fine. In
November 2007, the independent consultant submitted a report to the Company and the SEC staff, and the
Company thereafter implemented the independent consultant’s final recommendations.
The Company’s settlement with the SEC does not resolve the investigation by the SEC of certain
individuals. As stated in the 2007 Form 10-K, in January 2007 the Company learned that its then-Executive
Chairman of the Board (who has retired from the Company, but remains a member of the Board of Directors), as
well as four former officers and employees, received Wells notices from the staff of the SEC. The outcome of the
continuing SEC investigation relating to individuals and any related legal and administrative proceedings could
include the institution of administrative or civil injunctive proceedings involving current or former Company
employees, officers and/or directors, as well as the imposition of fines and other penalties, remedies and
sanctions upon such persons.
Item 4: Submission of Matters to a Vote of Security Holders
None during the quarter ended June 30, 2008.
Executive Officers of the Registrant
The following is a list of the executive officers of the Company (information provided as of August 25,
2008):
Name Age Position
R. Kerry Clark .............. 56 Chairman and Chief Executive Officer
George S. Barrett ........... 53 Vice Chairman of Cardinal Health and Chief Executive Officer,
Healthcare Supply Chain Services
David L. Schlotterbeck ....... 61 Vice Chairman of Cardinal Health and Chief Executive Officer,
Clinical and Medical Products
Jeffrey W. Henderson ........ 43 Chief Financial Officer
Ivan K. Fong ............... 47 Chief Legal Officer and Secretary
Vivek Jain ................. 36 Executive Vice President—Strategy and Corporate Development
Craig S. Morford ............ 49 Chief Compliance Officer
Carole S. Watkins ........... 48 Chief Human Resources Officer
Unless otherwise indicated, the business experience summaries provided below for the Company’s
executive officers describe positions held by the named individuals during the last five years.
Mr. Clark has served as the Company’s Chairman and Chief Executive Officer since November 2007. Prior
to that, he served as President and Chief Executive Officer from April 2006 to November 2007. Prior to joining
the Company, he was Vice Chairman of the Board—P&G Family Health of The Procter & Gamble Company, a
consumer products company, from July 2004 to April 2006. He served as Vice Chairman of the Board and
President—Global Market Development and Business Operations of Procter & Gamble from 2002 to July 2004.
He also served as a director of Procter & Gamble from 2002 until April 2006. He has served as a director of the
Company since April 2006 and also is a director of Textron Inc., an aircraft, automotive and industrial products
manufacturer and financial services company.
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