Specialized Disclosure Report (sd)
May 30 2017 - 6:09AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
Cantel Medical Corp.
(Exact name of registrant as specified in its charter)
Delaware
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001-31337
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22-1760285
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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150 Clove Road, Little Falls, New Jersey
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07424
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(Address of principal executive offices)
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(Zip Code)
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Eric W. Nodiff
Executive Vice President, General Counsel and Secretary
(973) 890-7220
(Name and telephone number, including area code, of the person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and to provide the period to which the information in this form applies:
x
Rule 13p-1 under the Securities Exchange Act (17 CFR 230.13p-1) for the reporting period from January 1 to December 31, 2016.
Section 1 Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Cantel Medical Corp., along with its subsidiaries, (collectively, Cantel, us, we, our, and the Company) is a leading provider of infection prevention and control products and services in the healthcare market, specializing in the following operating segments:
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Endoscopy
: Medical device reprocessing systems, disinfectants, detergents and other supplies used to high-level disinfect rigid endoscopes, flexible endoscopes and other instrumentation and disposable infection control products intended to reduce the challenges with proper cleaning and high-level disinfection of numerous reusable components used in gastrointestinal (GI) endoscopy procedures. In September 2015, this segment commenced the sale of endoscope transport and storage systems, and a number of endoscopy consumable accessories. Additionally, this segment includes technical maintenance service on its products.
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Water Purification and Filtration
: Water purification equipment and services, filtration and separation products and disinfectants, sterilization and decontamination products and services for the medical, pharmaceutical, biotech, beverage and commercial industrial markets.
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Healthcare Disposables
: Single-use, infection prevention healthcare products including face masks, sterilization pouches, towels and bibs, tray covers, saliva ejectors, plastic cups, germicidal wipes and disinfectants, as well as products for maintaining safe dental unit waterlines. This segment also manufactures and sells biological and chemical indicators for sterility assurance monitoring services in the acute-care, alternate-care, dental and industrial (medical device, life science and other manufacturers) markets. In August 2016, this segment commenced the manufacture and sale of nitrous oxide conscious sedation equipment and related single-use disposable nasal masks.
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Dialysis
: Medical device reprocessing systems, sterilants/disinfectants, dialysate concentrates and other supplies for renal dialysis. Additionally, this segment includes technical maintenance service on its products.
Conflict Minerals Disclosure
As required by Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended, and Form SD (collectively, the Rule) for the reporting period January 1, 2016 to December 31, 2016 (the Reporting Period), a Conflict Minerals Report is provided as Exhibit 1.01 to this Form SD (the Conflict Minerals Report) and is also publicly available on our website at www.cantelmedical.com/conflict-minerals-disclosure-16. The information contained on our website is not incorporated by reference into this Form SD or the Conflict Minerals Report and should not be considered part of this Form SD or the Conflict Minerals Report.
The Rule requires disclosure of certain information when a company manufactures, or contracts to manufacture, products for which the minerals specified in the Rule are necessary to the functionality or production of those products. The specified minerals are gold, columbite-tantalite (coltan), cassiterite and wolframite, including their derivatives, which the Securities and Exchange Commission (the SEC) has currently limited to tantalum, tin and tungsten (collectively, the Conflict Minerals). The covered countries for the purposes of the Rule are the Democratic Republic of Congo, the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola (collectively, the Covered Countries).
Our Conflict Minerals Policy (the Policy) is made available to all of our direct suppliers on an ongoing basis and posted on our website at www.cantelmedical.com/conflict-minerals-policy. The Policy may be summarized as follows:
(i)
We will evaluate our relationships with our suppliers on an ongoing basis regarding compliance with the Policy;
(ii)
We expect that our suppliers will (a) source their materials from socially responsible suppliers, (b) assist us in our compliance with the SEC rules relating to Conflict Minerals and provide us with all necessary representations, declarations or certifications in furtherance of such compliance, (c) undertake reasonable due diligence within their supply chains to determine the source and chain of custody of their Conflict Minerals, including developing policies and systems preventing the use of Conflict Minerals or derivative sources from mines that directly or indirectly finance armed groups through mining in the Covered Countries and (d) pass these requirements along to their suppliers through the supply chain and require them to do the same;
(iii)
We reserve the right to perform follow-up due diligence, including to request additional documentation or information from our suppliers, regarding the aforementioned information requests; and
(iv)
We will review and evaluate our ongoing relationship with suppliers that do not comply with our requirements as expressed in the Policy.
2
Internal Product Review
The Company reviewed the products that it manufactured either internally or pursuant to arrangements with third-party manufacturers during the Reporting Period (the Product Review). The objective of the Product Review was to identify finished goods that (i) the Company manufactures or contracts to manufacture and (ii) may contain one or more Conflict Minerals.
The Product Review was overseen by the Companys compliance department and consisted of information solicited from and provided by representatives from departments across the Company. The Companys Chief Compliance Officer, with oversight from the Companys Board of Directors, was responsible for reviewing the Companys obligations and processes under the Rule.
Based on the Product Review, we have determined that we manufacture, or contract to manufacture, certain products that contain materials and components that incorporate Conflict Minerals (the Covered Products), and that Conflict Minerals are necessary to the functionality or production of the Covered Products. The Covered Products are categorized by Company subsidiary and are as follows:
Crosstex International, Inc.
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Incubators
Mar Cor Purification, Inc.
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Cleaners & disinfectants
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Conditioning equipment, filters & membranes
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Process controls
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Process pipe & fittings
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Pumps
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Reverse osmosis equipment
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Storage tanks & accessories
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Valves
Medivators Inc.
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Endoscope reprocessing products
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Endoscopy procedure products
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Renal systems & products
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Therapeutic technologies products
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REVOX
®
sterilization products
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BIOREDOX
sm
decontamination products
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Infection prevention products
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Custom development products, based on the product categories described above
SPS Medical Supply Corp.
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Incubators
Reasonable Country of Origin Inquiry
Based upon our determination that the Rule applies to the Covered Products, we undertook a good-faith reasonable country of origin inquiry (the RCOI) designed to determine whether any of the Conflict Minerals included in the Covered Products (i) originated in the Covered Countries or (ii) were from recycled or scrap sources, as defined by the SEC. We do not source Conflict Minerals directly from mines, smelters or refiners and rely on third-party suppliers to provide us with the materials and components used in the Covered Products. As such, the primary elements of our RCOI included (i) identification of suppliers, (ii) supplier data collection and (iii) an assessment of supplier data to determine whether further due diligence was required.
Our supply chains are complex and there may be several third-parties between the ultimate manufacture of the Covered Products and the original sources of Conflict Minerals. Once all relevant suppliers were identified, our RCOI for supplier data collection primarily consisted of distribution and collection of a Conflict Minerals Reporting Template, questionnaires and other requests for information from the Companys immediate suppliers regarding said suppliers materials and components that are incorporated into the Covered Products, the presence of any Conflict Minerals contained therein and, as applicable, the country of origin of any such Conflict Minerals or whether such Conflict Minerals were from recycled or scrap sources.
3
Results of Reasonable Country of Origin Inquiry
Pursuant to the Rule, if, following a good-faith RCOI, a company knows, or has reason to believe, that any of the necessary Conflict Minerals in its supply chain may have originated from the Covered Countries and may not be from recycled or scrap sources, then the company must exercise due diligence on the source and chain of custody of such Conflict Minerals and file a report describing its due diligence measures. The Company has determined that the responses obtained in the RCOI process were insufficient to form the basis for a reasonable determination as to the specific origin of all of the Conflict Minerals used in the manufacturing process for the Covered Products. Accordingly, the Company has exercised due diligence on the source and chain of custody of Conflict Minerals contained in the Covered Products. The results of these due diligence efforts are described in the attached Conflict Minerals Report.
Item 1.02 Exhibit
The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD. The Conflict Minerals Report also is publicly available on our Company website at www.cantelmedical.com/conflict-minerals-disclosure-16.
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Section 2 Exhibits
Item 2.01 Exhibits
The following exhibit is filed as part of this report.
Exhibit
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Description
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1.01
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Conflict Minerals Report for the period January 1 to December 31, 2016.
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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.
Cantel Medical Corp
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(Registrant)
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By:
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/s/ Eric W. Nodiff
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May 30, 2017
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Eric W. Nodiff
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(Date)
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Executive Vice President, General Counsel and Secretary
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(Signature and Title)
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Exhibit Index
Exhibit Number
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Description
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1.01
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Conflict Minerals Report for the period January 1 to December 31, 2016.
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7
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