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information on tax matters involving the particular company in
question.
IMED Corp. (IMED)
Richard A. Cramer (Cramer) founded IMED, a company engaged
in the design, manufacture, and sale of electronic medical
instruments, primarily a device known as an "infusion pump", and
related disposable devices. From 1972 through August 1982,
Cramer was a shareholder, president, chairman of the board of
directors, and chief executive officer of IMED. From 1972
through August 1982, Warren K. Boynton (Boynton) was vice
president of IMED. Boynton was on the board from 1972 through
October 1973 and from December 1974 through August 1982.
Kevin P. Monaghan (Monaghan) served as outside general
counsel to IMED from its inception in 1972 until August 1982.
From August 1975 through August 1982, Monaghan was assistant
secretary of the board of directors of IMED (the board).
Monaghan was an attorney admitted to practice in California.
Cramer, Boynton, and Monaghan were close friends as well as
business associates.
Dan R. Hendrickson (Hendrickson) was hired as a corporate
controller of IMED on March 8, 1976, and became treasurer of IMED
on February 14, 1978. Hendrickson previously had prepared
Cramer's personal income tax returns for a number of years. At
IMED, Hendrickson reported directly to Cramer on the financial
condition of the company and the associated tax liabilities.
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