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, 2001 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 525 French Road Utica, New York 13502SIGNATURES 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: Robert D. Shallish, Jr. ---------------------------- Robert D. Shallish, Jr. Vice President - Finance CONMED Corporation Date: June 21, 2002
CONMED Corporation Retirement Savings Plan Index Page Report of Independent Accountants ...................................... 1 Financial Statements: Statements of Net Assets Available for Benefits at December 31, 2001 and 2000 ........................... 2 Statements of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2001 and 2000 ........... 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, 2001 .............. 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, 2001 and 2000, 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 17, 2002 1
CONMED Corporation Retirement Savings Plan Statement of Net Assets Available for Benefits December 31, 2001 and 2000 - -------------------------------------------------------------------------------- Assets 2001 2000 ---- ---- Investments, at fair value Mutual Funds $ 35,847,929 $ 40,874,660 Common Collective Trust 10,543,240 9,538,643 Common Stock 6,478,797 5,868,819 Money Market Funds 4,462,964 4,296,200 Participant Loans 1,774,881 1,565,365 ------------ ------------ 59,107,811 62,143,687 Receivables: Employer contributions -- 4,063 Accrued interest and dividends 59,775 51,823 ------------ ------------ Total assets 59,167,586 62,199,573 ------------ ------------ Net Assets Available for Benefits $ 59,167,586 $ 62,199,573 ============ ============ 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, 2001 and 2000 - -------------------------------------------------------------------------------- 2001 2000 Additions to net assets attributed to: Investment income: Interest and dividends $ 1,749,025 $ 5,071,528 Net (depreciation) appreciation in fair value of investments (8,775,315) (12,297,391) Contributions: Participants 5,668,100 6,156,112 Employer 1,730,330 2,400,629 ------------ ------------ Total additions 372,140 1,330,878 ------------ ------------ Deductions from net assets attributed to: Distributions to participants 3,404,127 11,976,982 ------------ ------------ Total deductions 3,404,127 11,976,982 ------------ ------------ Net (decrease) increase (3,031,987) (10,646,104) Net assets at beginning of year 62,199,573 72,845,677 ------------ ------------ Net Assets at End of Year $ 59,167,586 $ 62,199,573 ============ ============ The accompanying notes are an integral part of the financial statements. 3
CONMED Corporation Retirement Savings Plan Notes to Financial Statements December 31, 2001 and 2000 - -------------------------------------------------------------------------------- 1. Establishment and Description of Plan Effective January 1992, CONMED Corporation (the "Company") established the CONMED Corporation Retirement Savings Plan (the "Plan"). The Plan is a defined contribution plan covering all full-time employees of the Company and its subsidiaries 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 $10,500 per year on a pretax basis for 2001 and 2000. 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. 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 twelve 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, 2001 and 2000 - -------------------------------------------------------------------------------- 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 - This common collective trust 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. Brokerage Link Accounts - Invests in individual common stocks, bonds or mutual funds as directed by individual participants. 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 twelve investment options consistent with the participant's contribution investment election. 5
CONMED Corporation Retirement Savings Plan Notes to Financial Statements December 31, 2001 and 2000 - -------------------------------------------------------------------------------- 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. 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, 2001 and 2000 - -------------------------------------------------------------------------------- 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 twelve 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, as amended, continues to qualify and to operate as designed. 7
CONMED Corporation Retirement Savings Plan Notes to Financial Statements December 31, 2001 and 2000 - -------------------------------------------------------------------------------- 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, 2001 consist of the following: Current Units Value Fidelity Equity Income Fund 124,592 $ 6,076,371 Fidelity Aggressive Growth Fund 447,217 8,506,069 Fidelity Retirement Money Market Fund 4,322,135 4,322,135 Fidelity Managed Income Portfolio Fund 10,543,240 10,543,240 Spartan U.S. Equity Index Fund 179,553 7,297,046 Fidelity Investment Grade Bond Fund 533,702 3,917,372 Net depreciation in the fair value of investments for the year ended December 31, 2001 was as follows: Mutual funds $ (8,719,805) Common stocks (55,510) ----------------- $ (8,775,315) ================= 5. Transactions with Parties-in-Interest As of December 31, 2001 and 2000, the Plan held certain securities issued by the Company as follows: December 31, 2001 December 31, 2000 ------------------------ -------------------------- Number Fair Number Fair of Value of Value Shares Shares CONMED Corp. Common Stock 132,095 $ 2,636,616 87,747 $ 1,502,667 8
CONMED Corporation Schedule I Retirement Savings Plan Schedule of Assets Held for Investment Purposes December 31, 2001 - -------------------------------------------------------------------------------- Fair Identity of Issue/Description of Investment Units Value FAM Value Fund 29,793 $ 1,077,611 Fidelity Puritan Fund 147,550 2,607,210 Fidelity Equity Income Fund 124,592 6,076,371 Fidelity Investment Grade Bond Fund 533,702 3,917,372 Fidelity Low-Priced Stock Fund 107,764 2,954,884 Fidelity Aggressive Growth Fund 447,217 8,506,069 Fidelity Diversified International Fund 68,955 1,315,659 Spartan U.S. Equity Index Fund 179,553 7,297,046 Fidelity Managed Income Portfolio 10,543,240 10,543,240 CONMED Corporation ** 132,095 2,636,616 Held in Brokerage Link Account * * 5,937,887 Fidelity Retirement Money Market Fund 4,322,135 4,322,135 Interest Bearing Cash Accounts 140,829 140,829 Participant loans, various interest rates and maturities 1,774,881 ---------- $59,107,810 ========== * See pages 10-25 for detail of assets 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, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- ACE LTD 200 $ 8,030 APEX SILVER MINES LTD 200 2,000 XCELERA COM INC 100 205 TRANSOCEAN SEDCO FORFX 19 643 PACIFIC CENTURN CYBERWORKS 500 138 ADC TELECOMMUNICATIONS INC 250 1,150 AOL TIME WARNER 1,828 58,679 AT & T CORP 54 980 A T & T WIRELESS 17 244 ACCLAIM ENTMT INC 201 1,065 ACTRADE FINL 80 2,356 ADVANCED MICRO DEVICES INC 160 2,538 AGILENT TECH INC 276 7,869 10
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- AMERICAN CENTY TRGT MATS 772 29,238 AMERICAN EXPRESS CO 150 5,354 AMERICAN INTL GROUP INC 250 19,850 AMERINDO FDS INC 247 1,422 AMGEN INC 100 5,644 AMPLIDYNE INC 75 59 AMYLIN PHARMACEUTICALS INC 100 914 ANADARKO PETE CORP 200 11,370 ANTS SOFTWARE 169 289 APPLIED DIGITAL SOLUTIONS INC 699 301 APPLIED MICRO CIRCUITS 175 1,981 APPLIED MATERIALS INC 10 401 ARIBA INC 125 770 ARTISAN INTL FUND 1,117 20,514 ASK JEEVES INC 50 170 11
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- AT HOME CORP 41 -- ATMEL CORP 1,000 7,370 AVANTGO INC 400 700 AVAYA INC 68 826 BANK ONE CORP 5 195 BARR LABS INC 600 47,616 BEA SYS INC 200 3,080 BED BATH & BEYOND INC 105 3,560 BEYOND COM CORP 86 108 BIOMIRA INC 150 630 BORG WARNER AUTOMOTIVE 300 15,675 BRISTOL MYERS SQUIBB CO 17,453 890,103 BROADBAND HOLDER TR 100 1,650 BROADCOM CORP 20 817 BROADVISION INC 3,075 8,426 CMG INFORMATION SVCS INC 1,650 2,690 CALAMOS INVT TR 22,308 304,962 CALYPTE BIOMEDICAL CORP 2,500 463 CARDINAL HEALTH INC 150 9,699 12
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- Catalina Marketing Corp 150 5,205 Centura Software Corp 50 0 CHEVRONTEXACO CORP 77 6,900 Ciena Corp 550 7,871 Cisco Sys Inc 7,043 127,549 CitIGroup Inc 341 17,214 Coca-Cola Bottling Co Consolidated 58 2,196 Commerce One Inc 1,485 5,301 COREL CORP 500 950 Corning Inc 300 2,676 Cryo-cell intl inc 725 3,553 DELL COMPUTER CORP 560 15,221 DIAMOND OFFSHORE DRILLING INC 300 9,120 13
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- DIGITAL LIGHTWAVE INC 3,815 35,785 WALT DISNEY COMPANY 200 4,144 DOUBLECLICK 158 1,792 DOVER DOWNS ENTMT INC 100 1,530 DREYFUS EMERGING LEADERS FUND 973 33,817 DREYFUS INTL FDS 3,373 38,245 DURBAN ROODEPOORT DEEP LTD 1,225 1,691 E M C CORP MASS 325 4,360 EAGLE WIRELESS INTL INC 2,652 1,618 EDULINK INC 30,000 390 ELAN PLC ADR 300 13,518 EMACHINES INC 1,150 1,173 ENRON CORP 300 7,380 ETOYS INC 200 1 EXODUS COMMUNICATIONS INC 400 4 F5 NETWORKS INC 250 5,385 FIDELITY JAPAN FUND 170 1,549 FIDELITY CASH RESERVES 1,640,281 1,640,234 FIDELITY FINL TR CONV SECS FD 2,446 48,667 14
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- FIDELITY INCOME FD GINNIE MAE 6,929 75,254 FIDELITY FREEDOM 2020 FUND 476 5,989 FIDELITY GROWTH COMPANY FUND 99 5,256 FIDELITY AGGRESSIVE GROWTH FUND 388 7,388 FIDELITY BLUE CHIP GROWTH FUND 80 3,447 FIDELITY DIVIDEND GROWTH FUND 1,579 44,724 FIDELITY SELECT TECHNOLOGY 458 27,768 FIDELITY SELECT BIOTECHNOLOGY FUND 422 27,493 FIDELITY SELECT BRKG & INVEST FUND 477 21,178 FORD MTR CO 1,000 15,720 FOTOBALL USA INC 100 330 FOUNDRY NETWORKS 300 2,445 FUSION MED TECHNOLOGIES INC 4,500 25,785 GEMSTAR-TV GUIDE INTL INC 300 8,310 GENENTECH INC 400 21,700 GENERAL DYNAMICS CORP 200 15,928 GENERAL ELECTRIC CO 1,437 57,583 15
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- GENOME THERAPEUTICS CORP 100 681 GENUITY INC 100 158 GENZYME CORP 60 480 GILLETTE CO 150 5,010 GLOBALNET FINCL.COM RTS 0 9,082 GUCCI GROUP N V 66 5,603 HANDSPRING INC 100 674 HANOVER DIRECT 10,000 3,700 HARBOR FD CAP APPRECIATION FD 1,019 29,791 HARLEY DAVIDSON INC 1,200 65,172 HARMONIC LIGHTWAVES INC 75 902 HARRIS ASSOC OAKMARK SELECT FUND 2,640 71,927 HARVARD SCIENTIFIC CORP 3,800 19 HEWLETT PACKARD CO 800 16,432 HIGH SPEED NET SOLUTIONS INC 50 83 HOME DEPOT INC 240 12,242 HONEYWELL INTL INC 200 6,764 16
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- HYDROGIENE CORP 9,250 4,125 IMAGEX COM INC 20 15 INFOSPACE COM 7,294 14,953 INHALE THERAPEUTICC SYS 30 557 INKTOMI CORP 800 5,368 INTEGRA LIFESCIENCES CORP 81 2,134 INTEL CORP 2,950 92,769 INTERIORS INC CL A 5,000 20 INTERNATIONAL BUSINESS MACH 1,206 145,930 INTERNATIONAL SPEEDWAY CORP 100 3,910 INTERNET CAPITAL GROUP INC 330 399 INTERNET PICTURES CORP 300 633 INTERNET SEC SYS INC 100 3,206 INVESCO TELECOMM #39 N/C 360 5,982 IVAX CORP 531 10,694 JDS UNIPHASE CORP 444 3,854 17
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- JABIL CIRCUIT INC 1,542 35,034 JANUS OLYMPUS FUND 93 2,591 JOHNSON & JOHNSON 1,200 70,920 JUNIPER NETWORKS INC 175 3,316 KEITHLEY INSTRS INC 100 1,690 KENDLE INTL INC 900 18,144 LSI LOGIC CORPORATION 265 4,182 L-3 COMMUNICATIONS HLDGS INC 150 13,500 LEAR CORP 200 7,628 LEVEL3 COMMUNICATIONS INC 100 500 LILLY ELI & CO 40 3,142 LOCH HARRIS INC 2,300 71 LOCKHEED MARTIN CORP 200 9,334 LOOMIS SAYLES BOND FUND 3,781 39,473 LOWES COMPANIES INC 500 23,205 LUCENT TECHNOLOGIES INC 1,198 7,547 MANAGERS FDS BOND FD 2,103 46,934 18
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- MARIMBA INC 100 338 MCDATA CORP 1 25 MEDIMMUNE INC 100 4,635 MEDTRONIC INC 350 17,924 MERCK & CO INC 200 11,760 MERGER FD SH BEN INT 672 9,923 MERRILL LYNCH & CO INC 25,000 25,034 METROCALL INC 2,700 65 MICROSOFT CORP 544 36,040 MINNESOTA MNG & MFT CO 3 355 MIRACLE ENTMT INC 16,628 416 MIRAVANT MED TECHNOLOGIES 1,452 13,954 MONTGOMERY US FDS II GLBL LS CL R 666 7,943 MOTOROLA INC DTD 10,000 9,848 MOTOROLA INC 1,948 29,259 NABI 1,000 10,320 19
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- NQL INC 1,000 60 NGR ENERGY INC 300 4,650 NX NETWORKS INC 50 1 NABORS INDS INC 100 3,433 NANOPHASE TECHNOLOGIES CORP 10 59 NASDAQ 100 TR UNIT SER 1 463 18,015 NEOFORMA COM INC 40 1,166 NETGATEWAY INC 4,000 1,320 NEW PLAN EXCEL RLTY TR INC 300 5,715 NOKIA CORP SPONSORED ADR 1,202 29,485 NORTEL NETWORKS CORP 402 2,999 NORTHEAST INVS TR 3,481 25,868 NORTHROP GRUMMAN CORP 150 15,122 NOVELL INC 50 230 WHITE OAK GROWTH STOCKFUND 14 530 ONYX PHARMACEUTICALS INC 60 307 OPENWAVE SYS INC 100 979 ORACLE SYS CORP 2,710 37,425 20
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- ORATEC INTERVENTIONS INC 1,000 6,470 ORGINAL MEDIA 23,000 23 PLX TECHNOLOGY INC 100 1,261 PMC-SIERRA INC 1,300 27,638 PALM INC 207 803 PARADYNE CORP 300 1,170 PARAMETRIC TECHNOLOGY CORP 100 781 PEPSICO INC 102 4,966 PETROLEUM GEO SVCS A/S SPONSORED ADR 500 3,980 PFIZER INC 3,800 151,430 PHILIP MORRIS COS INC 165 7,565 PLANTRONICS INC 175 4,487 PRIMUS TELECOMM GROUP INC 5 3 21
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value PUMA TECHNOLOGY INC 15,000 38,700 QLOGIC CORP 790 35,163 QUALCOMM INC 836 42,218 RAMBUS INC 390 3,116 RAYTHEON CO CL B 100 3,247 RAZORFISH INC CL A 1,270 279 REALNETWORKS INC 100 594 REALITY WIRELESS NETWORKS INC 29 7 RED HAT INC 750 5,325 REGISTER INC 100 1,150 REYNOLDS R J INC 300 16,890 RYDEX SER TR 173 8,011 SPSS INC 33 586 SRI/SURGICAL EXPRESS INC 500 8,000 SANDISK CORP 100 1,440 SAP AG ADR 100 3,193 SCHLUMBERGER LTD 100 5,495 SCHWAB CHARLES CORP 750 11,603 SELECTED AMERN SHS INC 1,280 39,658 SEZENA SOFTWARE INC 100 2,174 SHAMAN PHARMACEUTICALS 44,070 264 22
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- SHE GOT NETWORK INC 700 0 SILICON VY RESH INC 2,000 160 SIRIUS SATELLITE RADIO INC 154 1,791 SONIC AUTOMOTIVE INC 800 18,752 SPRINT CORP 25 502 STRONG EQUITY FDS INC ENTERPRISE FD 1,062 23,515 SUN MICROSYSTEMS INC 1,921 23,628 SUNBEAM-OSTER INC 320 16 SUPERCONDUCTOR TECHNOLOGIES 190 1,235 SYCAMORE NETWORKS INC 100 536 TARGET CORP 500 20,525 TELAXIS COMMUNICATIONS CORP 150 108 TELIGENT INC CL A 50 0 TEXAS INSTRUMENTS INC 1,200 33,600 THERMOELASTIC TECH INC 7,000 420 3DFX INTERACTIVE INC 200 96 3COM CORP 1,105 7,050 TITAN CORP 100 2,495 23
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value - -------------------- ------ ---------- TOO INC 30 825 TRICON GLOBAL RESTAURANTS 150 7,380 TYCO INTL LTD 640 37,696 UNITED PARCEL SVC INC CL B 120 6,540 UNIVISION COMMUNICATIONS INC CL A 300 12,138 VA LINUX SYS INC 150 368 VERIZON COMMUNICATIONS 250 11,865 VERTEL CORP 25 17 VERTICAL COMPUTER SYS INC 1,000 11 VITESSE SEMICONDUCTOR CORP 120 1,492 WAL MART STORES INC 1,050 60,428 WALGREEN CO 200 6,732 WASHINGTON MUTUAL INC 300 9,810 WAVE SYSTEMS CORP CL A 139 311 WEITZ SER FD INC 1,400 48,007 WELLS FARGO & CO 200 8,694 24
CONMED Corporation Retirement Savings Plan Schedule of Assets Held for Investment Purposes Brokerage Link Account December 31, 2001 Security Description Shares Fair Value WIND RIV SYS INC 100 1,791 WORLDCOM INC GA 2,120 29,850 WORLDCOM INC WORLDCOM GROUP 84 1,067 WRIGHT MED GROUP INC 2,000 35,800 XO COMMUNICATIONS INC 5,000 400 XYBERNAUT CORP 200 476 YAHOO INC 113 2,005 ZIMMER HLDGS INC 1,657 50,605 ZIMMER HLDGS IC ODD LOT TENDER 57 1,696 --------- TOTAL ACCOUNT MARKET VALUE $5,937,887 ========= 25
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, 333-74497 and 333-90444) of CONMED Corporation of our report dated May 17, 2002 relating to the financial statements of CONMED Corporation Retirement Savings Plan, which appears in this Form 11-K. PricewaterhouseCoopers LLP Syracuse, NY June 21, 2002 26