Pediatrix Medical Group Inc.
As filed with the Securities and Exchange Commission on May 30, 2008
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
PEDIATRIX MEDICAL GROUP, INC.
(Exact name of registrant as specified in its charter)
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Florida
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65-0271219 |
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(State or other jurisdiction of incorporation or
organization)
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(IRS Employer
Identification Number) |
1301 Concord Terrace
Sunrise, Florida 33323-2825
(Address of Principal Executive Offices)
Pediatrix Medical Group, Inc. 2008 Incentive Compensation Plan
(Full title of the Plan)
Thomas W. Hawkins, Esq.
Senior Vice President,
General Counsel and Secretary
Pediatrix Medical Group, Inc.
1301 Concord Terrace
Sunrise, Florida 33323-2825
(Name and address of agent for service)
(954) 384-0175
Telephone number, including area code, of agent for service
Copies to:
Ira N. Rosner, Esq.
Greenberg Traurig, P.A.
1221 Brickell Avenue
Miami, Florida 33131
(305) 579-0500
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of
large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2
of the Exchange Act. (Check one):
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Large accelerated filer þ
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Accelerated filer o
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Non-accelerated filer o
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Smaller reporting company o |
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(Do not check if a smaller reporting company) |
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CALCULATION OF REGISTRATION FEE
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Proposed maximum |
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Proposed |
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Title of securities |
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Amount to be |
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offering price |
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maximum aggregate |
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Amount of |
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to be registered |
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registered(1)(2) |
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per share |
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offering price (3) |
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registration fee(4) |
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Common Stock, $0.01
par value, to be
issued under the
Pediatrix Medical
Group, Inc. 2008
Incentive
Compensation Plan
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6,000,000 |
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$48.08(2)(3)
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$ |
288,480,000 |
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$ |
11,337.26 |
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(1) |
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Pursuant to Rule 416 of the Securities Act of 1933, as amended (the Securities Act), this
registration statement shall also cover any additional shares of common stock, $0.01 par value
(the Common Stock), of Pediatrix Medical Group, Inc. (the Registrant) which become
issuable under the Pediatrix Medical Group, Inc. 2008 Incentive Compensation Plan by reason of any stock dividend, stock split, recapitalization or other
similar transaction effected without the receipt of consideration which results in an increase
in the number of our outstanding shares of Common Stock. |
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(2) |
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This registration statement also covers rights to purchase the Registrants Series A Junior
Participating Preferred Stock that presently are attached to and trade with the Common Stock.
Any value attributable to such rights is reflected in the market price of the Common Stock. |
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(3) |
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Estimated solely for the purpose of calculating the registration fee in accordance with Rules
457(c) and (h) of the Securities Act on the basis of the average of the high and low price of
a share of Common Stock as reported by the New York Stock Exchange on May 27, 2008. |
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(4) |
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Pursuant to Rule 457(p), $4,782.35 is being offset from registration statement number
333-121125, which amount was previously paid in respect of 1,196,939 shares remaining
unissued under the Registrants now terminated 2004 Incentive Compensation Plan. |
PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information specified by Items 1 and 2 of Part I of Form S-8 is omitted from this filing
in accordance with the provisions of Rule 428 of the Securities Act of 1933, as amended (the
Securities Act), and the introductory Note to Part I of Form S-8.
The documents containing the information specified in Part I of Form S-8 will be sent or given
to participating employees as specified by Rule 428(b) of the Securities Act. Such documents and
the documents incorporated by reference herein pursuant to Item 3 of Part II hereof, taken
together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed with the Securities and Exchange Commission,
are hereby incorporated by reference into this registration statement:
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(a) |
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Our Annual Report on Form 10-K for the fiscal year ended December 31, 2007; |
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(b) |
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Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2008; |
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(c) |
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Our Current Reports on Form 8-K filed on January 17, 2008, March 28, 2008,
April 7, 2008, and May 27, 2008 (not including any information furnished under Items
2.02, 7.01 or 9.01 of any such Form 8-K); |
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(d) |
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Our Proxy Statement on Schedule 14A filed on April 7, 2008; |
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(e) |
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The description of our common stock contained in our Registration Statement on
Form 8-A (Registration No. 001-12111) filed with the Securities and Exchange Commission
(the SEC) on September 4, 1996 and any amendments to such Registration Statement filed
subsequently thereto, including all amendments or reports filed for the purpose of
updating such description; and |
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(f) |
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The description of the rights to purchase our Series A Junior Participating
Preferred Stock contained in our Registration Statement on Form 8-A (Registration No.
001-14922) filed with the SEC on April 6, 1999 and any
amendments to such Registration Statement filed subsequently thereto, including any
amendments or reports filed for the purpose of updating such description. |
In addition, all documents subsequently filed by us pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, as amended, (not including any information furnished under Items 2.02, 7.01 or 9.01
of Form 8-K, which information is not incorporated by reference herein) prior to the filing of a
post-effective amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, will be deemed to be incorporated herein by
reference and to be a part of this registration statement from the date of filing of such
documents. Any statement contained in a document incorporated herein by reference will be deemed
to be modified or superseded for purposes of this registration statement to the extent that a
statement contained herein, or in a subsequently filed document incorporated herein by reference,
modifies or supersedes the statement. Any statement modified or superseded will not be deemed,
except as modified or superseded, to constitute a part of this registration statement.
Item 4. Description of Securities.
Not applicable.
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Item 5. Interests of Named Experts and Counsel.
The validity of the securities being registered hereunder is being passed upon for us by
Greenberg Traurig, P.A., Miami, Florida. Cesar Alvarez, the Chief Executive Officer of Greenberg
Traurig, P.A., is one of our directors. As of May 27, 2008, Mr. Alvarez beneficially owns 10,000
shares and options to acquire 76,002 shares of our common stock, of which 63,556 are currently, or
within 60 days of such date will be, exercisable.
Item 6. Indemnification of Directors and Officers.
The Florida Business Corporation Act permits a corporation to indemnify the following persons
(using a case-by-case determination) against liabilities arising in the following circumstances:
(i) any person who was or is party to any proceeding by reason of his or her service as a
director, officer, employee or agent of the corporation; or
(ii) any person serving in such capacity, at the request of the corporation, for another
corporation or business entity.
To be indemnified, a person seeking indemnification must have acted in good faith and in a
manner he or she reasonably believed to be in, or not opposed to, the best interests of the
corporation. With respect to any criminal action or proceeding, such person must have had no
reasonable cause to believe his or her conduct was unlawful. Under Florida law the corporation can
indemnify such a person who is a party to any proceeding by or in the right of the corporation
against expenses and amounts paid in settlement which were actually and reasonably incurred in
connection with the defense or settlement of the proceeding. Such indemnification may not exceed
the board of directors estimated expense of litigating the matter to a conclusion. No
indemnification shall be made in respect of any issue as to which such person shall have been
adjudged to be liable unless, and only to the extent that, a court shall determine, in view of all
circumstances, that such person is fairly and reasonably entitled to indemnity for such expenses
which such court shall deem proper.
Under the Florida Business Corporation Act, indemnification for expenses actually and
reasonably incurred in the defense of any proceeding is mandatory to the extent that a director,
officer, employee or agent is successful in such defense. Florida law also allows a corporation to
provide any other or further indemnification or advancement of expenses to its directors, officers,
employees or agents; however such indemnification or advancement of expenses may not extend to
situations where a final adjudication establishes that such persons actions, or omissions to act,
were material to the cause of action so adjudicated and constitute:
(i) a criminal violation, unless such person had reasonable cause to believe his conduct was
lawful or had no reasonable cause to believe his conduct was unlawful;
(ii) a transaction from which such person derived an improper personal benefit;
(iii) in the case of a director, a circumstance under which the director would be liable for
authorizing an improper distribution; or
(iv) willful misconduct or conscious disregard for the best interests of the corporation in a
proceeding by or in the right of the corporation to procure a judgment in its favor, or in a
proceeding by or in the right of a shareholder.
The amended and restated articles of incorporation of the registrant provide that the
registrant shall indemnify and may advance expenses to its officers and directors to the fullest
extent permitted by the current law. The registrant has secured insurance covering the registrant
and its directors and officers and those of its principal subsidiaries and affiliate companies
against certain liabilities.
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The registrant has entered into indemnification agreements with each member of its board of
directors and its executive officers. The indemnification agreements require, among other things,
that the registrant indemnify to
the fullest extent permitted by law and advance to each indemnified director and executive
officer all related expenses, subject to reimbursement if it is subsequently determined that
indemnification is not permitted. Under the indemnification agreements, the registrant must also
indemnify and advance all expenses incurred by an indemnified director or executive officer seeking
to enforce his or her rights under the indemnification agreements and purchase and generally
maintain in effect directors and officers liability insurance during the term, and for a period
of five years following the termination, of each directors and executive officers employment.
Although the indemnification agreements offer substantially the same scope of coverage afforded by
law, they provide greater assurance to directors and executive officers that indemnification will
be available, because, as contracts, they cannot be modified unilaterally in the future by the
board of directors or the stockholders to eliminate the rights they provide.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits
See Exhibit Index on page II-1 below.
Item 9. Undertakings
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(a) |
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The undersigned registrant hereby undertakes: |
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(1) |
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To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement: |
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(i) |
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To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933 (the Securities Act); |
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(ii) |
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To reflect in the prospectus any facts or
events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent not more than a 20
percent change in the maximum aggregate offering price set forth in the
Calculation of Registration Fee table in the effective registration
statement; |
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(iii) |
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To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in
the registration statement; |
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Registrant pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934 (the Exchange Act) that are
incorporated by reference in this registration statement.
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That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof. |
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To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering. |
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrants annual report pursuant to
section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plans annual report pursuant to section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses incurred or paid by
a director, officer or controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Sunrise, State of Florida on this 30th day of May, 2008.
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PEDIATRIX MEDICAL GROUP, INC.
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By: |
/s/ Roger J. Medel, M.D.
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Roger J. Medel, M.D. |
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Chief Executive Officer |
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POWER OF ATTORNEY
Each person whose signature appears below hereby appoints Thomas W. Hawkins and Karl B. Wagner
his true and lawful attorney-in-fact with authority to execute in the name of each such person, and
to file with the Securities and Exchange Commission, together with any exhibits thereto and other
documents therewith, any and all amendments (including without limitation post-effective
amendments) to this registration statement necessary or advisable to enable the registrant to
comply with the Securities Act of 1933, as amended, and any rules, regulations and requirements of
the Securities and Exchange Commission in respect thereof, which amendments may make such other
changes in the registration statement as the aforesaid attorney-in-fact executing the same deems
appropriate. Pursuant to the requirements of the Act, this registration statement has been signed
below by the following persons in the capacities and on the dates indicated.
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Signature |
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Date |
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/s/ Cesar L. Alvarez
Cesar L. Alvarez |
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Chairman of the Board
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May 30, 2008 |
/s/ Roger J. Medel, M.D.
Roger J. Medel, M.D. |
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Chief Executive Officer
and Director
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May 30, 2008 |
/s/ Karl B. Wagner
Karl B. Wagner |
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Chief Financial Officer
and Principal Accounting Officer
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May 30, 2008 |
/s/ Waldemar A. Carlo, M.D.
Waldemar A. Carlo, M.D. |
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Director
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May 30, 2008 |
/s/ Michael B. Fernandez
Michael B. Fernandez |
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Director
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May 30, 2008 |
/s/ Roger K. Freeman, M.D.
Roger K. Freeman, M.D. |
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Director
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May 30, 2008 |
/s/ Paul G. Gabos
Paul G. Gabos |
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Director
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May 30, 2008 |
/s/ Pascal J. Goldschmidt, M.D.
Pascal J. Goldschmidt, M.D. |
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Director
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May 30, 2008 |
/s/ Manuel Kadre
Manuel Kadre |
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Director
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May 30, 2008 |
Enrique J. Sosa, Ph.D. |
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Director |
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EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
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4.1 |
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Articles of Designations of Series A Junior Participating Preferred Stock
(incorporated by reference to Exhibit 3.1 to the registrants Current Report on
Form 8-K dated March 31, 1999). |
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4.2 |
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Rights Agreement dated as of March 31, 1999, between the registrant and
Computershare Trust Company N.A. (successor rights agent to BankBoston, N.A.), as
rights agent, including the form of Articles of Designations of Series A Junior
Participating Preferred Stock and the form of Rights Certificate (incorporated by
reference to Exhibit 4.1 to the registrants Current Report on Form 8-K dated
March 31, 1999). |
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4.3 |
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Certificate of Adjustment to the Rights Agreement between Pediatrix and
Computershare Trust Company N.A. (as successor rights agent to BankBoston, N.A.),
as rights agent (incorporated by reference to Exhibit 4.2 to the registrants
Current Report on Form 8-K dated April 27, 2006). |
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4.4 |
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Amendment No. 1, dated March 28, 2008, to Rights Agreement, dated March 31, 1999,
between the Company and Computershare Trust Company N.A. (successor rights agent
to BankBoston, N.A.), as rights agent (incorporated by reference to Exhibit 4.1 to
the registrants Current Report on Form 8-K dated March 28, 2008). |
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5.1 |
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Opinion of Greenberg Traurig, P.A. |
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23.1 |
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Consent of PricewaterhouseCoopers LLP |
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23.2 |
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Consent of Greenberg Traurig, P.A. (contained in its opinion filed as Exhibit 5.1
hereto) |
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24.1 |
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Power of Attorney (contained on the signature pages of this Registration Statement) |
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EX-5.1 Opinion of Greenberg Traurig P.A.
EXHIBIT 5.1
[Greenberg Traurig, P.A. Letterhead]
May 30, 2008
Pediatrix Medical Group, Inc.
1301 Concord Terrace
Sunrise, Florida 33323-2825
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Re: |
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Registration Statement on Form S-8 for the Pediatrix 2008 Incentive Compensation Plan |
Ladies and Gentlemen:
On or about the date hereof, Pediatrix Medical Group, Inc., a Florida corporation (the
Company), is filing with the Securities and Exchange Commission (the Commission) a
Registration Statement on Form S-8 (the Registration Statement), under the Securities Act of
1933, as amended (the Act). The Registration Statement relates to the offering and sale by the
Company of up to 6,000,000 shares of the Companys Common Stock, par value $0.01 per share (the
Common Stock), to issued pursuant to equity awards (Awards) granted or to be granted under the
Companys 2008 Incentive Compensation Plan (the 2008 Plan). We have acted as counsel to the
Company in connection with the preparation and filing of the Registration Statement.
In connection therewith, we have examined and relied upon the original or a copy, certified to
our satisfaction, of (i) the Amended and Restated Articles of Incorporation and Amended and
Restated Bylaws of the Company, each as amended to the date hereof; (ii) records of corporate
proceedings of the Company related to the 2008 Plan; (iii) the Registration Statement and exhibits
thereto; and (iv) such other documents and instruments as we have deemed necessary for the
expression of the opinions herein contained. In making the foregoing examinations, we have assumed
the genuineness of all signatures and the authenticity of all documents submitted to us as
originals, and the conformity to original documents of all documents submitted to us as certified
or photostatic copies. As to various questions of fact material to this opinion, we have relied,
to the extent we deemed reasonably appropriate, upon representations of officers or directors of
the Company and upon documents, records and instruments furnished to us by the Company, without
independently checking or verifying the accuracy of such documents, records and instruments.
Based upon the foregoing examination, we are of the opinion that assuming that (i) the Company
maintains an adequate number of authorized and unissued shares of Common Stock available for
issuance pursuant to the 2008 Plan and (ii) the consideration, if any, required to be paid in connection
with the issuance of underlying shares of Common Stock issued pursuant to Awards is actually
received by the Company as provided in any such Award, the shares of Common Stock issued pursuant
to the 2008 Plan will be duly and validly issued, fully paid and nonassessable.
This opinion is rendered only to you and is solely for your benefit in connection with the
transactions covered hereby. This opinion may not be relied upon by you for any other purpose, or
furnished to, quoted to or relied upon by any other person, firm or corporation for any purpose,
without our prior written consent.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement.
In giving such consent, we do not admit that we come within the category of persons whose consent
is required by Section 7 of the Act or the rules and regulations of the Commission thereunder.
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Sincerely,
GREENBERG TRAURIG, P.A.
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By: |
/s/ Ira N. Rosner
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Ira N. Rosner |
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EX-23.1 Consent of PricewaterhouseCoopers LLP
EXHIBIT 23.1
CONSENT OF INDEPENDENT REGISTERED CERTIFIED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of
our report dated February 28, 2008 relating to the financial statements, financial statement
schedule and the effectiveness of internal control over financial reporting, which appears in
Pediatrix Medical Group, Inc.s Annual Report on Form 10-K for the year ended December 31, 2007.
/s/ PricewaterhouseCoopers LLP
Tampa, Florida
May 30, 2008