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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 and Exchange Act of 1934
Date of Report (Date of earliest event reported) May 1, 1999
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MINIMED INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 95-4408171
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
12744 San Fernando Road, Sylmar, California 91342
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (818) 362-5958
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N/A
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On May 1, 1999, MiniMed Inc. (the "Company") amended its Rights
Agreement, dated as of July 24, 1995 (the "Rights Agreement"), between the
Company and Harris Trust Company of California, as Rights Agent, to (a)
eliminate those provisions that require that certain actions may only be taken
by "Independent Directors" (as defined in the Rights Agreement) and (b) to
change the exercise price of a Right (as defined in the Rights Agreement) from
$65.00 to $250.00. A copy of the Amendment to the Rights Agreement is included
as Exhibit 1 to this Report and incorporated herein by reference. The foregoing
description is qualified in its entirety by reference to that Amendment.
ITEM 7. EXHIBITS.
Exhibit 1 Amendment to Rights Agreement dated as of May 1,
1999, between MiniMed Inc. and Harris Trust Company
of California, as Rights Agent, which includes
amendments to the Form of Right Certificate set forth
as Exhibit B and amendments to the Summary of the
Rights set forth as Exhibit C.
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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.
Date: May 7, 1999 MINIMED INC.
By: /s/ Eric S Kentor
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Name: Eric S. Kentor
Its: Senior Vice President, General Counsel and
Secretary
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page*
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1 Amendment to Rights Agreement dated as of
May 1, 1999, between MiniMed Inc. and Harris Trust
Company of California, as Rights Agent, which
includes amendments to the Form of Right
Certificate set forth as Exhibit B and amendments
to the Summary of the Rights set forth as Exhibit C.
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*Contained only in manually executed version
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