Form 8-K AIR METHODS CORP For: Sep 07

 

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):  September 7, 2016

 

AIR METHODS CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Registrant’s telephone number, including area code: (303) 792-7400

 

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:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 2.02                                           Results of Operations and Financial Condition.

 

On September 7, 2016, Air Methods Corporation (the “Company”) announced preliminary patient transport and tourism passenger data for the month of August 2016. A copy of the press release is furnished as Exhibit 99.1 to this Current Report. The information contained in this report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall information be deemed incorporated by reference in any registration statement, proxy statement, or other report filed under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless the Company specifically incorporates that information into those documents by reference.

 

Item 9.01                                           Financial Statements and Exhibits.

 

(d)  Exhibits

 

Exhibit  No.		Description
99.1		Press Release dated September 7, 2016.

 

1

 

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.

 

	AIR METHODS CORPORATION
Date:  September 7, 2016	By:	/s/ Crystal L. Gordon
		Crystal L. Gordon, Senior Vice President, General Counsel and Secretary

 

2

 

EXHIBIT INDEX

 

Exhibit  No.		Description
99.1		Press Release dated September 7, 2016.

 

3

Exhibit 99.1

 

 

Air Methods Provides Update on August Transports

 

DENVER, CO, September 7, 2016 — Air Methods Corporation (Nasdaq: AIRM), the global leader in air medical transportation, today reported preliminary patient transport and tourism passenger data for the month of August 2016.

 

Air Medical		Aug-16		Aug-15		YOY Change (%)		QTD 3Q16		QTD 3Q15		YOY Change (%)
Transports		6,023		5,895		2.2	%	12,402		11,711		5.9	%
Transports + Weather Cancellations		8,577		7,646		12.2	%	17,194		15,448		11.3	%
Same-Base Transports (SBTs)		5,031		5,717		-12.0	%	10,302		11,341		-9.2	%
SBT + Weather Cancellations		7,226		7,434		-2.8	%	14,438		15,000		-3.7	%

 

Tourism		Aug-16		Aug-15		YOY Change (%)		QTD 3Q16		QTD 3Q15		YOY Change (%)
Passengers		48,000		44,733		7.3	%	97,203		94,748		2.6	%

 

Aaron Todd, CEO of Air Methods, stated, “Weather cancellations as a percent of requests for patient transport increased to 19.8% in August 2016, a significant increase from the historic average. From 2011 to 2015, weather cancellations in the month of August averaged 14.8% of requests.”

 

About Air Methods Corporation

Air Methods Corporation (www.airmethods.com) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services in the United States. The United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features approximately 500 helicopters and fixed wing aircraft.

 

 

Forward Looking Statements: Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are “forward-looking statements”, including statements we make with regard to preliminary results of (i) total transports, (ii) same-base transports,  (iii) weather cancellations, (iv) weather cancellations as a percent of requests,  and (v) tourism passengers for August 2016, are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company’s completion of its third quarter closing and review procedures and other matters set forth in the Company’s filings with the SEC. The Company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

 

CONTACTS: Peter P. Csapo, Chief Financial Officer, ([email protected]). Please contact Christina Brodsly at ([email protected]) to be included on the Company’s e-mail distribution list.