SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 11-K
[X] Annual Report Pursuant To Section 15(d) Of
The Securities Exchange Act of 1934
For the fiscal year ended December 31, 2000
OR
[ ] Transition Report Pursuant To Section 15(d) Of
The Securities Exchange Act of 1934
For the transition period from ________ to _________
Commission File # 0-16093
(A) Full title of the plan and the address
of the plan, if different from that of
the issuer named below:
CONMED CORPORATION
Retirement Savings Plan
(B) Name of issuer of the securities held
pursuant to the plan and the address
of its principal executive office:
CONMED CORPORATION
310 Broad Street
Utica, New York 13501
SIGNATURES
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of
1934, the Plan Administrator has duly caused this Annual Report to be signed by
the undersigned hereunto duly authorized.
CONMED CORPORATION
Retirement Savings Plan
By: /s/ Robert D. Shallish, Jr.
---------------------------
Robert D. Shallish, Jr.
Vice President - Finance
CONMED Corporation
Date: June 21, 2001
CONMED Corporation
Retirement Savings Plan
Index
Page
Report of Independent Accountants .................................... 1
Financial Statements:
Statements of Net Assets Available for
Benefits at December 31, 2000 and 1999 ....................... 2
Statements of Changes in Net Assets Available for
Benefits for the Year Ended December 31, 2000 and 1999 ....... 3
Notes to Financial Statements .................................... 4-8
Supplemental Schedule: *
Schedule of Assets Held for Investment Purposes
(Schedule H, Part IV, Item (i))at December 31, 2000 .......... 9-25
Consent of Independent Accountants.................................... 26
* Other schedules required by Section 2520.103-10 of the Department of Labor
Rules and Regulations for Reporting and Disclosure under ERISA have been
omitted because they are not applicable.
Report of Independent Accountants
To the Participants and Administrator of
CONMED Corporation Retirement Savings Plan
In our opinion, the accompanying statements of net assets available for benefits
and the related statements of changes in net assets available for benefits
present fairly, in all material respects, the net assets available for benefits
of the CONMED Corporation Retirement Savings Plan (the "Plan") at December 31,
2000 and 1999, and the changes in net assets available for benefits for the
years then ended in conformity with accounting principles generally accepted in
the United States of America. These financial statements are the responsibility
of the Plan's management; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our audits of these
statements in accordance with auditing standards generally accepted in the
United States of America, which require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets held
for investment purposes is presented for the purpose of additional analysis and
is not a required part of the basic financial statements but is supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The supplemental schedule is the responsibility of the Plan's management.
The supplemental schedule has been subjected to the auditing procedures applied
in the audits of the basic financial statements and, in our opinion, is fairly
stated in all material respects in relation to the basic financial statements
taken as a whole.
PricewaterhouseCoopers LLP
Syracuse, New York
May 18, 2001
1
CONMED Corporation
Retirement Savings Plan
Statement of Net Assets Available for Benefits
December 31, 2000 and 1999
- --------------------------------------------------------------------------------
Assets 2000 1999
Investments, at fair value
Mutual Funds $ 39,069,598 $ 42,430,585
Common Collective Trust 9,538,643 12,483,530
Common Stock 7,673,881 6,625,548
Fixed Income Securities -- 76,301
Money Market Funds 4,296,200 9,658,379
Participant Loans 1,565,365 1,550,142
------------ -----------
62,143,687 72,824,485
Receivables:
Employer contributions 4,063 1,384
Accrued interest and dividends 51,823 19,808
------------ -----------
Total assets 62,199,573 72,845,677
------------ -----------
Net Assets Available for Benefits $ 62,199,573 $ 72,845,677
============ ============
The accompanying notes are an integral part of the financial statements.
2
CONMED Corporation
Retirement Savings Plan
Statement of Changes in Net Assets Available for Benefits
Years Ended December 31, 2000 and 1999
- --------------------------------------------------------------------------------
2000 1999
Additions to net assets attributed to:
Investment income:
Interest and dividends $ 5,071,528 $ 3,099,889
Net (depreciation) appreciation in fair
value of investments (12,297,391) 7,743,490
Contributions:
Participants 6,156,112 10,232,397
Employer 2,400,629 2,028,982
Transfers from merged plans -- 50,019,898
------------ ------------
Total additions 1,330,878 73,124,656
------------ ------------
Deductions from net assets attributed to:
Distributions to participants 11,976,982 8,443,018
------------ ------------
Total deductions 11,976,982 8,443,018
------------ ------------
Net (decrease) increase (10,646,104) 64,681,638
Net assets at beginning of year 72,845,677 8,164,039
------------ ------------
Net Assets at End of Year $ 62,199,573 $ 72,845,677
============ ============
The accompanying notes are an integral part of the financial statements.
3
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2000 and 1999
- --------------------------------------------------------------------------------
1. Establishment and Description of Plan
Effective January 1992, CONMED Corporation (the "Company")
established the CONMED Corporation Retirement Savings Plan (the
"Plan"). Effective as of January 1, 1999, the CONMED Corporation
Retirement Savings Plan, the Aspen Laboratories, Inc. Savings and
Investment Plan, and the Linvatec Corporation Savings and Investment
Plan, which were previously separate plans maintained by CONMED
Corporation and its subsidiaries, were merged with and into the
CONMED Corporation Retirement Savings Plan. The Plan is a defined
contribution plan covering all full-time employees of the Company who
meet the applicable age and service requirements set forth in the
Plan document. The Plan is subject to the provisions of the Employee
Retirement Income Security Act of 1974 ("ERISA"). The following brief
description of the Plan is provided for general information purposes
only. Participants should refer to the Plan agreement for more
complete information.
Administration of the Plan
The Company serves as Plan Administrator with full power, authority
and responsibility to control and manage the operation and
administration of the Plan.
Contributions
A participant could contribute up to 16 percent of his or her annual
compensation, as defined, up to a maximum of $10,000 per year on a
pretax basis for 2000 and 1999. The Company matches 50 percent of
each participant's contribution of up to a maximum of 6 percent of
participant compensation. Forfeitures of terminated participants'
non-vested accounts reduce employer contributions.
Contributions for the 1999 plan year include approximately $4,900,000
in transfers from a plan sponsored by a business acquired by the
Company.
Participant Accounts
Each participant's account is credited with the participant's
contribution and allocation of (a) the Company's contribution and (b)
Plan earnings. Allocations are based on participant earnings or
account balances, as defined. The benefit to which a participant is
entitled is the benefit that can be provided from the participant's
account.
Vesting
Each participant is immediately vested in his or her voluntary
contributions plus earnings thereon. A participant becomes vested in
the remainder of his or her account upon the completion of five years
of service.
Investment Options
A participant may direct contributions (in five percent increments)
to any of eleven investment options, as described by the plan
administrator:
CONMED Stock Fund - Funds are primarily invested in the common stock
of the Company.
FAM Value Fund - Funds are primarily invested in the Fenimore Asset
Management Fund.
4
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2000 and 1999
- --------------------------------------------------------------------------------
1. Establishment and Description of Plan (Continued)
Investment Options (Continued)
Equity Income Fund - Invests in the Fidelity Equity Income Fund.
This mutual fund seeks reasonable income by investing at least
65% of its total assets in income-producing equity.
Investment Grade Bond Fund - Invests in the Fidelity Investment
Grade Bond Fund. This mutual fund seeks a high level of current
income by investing in U. S. dollar denominated investment-grade
bonds.
Low-Priced Stock Fund - Invests in the Fidelity Low-Priced Stock
Fund. This mutual fund seeks capital appreciation by investing
mainly in low-priced common stocks ($35 or less at the time of
purchase).
Retirement Money Market Fund - Invests in the Fidelity Money
Market Trust: Retirement Money Market Portfolio. This mutual fund
seeks to earn a high level of current income while maintaining a
stable $1.00 share price by investing in high-quality, short-term
securities.
Managed Income Portfolio Fund - Invests in the Fidelity Managed
Income Portfolio. The portfolio seeks preservation of capital and
a competitive level of income over time by investing in short and
long-term investment contracts issued by insurance companies.
U.S. Equity Index Fund - Invests in the Spartan U.S. Equity Index
Fund. This mutual fund seeks a total return which corresponds to
that of the Standard & Poor's 500 Index by attempting to
duplicate the composition and total return of the S&P 500.
Puritan Fund - Invests in the Fidelity Puritan Fund. The Fund
seeks income and capital growth consistent with reasonable risk
by investing approximately 60% of assets in stocks and other
equity securities and the remainder in bonds and other debt
securities.
Aggressive Growth Fund - Invests in the Fidelity Aggressive
Growth Fund. The Fund seeks capital appreciation by investing
primarily in common stocks of domestic and foreign issuers that
offer the potential for accelerated earnings or revenue growth.
Diversified International Fund - Invests in the Fidelity
Diversified International Fund. This Fund seeks capital growth by
normally investing at least 65% of total assets in foreign
securities.
Loans
A participant may obtain a loan between $500 and $50,000, limited to
fifty percent of his or her vested account balance. Each loan bears
interest at prime plus 1% and is secured by a lien on the borrowing
participant's plan account. Repayment is required over a period not
to exceed five years or up to 15 years where the loan is for the
purchase of a primary residence. Loan repayments are allocated among
the eleven investment options consistent with the participant's
contribution investment election.
5
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2000 and 1999
- --------------------------------------------------------------------------------
1. Establishment and Description of Plan (Continued)
Payment of Benefits
Participants or their beneficiaries are eligible to receive benefits
under the Plan upon normal retirement, death, total and permanent
disability or termination for any reason other than those previously
mentioned. Benefits are payable in accordance with Plan provisions.
Inactive Accounts
As of December 31, 2000 and 1999 plan assets included approximately
$4,325,000 and $6,965,000, respectively, in amounts allocated to
accounts of persons who have withdrawn from the Plan, due to
termination, retirement or disability, but for which disbursement of
funds has not occurred.
Plan Termination
While the Company anticipates and believes that the Plan will
continue, it reserves the right to discontinue the Plan subject to
the provisions of ERISA. In the event of Plan termination,
participants will become 100 percent vested in their accounts.
2. Significant Accounting Policies
Basis of Accounting
The accounts of the Plan are maintained on the accrual basis of
accounting in accordance with accounting principles generally
accepted in the United States.
Valuation of Investments
Investments are stated at fair value. The Company stock is valued at
its quoted market price. Mutual fund investments are valued at the
net asset value, representing the value at which shares of the fund
may be purchased or redeemed. Investments in common collective trust
funds are valued at the net asset value of shares held by the trust
as determined by the investment manager.
Interest income is recorded on the accrual basis and dividends are
recorded as of the ex-dividend date.
Contributions
Participant contributions and matching employer contributions are
recorded in the period during which the Company makes payroll
deductions from the participants' earnings.
Administrative Expenses
All administrative expenses, including accounting, legal and trustee
fees are paid by the Company.
6
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2000 and 1999
- --------------------------------------------------------------------------------
2. Significant Accounting Policies (Continued)
Use of Estimates
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the
reported amounts of net assets available for plan benefits and
disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of additions to and
deductions from net assets during the reporting period. Actual
results could differ from those estimates.
Risks and Uncertainties
The Plan provides for various investment options in any combination
of eleven funds. Investment securities are exposed to various risks,
such as interest rate, market and credit. Due to the level of risk
associated with certain investment securities and the level of
uncertainty related to changes in the value of investment securities,
it is at least reasonably possible that changes in risks in the near
term would materially affect participants' account balances and the
amounts reported in the statement of net assets available for
benefits and the statement of changes in net assets available for
benefits.
3. Income Tax Status
The trust established under the Plan to hold the Plan's assets is
qualified pursuant to the appropriate section of the Internal Revenue
Code, and, accordingly, the trust's net investment income is exempt
from income taxes. The Plan has obtained a favorable tax
determination letter, dated June 20, 1995, from the Internal Revenue
Service and the Plan administrator believes that the Plan continues
to qualify and to operate as designed.
7
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2000 and 1999
- --------------------------------------------------------------------------------
4. Investments
Fidelity Investments Institutional Operations Company, Inc.
("Fidelity") is the trustee of the Plan. As trustee, Fidelity holds
the Plan's investment assets and executes investment transactions.
Investments representing 5% or more of the net assets available for
plan benefits at December 31, 2000 consist of the following: Current
Units Value
Fidelity Equity Income Fund 111,060 $ 5,933,949
Fidelity Aggressive Growth Fund 432,931 15,659,118
Fidelity Retirement Money Market Fund 4,202,140 4,202,140
Fidelity Managed Income Portfolio 9,538,643 9,538,643
Spartan U.S. Equity Index Fund 184,161 8,620,575
Fidelity Investment Grade Bond Fund 439,924 3,149,856
Net depreciation in the fair value of investments for the year ended
December 31, 2000 was as follows:
Mutual funds $ (9,760,736)
Common stocks (2,536,655)
---------------
$(12,297,391)
5. Transactions with Parties-in-Interest
As of December 31, 2000 and 1999, the Plan held certain securities
issued by the Company as follows:
December 31, 2000 December 31, 1999
----------------- -----------------
Number Fair Number Fair
of Shares Value of Shares Value
CONMED Corp.
Common Stock 87,747 $ 1,502,667 73,875 $ 1,911,516
8
CONMED Corporation Schedule I
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
December 31, 2000
- --------------------------------------------------------------------------------
Fair
Identity of Issue/Description of Investment Units Value
Mutual Funds:
FAM Value Fund 19,644 $ 642,347
Fidelity Puritan Fund 90,981 1,713,166
Fidelity Equity Income Fund 111,060 5,933,949
Fidelity Investment Grade Bond Fund 439,924 3,149,856
Fidelity Low-Priced Stock Fund 81,515 1,884,622
Fidelity Aggressive Growth Fund 432,931 15,659,118
Fidelity Diversified International Fund 66,817 1,465,965
Spartan U.S. Equity Index Fund 184,161 8,620,575
-----------
39,069,598
Collective Trust:
Fidelity Managed Income Portfolio 9,538,643 9,538,643
Common Stock:
CONMED Corporation ** 87,747 1,502,667
Held in Brokerage Link Account * * 6,171,214
-----------
7,673,881
Money Market Funds:
Fidelity Retirement Money Market Fund 4,202,140 4,202,140
Interest Bearing Cash Accounts 94,060 94,060
-----------
4,296,200
Participant Loans:
Various interests and maturities 1,565,365
-----------
$62,143,687
===========
* See pages 10-25 for detail of common stocks held in the brokerage link
account.
** Denotes party-in-interest
9
- --------------------------------------------------------------------------------
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
Cash 0 44-
ACE LTD 200 8,487
APEX SILVER MINES LTD 200 1,675
CHINA COM CORPORATION 200 900
XCELERA COM INC 100 368
TRANSOCEAN SEDCO FORFX 19 874
FLEXTRONICS INTL LTD 232 6,612
PACIFIC INTERNET LTD 100 240
PACIFIC CENTURN CYBERWORKS 500 323
ADC TELECOMMUNICATIONS INC 200 3,625
AT & T CORP 54 931
ACCLAIM ENTMT INC 2,940 1,011
ADVANCED MICRO DEVICES INC 160 2,210
AGILENT TECH INC 276 15,111
ALBANY MOLECULAR RESH INC 200 12,325
AMAZON.COM INC 25 389
AMERICA ONLINE INC 676 23,524
10
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
AMERICAN CENTY TRGT MATS 180 11,841
AMERICAN CENTY TRGT MATS 1,030 39,567
AMERICAN COMMUNICATIONS 101,500 9,744
AMERICAN EXPRESS CO 150 8,240
AMERICAN INTL GROUP INC 250 24,640
AMERINDO FDS INC 247 2,888
AMGEN INC 100 6,393
AMPLIDYNE INC 75 89
AMYLIN PHARMACEUTICALS INC 100 787
ANTS SOFTWARE 169 448
APPLEBEES INTL INC 200 6,287
APPLIED INNOVATION INC 3,800 32,539
APPLIED DIGITAL SOLUTIONS INC 699 480
APPLIED MATERIALS INC 10 381
ARIBA INC 25 1,340
ARTISAN INTL FUND 985 21,573
ASK JEEVES INC 50 121
11
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
AT HOME CORP 41 226
ATMEL CORP 1,000 11,625
AVAYA INC 71 732
BALLARD PWR SYS INC 87 5,494
BANK ONE CORP 5 183
BED BATH & BEYOND INC 800 17,900
BERKSHIRE FOCUS FUND 103 3,446
BERKSHIRE TECHNOLOGY 996 8,018
BEYOND COM CORP 1,300 202
BIOMIRA INC 150 806
BLUE WAVE SYS INC 200 862
BRISTOL MYERS SQUIBB CO 17,228 1,273,803
BROADBAND HOLDER TR 100 4,556
BROADCOM CORP 20 1,680
BROADVISION INC 1,045 12,344
CMG INFORMATION SVCS INC 1,650 9,230
CALYPTE BIOMEDICAL CORP 3,500 3,664
CARDINAL HEALTH INC 100 9,962
12
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
Catalina Marketing Corp 150 5,840
Centura Software Corp 50 39
Ciena Corp 50 4,062
Cisco Sys Inc 5,468 209,151
CitIGroup Inc 341 17,412
Clear Net Inc 3,315 4,353
Coca-Cola Bottling Co Consolidated 58 2,197
Commerce One Inc 1,453 36,780
Corning Inc 960 50,700
Covad Communications Group I 500 828
Credence Sys Corp 150 3,450
Cryo-cell intl inc 725 1,677
DATARAM CORP 200 2,325
DELL COMPUTER CORP 10 174
DIAMOND OFFSHORE DRILLING INC 300 12,000
DICOM IMAGING SYS INC 800 225
13
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
DIGITAL LIGHTWAVE INC 600 19,013
WALT DISNEY COMPANY 100 2,894
DOUBLECLICK 158 1,738
DOVER DOWNS ENTMT INC 100 1,119
DREYFUS EMERGING LEADERS FUND 530 20,993
E M C CORP MASS 100 6,650
ELAN PLC ADR 300 14,044
ELANTEC SEMICONDUCTOR INC 50 1,388
EMACHINES INC 1,150 431
ENGINEERING MEASUREMENTS CO 330 2,310
ENRON CORP 300 24,938
ETOYS INC 200 38
EXTREME NETWORKS INC 118 4,617
FAIRFIELD CMNTYS INC 200 2,813
F5 NETWORKS INC 250 2,375
FIDELITY JAPAN FUND 170 2,341
FIDELITY CASH RESERVES 1,328,443 1,328,443
FIDELITY FINL TR CONV SECS FD 1,172 24,364
14
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
FIDELITY FREEDOM 2020 FUND 315 4,584
FIDELITY GROWTH COMPANY FUND 99 7,038
FIDELITY AGGRESSIVE GROWTH FUND 387 14,012
FIDELITY BLUE CHIP GROWTH FUND 80 4,130
FIDELITY DIVIDEND GROWTH FUND 816 24,443
FIDELITY SELECT TECHNOLOGY 458 40,654
FIDELITY SELECT NAT GAS FUND 955 23,218
FIDELITY SELECT ENERGY SERVICES 143 5,347
FIDELITY SELECT BIOTECHNOLOGY FUND 382 33,130
FIDELITY SELECT BRKG & INVEST FUND 438 23,294
1ST MIRACLE GROUP INC 68,000 340
FORD MTR CO 1,000 23,438
FOTOBALL USA INC 100 113
FOUNDRY NETWORKS 300 4,500
FUSION MED TECHNOLOGIES INC 1,500 6,000
GEMSTAR-TV GUIDE INTL INC 300 13,838
GENENTECH INC 400 32,600
GENERAL ELECTRIC CO 1,732 83,044
15
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
GENOME THERAPEUTICS CORP 100 697
GENUITY INC 100 506
GENZYME CORP 60 551
GENZYME CORP 335 2,910
GLOBALNET FINCL.COM RTS 500 750
GUCCI GROUP N V 66 5,841
HANDSPRING INC 100 3,894
HARBOR FD CAP APPRECIATION FD 1,018 36,215
HARLEY DAVIDSON INC 1,200 47,700
HARMONIC LIGHTWAVES INC 75 427
HARRIS ASSOC OAKMARK SELECT FUND 2,636 57,059
HARVARD SCIENTIFIC CORP 3,800 494
HEWLETT PACKARD CO 800 25,250
HIGH SPEED NET SOLUTIONS INC 50 80
HOME DEPOT INC 240 10,965
HONEYWELL INTL INC 200 9,463
16
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
HYDROGIENE CORP 9,250 194
IPS FDS MILLENNIUM FD 101 5,237
IMAGEX COM INC 20 21
IMMUNEX CORP 500 20,313
INKTOMI CORP 400 7,150
INTEGRA LIFESCIENCES CORP 46 627
INTEL CORP 5,139 154,500
INTERIORS INC CL A 5,000 400
INTERNATIONAL BUSINESS MACH 1,206 102,483
INTERNATIONAL SPEEDWAY CORP 100 3,800
INTERNET CAPITAL GROUP INC 379 1,244
INTUIT 200 7,888
INVESCO TELECOMM #39 N/C 360 13,058
ISLE OF CAPRIS CASINO 1,250 13,281
I2 TECHNOLOGIES INC 100 5,438
IVAX CORP 25 958
JDS UNIPHASE CORP 451 18,801
17
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
JABIL CIRCUIT INC 4,837 122,739
JANUS STRATEGIC VALUE FUND 4,669 49,114
JANUS OLYMPUS FUND 93 3,814
JOHNSON & JOHNSON 550 57,785
JUNIPER NETWORKS INC 12 1,513
LL KNICKERBOCKER INC 50,000 2,650
KROGER CO 200 5,413
LSI LOGIC CORPORATION 265 4,529
LATTICE SEMICONDUCTOR CORP 344 6,321
LEAR CORP 200 4,963
LEVEL3 COMMUNICATIONS INC 200 6,563
LILLY ELI & CO 40 3,723
LOCH HARRIS INC 2,300 145
LOOMIS SAYLES BOND FUND 2,282 25,237
LUCENT TECHNOLOGIES INC 1,235 16,673
MRV COMMUNICATIONS INC 100 1,338
MANAGERS FDS BOND FD 1,181 25,680
18
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
MARIMBA INC 100 450
MATTEL INC 100 1,444
MECHANICAL TECHNOLOGY INC 300 1,050
MEDIMMUNE INC 100 4,769
MEDTRONIC INC 650 39,244
MERCK & CO INC 700 65,538
MERRILL LYNCH & CO INC 25,000 23,569
METRICOM INC 300 3,019
METROCALL INC 1,500 704
MICROSOFT CORP 526 22,815
MILLNNIUM CELL INC 100 1,025
MINNESOTA MNG & MFT CO 3 362
MIRAVANT MED TECHNOLOGIES 952 8,836
MONTGOMERY US FDS II GLBL LS CL R 666 10,180
MOTOROLA INC 1,710 34,628
MUTUALFIRST FINL INC 1,000 14,750
NABI 1,000 4,625
19
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
NQL INC 1,000 563
NABORS INDS INC 100 5,915
NANOPHASE TECHNOLOGIES CORP 10 110
NASDAQ 100 TR UNIT SER 1 188 10,975
NEOFORMA COM INC 400 325
NETGATEWAY INC 4,000 624
NEW PLAN EXCEL RLTY TR INC 300 3,938
NEXELL THERAPEUTICS INC 50 152
NOKIA CORP SPONSORED ADR 1,352 58,812
NORTEL NETWORKS CORP 402 12,889
NOVELL INC 50 261
WHITE OAK GROWTH STOCKFUND 14 870
RED OAK TECH SELECT FND 799 17,408
ONYX PHARMACEUTICALS INC 60 893
OPENWAVE SYS INC 100 4,794
ORACLE SYS CORP 2,010 58,417
20
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
ORATEC INTERVENTIONS INC 1,000 5,125
ORGINAL MEDIA 23,000 184
P-COM INC 238 729
PLX TECHNOLOGY INC 100 831
PMC-SIERRA INC 200 15,725
PALM INC 7 198
PARADYN CORP 300 544
PARAMETRIC TECHNOLOGY CORP 100 1,344
PEPSICO INC 102 5,055
PETROLEUM GEO SVCS A/S SPONSORED ADR 500 6,657
PFIZER INC 4,850 223,100
PHARMACEUTICAL HOLDERS TR
DEPOSITARY RCPT 300 34,275
PHILIP MORRIS COS INC 35 1,540
PLANTRONICS INC 175 8,225
PRICELINE COM INC 50 66
PRIMUS TELECOMM GROUP INC 5 12
21
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
PUMA TECHNOLOGY INC 5,850 24,313
QLOGIC CORP 790 60,830
QUALCOMM INC 1,094 89,914
RAMBUS INC 790 28,539
RAYTHEON CO CL B 100 3,106
RAZORFISH INC CL A 1,770 2,876
REALNETWORKS INC 100 869
RED HAT INC 750 4,688
RITE AID CORP 2,000 4,750
SAP AG ADR 100 3,369
SCHLUMBERGER LTD 100 7,994
SCHWAB CHARLES CORP 850 24,119
SELECTED AMERN SHS INC 1,264 44,647
SEMTECH CORP 200 4,413
SEVEN SEAS PETE INC 900 1,238
SHOWCASE CORP 100 706
22
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
SILICON VY RESH INC 2,000 250
SIRIUS SATELLITE RADIO INC 154 4,610
SPRINT CORP 25 508
STRONG EQUITY FDS INC ENTERPRISE FD 646 18,333
SUN MICROSYSTEMS INC 2,121 59,123
SUNBEAM-OSTER INC 320 100
SUPERCONDUCTOR TECHNOLOGIES 90 326
SYCAMORE NETWORKS INC 200 7,450
SYMANTEC CORP 1,000 33,375
SYSCO CORP 200 6,000
TANISYS TECHNOLOGY INC 625 332
TELAXIS COMMUNICATIONS CORP 150 272
TELIGENT INC CL A 50 97
TEXACO INC 100 6,213
TEXAS INSTRUMENTS INC 2,335 110,621
3DFX INTERACTIVE INC 200 50
3COM CORP 1,145 9,733
TIME WARNER INC 50 2,612
23
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
- -------------------- ------ ----------
TOO INC 30 375
TRACK DATA CORP 1,667 1,199
TRANSWITCH CORP 45 1,761
TRICON GLOBAL RESTAURANTS 150 4,950
TURNER MIDCAP FUND 1,142 34,946
TYCO INTL LTD 340 18,870
UNITED PARCEL SVC INC CL B 120 7,050
UNIVISION COMMUNICATIONS INC CL A 300 12,281
VAN WAGONER POST VENTURE FUND 444 11,769
VERIZON COMMUNICATIONS 250 12,531
VERTEL CORP 25 59
VERTICAL COMPUTER SYS INC 2,760 138
VIROPHARMA INC 27 391
WAL MART STORES INC 1,050 55,781
WAVE SYSTEMS CORP CL A 139 626
WELLS FARGO & CO 200 11,138
24
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2000
Security Description Shares Fair Value
WESTLL TECHNOLOGIES INC CL A 75 230
WIND RIV SYS INC 100 3,413
WORLDCOM INC GA 3,120 43,877
YAHOO INC 113 3,397
---------
TOTAL ACCOUNT MARKET VALUE 6,171,214
=========
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EXHIBIT
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 33-23514, 33-40455, 33-49422, 33,49526, 33-58119,
33-87746, 333-48693, and 333-74497) of CONMED Corporation of our report dated
May 18, 2001 relating to the financial statements of CONMED Corporation
Retirement Savings Plan, which appears in this Form 11-K.
PricewaterhouseCoopers LLP
Syracuse, NY
June 21, 2001
26