Form 11-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 11-K



ý Annual Report Pursuant To Section 15(d) Of
The Securities Exchange Act of 1934
For the fiscal year ended December 31, 2005

OR

o Transition Report Pursuant To Section 15(d) Of
The Securities Exchange Act of 1934
For the transition period from ________ to _________


Commission File Number 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 13502





 CONMED Corporation
Retirement Savings Plan
Index to Financial Statements
December 31, 2005 and 2004





 
Page
   
1
   
Financial Statements:
  
   
 
2
   
 
3
   
4-7
   
Supplemental Schedule: *
  
   
 
8-20
   
21
   





*
All other schedules required by 29 CFR 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and Administrator of
CONMED Corporation Retirement Savings Plan

We have audited the Statements of Net Assets Available for Benefits of CONMED Corporation Retirement Savings Plan as of December 31, 2005 and 2004, and the related Statements of Changes in Net Assets Available for Benefits for the years then ended. 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 in accordance with the auditing standards of the Public Company Accounting Oversight Board (United States). Those standards 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. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the CONMED Corporation Retirement Savings Plan as of December 31, 2005 and 2004, and the changes in net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.

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 at end of year) as of December 31, 2005, 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 United States 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.

Respectfully Submitted,


/s/
Insero & Company CPAs,P.C.
 
Certified Public Accountants
   
 
Rochester, New York
 
May 5, 2006


1
CONMED Corporation
Retirement Savings Plan

Statements of Net Assets Available for Benefits
December 31, 2005 and 2004

Assets
 
2005
  
2004
  
Investments
              
Mutual Funds
 
$
53,116,832
  
$
49,746,506
  
Common Collective Trust
   
9,877,519
    
11,902,863
  
Common Stock
   
4,973,577
    
6,239,092
  
Corporate Bonds
   
108,168
    
60,337
  
Money Market Funds
   
4,969,201
    
5,444,329
  
Participant Loans
   
2,212,996
    
1,952,617
  
Non-interest bearing cash
   
8,859
    
0
  
               
Total Investments
   
75,267,152
    
75,345,744
  
               
Receivables
              
Employee Contributions
   
38,521
    
189,093
  
Employer Contributions
   
13,328
    
66,825
  
Accrued Income
   
868
    
509
  
               
Total Receivables
   
52,717
    
256,427
  
               
               
Net Assets Available for Benefits
 
$
75,319,869
  
$
75,602,171
  





2
CONMED Corporation
Retirement Savings Plan

Statements of Net Assets Available for Benefits
December 31, 2005 and 2004

 
  
2005
  
2004
  
Additions to net assets attributed to:
              
Investment income:
             
Interest and dividends
 
$
2,688,845
  
$
2,231,971
  
Net appreciation in fair
              
 value of investments
   
525,461
    
4,310,091
  
Contributions:
             
Participants
   
7,563,932
    
7,025,367
  
Employer
   
2,028,051
    
1,913,803
  
               
Total Additions
   
12,806,289
    
15,481,232
  
               
Deductions from net assets attributed to:
              
Administrative expenses
   
50,117
    
38,804
  
Distributions to participants
   
13,038,474
    
6,301,511
  
               
Total Deductions
   
13,088,591
    
6,340,315
  
               
Net Increase(Decrease)
   
(282,302
)
  
9,140,917
  
               
Net assets at beginning of year
   
75,602,171
    
66,461,254
  
               
Net Assets at End of Year
 
$
75,319,869
  
$
75,602,171
  
               


3
CONMED Corporation

Statements of Changes in Net Assets Available for Benefits
Years Ended December 31, 2005 and 2004
 

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 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 can contribute 1 to 50 percent of his or her annual compensation, as defined, up to the maximum annual limitations as provided by the Internal Revenue Code (“IRC”). The Company matches 50 percent of each participant's contribution up to a maximum of 6 percent of participant compensation. Forfeitures of terminated participants’ non-vested accounts are used to reduce employer contributions. Forfeitures reduced employer contributions by approximately $140,000 and $106,000 in 2005 and 2004, respectively.
 
Participant Accounts
 
Each participant's account is credited with the participant's contribution and allocation of (a) the Company's contribution, (b) Plan earnings and (c) administrative expenses. 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 vested account.
 
Vesting
 
Each participant is immediately vested in his or her voluntary contributions plus earnings thereon. A participant becomes fully vested in the remainder of his or her account upon the completion of five years of service.
 
Investment Options
 
Participants are allowed to invest in a variety of investment choices as more fully described in the Plan literature. Participants may change their investment options on a daily basis.
 
Loans
 
A participant may obtain a loan between $500 and $50,000, limited to 50 percent of his or her vested account balance. Each loan bears interest at prime plus 1 percent and is secured by the balance in the participant's account. Repayment is required over a period not to exceed five years or up to fifteen years where the loan is for the purchase of a primary residence. Loan repayments are allocated among the investment options consistent with the participant's contribution investment election.
 
Payment of Benefits
 
Participants or their beneficiaries are eligible to receive benefits under the Plan upon normal retirement, death, total and permanent disability or
 

4
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2005 and 2004
 

termination for any reason other than those previously mentioned. Benefits are payable in accordance with the Plan agreement.
 
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 of America.
 
Investment Valuation and Income Recognition
 
Investments in common stock, debt securities and mutual funds are valued based upon quoted market prices in active markets. Investments in common collective trust funds are valued at the net asset value of securities held by the trust as determined by the investment manager. Cash, money market funds and participant loans are carried at cost which approximates market value.
 
The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation or depreciation in the fair value of its investments which consists of the realized gains and losses and the unrealized appreciation or depreciation on those investments. Purchases and sales of securities are recorded on the trade-date basis. 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
 
The Plan’s administrative expenses are paid by either the Plan or the Plan’s Sponsor as defined in the Plan document.
 

5
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2005 and 2004
 

2.
Significant Accounting Policies (Continued)
 
Payment of Benefits
 
Benefit payments to participants are recorded upon distribution.
 
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. Investments are exposed to various risks, such as interest rate, market and credit. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, 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 July 21, 2003, from the Internal Revenue Service. The Plan has been amended since receiving the determination letter. However, the Plan administrator and the Plan’s tax counsel believe that the Plan, as amended, is designed and is currently being operated in compliance with the applicable requirements of the IRC.

4.
Investments
 
Fidelity Management Trust Company (“Fidelity”) is the trustee of the Plan. As trustee, Fidelity holds the Plan’s investment assets and executes investment transactions.
 
Investments representing 5 percent or more of the net assets available for plan benefits at December 31, 2005 and 2004 consist of the following:
 

6
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2005 and 2004
 

4.
Investments (Continued)
 
     
2005
  
2004
  
     
Current
  
Current
  
     
Value
  
Value
  
             
 
CONMED Corp. Common Stock
 
$
N/A*
  
$
4,053,062
  
 
Fidelity Equity Income Fund
   
7,397,158
    
7,553,676
  
 
Fidelity Aggressive Growth Fund
   
7,495,095
    
7,954,778
  
 
Fidelity Retirement Money
             
 
Market Fund
   
3,814,378
    
3,902,766
  
 
Fidelity Managed Income
             
 
Portfolio Fund
   
9,877,519
    
11,902,863
  
 
Spartan U.S. Equity Index Fund
   
7,104,350
    
7,193,900
  
 
Fidelity Investment Grade
             
 
Bond Fund
   
3,878,747
    
4,378,851
  
 
Fidelity Puritan Fund
   
7,384,699
    
6,119,546
  
 
Fidelity Low-Priced Stock Fund
   
6,486,658
    
6,596,979
  
 
*CONMED Corp. Common Stock did not exceed 5% of the net assets available for plan benefits at December 31, 2005.
 
Net appreciation in the fair value of investments for the years ended December 31, 2005 and 2004 was as follows:
 
   
2005
  
2004
  
Mutual funds
  
$
1,289,218
  
$
3,698,287
  
Common stocks
    
(763,757
)
  
611,804
  
   
$
525,461
  
$
4,310,091
  

5.
Transactions with Parties-in-Interest
 
As of December 31, 2005 and 2004, the Plan held certain securities issued by the Company as follows:
 
   
December 31, 2005
  
December 31, 2004
  
   
Number
  
Fair
  
Number
  
Fair
  
   
of Shares
  
Value
  
of Shares
  
Value
  
                   
CONMED Corp.
                          
Common Stock
    
139,697
  
$
3,304,531
    
142,613
  
$
4,053,062
  
 
In addition, certain assets of the Plan are invested in funds managed by Fidelity. Fidelity is the trustee of the Plan and, therefore, is considered to be a party-in-interest.

7
Retirement Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2005
 
 
      
Fair
  
Identity of Issue/Description of Investment
 
Units
  
Value
  
           
           
FAM Value Fund**
   
66,573
  
$
3,195,507
  
Fidelity Puritan Fund**
   
394,271
    
7,384,699
  
Fidelity Equity Income Fund**
   
140,151
    
7,397,158
  
Fidelity Investment Grade Bond Fund**
    
526,289
    
3,878,747
  
Fidelity Low-Priced Stock Fund**
    
158,831
    
6,486,658
  
Fidelity Aggressive Growth Fund**
    
421,073
    
7,495,095
  
Fidelity Capital Appreciation Fund**
    
25,619
    
643,035
  
Fidelity Diversified International Fund**
    
109,241
    
3,554,690
  
Legg Mason Value Trust Fund
    
4,892
    
364,317
  
Spartan U.S. Equity Index Fund**
    
160,877
    
7,104,350
  
Fidelity Managed Income Portfolio Fund**
    
9,877,519
    
9,877,519
  
CONMED Corporation Common Stock **
    
139,697
    
3,304,531
  
Held in Brokerage Link Account * 
    
*
    
3,319,919
  
Fidelity Retirement Money Market Fund**
   
3,814,378
    
3,814,378
  
Fidelity Freedom Funds**
    
146,687
    
1,936,939
  
Needham Growth Fund
    
34,512
    
1,231,716
  
Interest Bearing Cash Accounts
    
253,578
    
253,578
  
Rainier Small/Mid Cap Fund
    
36,148
    
1,198,307
  
WFA Small Cap Value Z Fund
    
20,025
    
604,154
  
Participant loans, interest rates from 5.25% to
              
10.50% and maturities from 2006 to 2020
         
2,212,996
  
 
        
$
75,258,293
  

* See pages 9-20 for detail of assets held in the brokerage link account.
** Denotes party-in-interest

8
 
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
 
Security Description
  
Shares
  
Fair Value
AT&T INC COM
    
65
      
1,595
  
ACCLAIM ENTMT INC COM
    
201
      
1
  
ADVANCED MICRO DEVICES INC
    
500
      
15,300
  
ADVANCED VIRAL RESH CORP
    
9,900
      
693
  
AFRICAN PLATINUM PLC SHS
    
3,250
      
1,242
  
AGERE SYS INC COM
    
4
      
52
  
AKAMAI TECH NFS LLC
   
1,000
      
19,930
  
ALPINE US REAL ESTATE EQUITY
    
122
      
5,004
  
ALTRIA GROUP INC NFS LLC
    
40
      
2,989
  
ALVARION LTD
    
250
      
2,180
  
AMERICAN CAPITAL STRATEGIES
    
148
      
5,364
  
AMER CENTURY TARGET MATURITIES
    
502
      
26,164
  
AMERN HEALTHWAYS INC
    
350
      
15,838
  
AMGEN INC NFS LLC
    
100
      
7,886
  
AMYLIN PHARM INC
    
100
      
3,992
  
APOLLO GOLD CORP
    
3,000
      
720
  
APPLIED MATERIALS INC
    
20
      
359
  

9
 
 
 
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
 
Security Description
  
Shares
  
Fair Value
ARIAD PHARMACEUTICAL INC
    
1,000
      
5,850
  
AT HOME CORP SER A
    
41
      
0
  
ATMEL CORP NFS LLC
    
200
      
618
  
AU OPTRONICS CORP
    
327
      
4,908
  
AVAYA INC NFS LLC
    
16
      
171
  
BAXTER INTL INC
   
50
      
1,883
  
BECKMAN COULTER INC
   
200
      
11,380
  
BEMA GOLD CORP
   
1,300
      
3,783
  
BERKSHIRE HATHAWAY INC DEL CL B
    
3
      
8,807
  
BEST BUY INC
    
50
      
2,174
  
BEYOND CORP COM NEW
    
86
      
0
  
BIG SCREEN ENTMT GROUP INC
    
10
      
1
  
BIOGEN IDEC INC
    
200
      
9,056
  
BIOMIRA INC
    
100
      
140
  
BLUEFLY INC
    
300
      
336
  
BOSTON SCIENTIFIC
   
150
      
3,674
  
BRISTOL MYERS SQUIBB NFS LLC
    
11,523
      
264,799
  
BROADCOM CORP CL A
    
100
      
4,715
  
BROADVISION INC COM NEW NFS LLC
    
116
      
57
  
BUCKS CNTY BK 4.15% 9/12/07
    
20,000
      
19,736
  
BUILDING MATERIAL HOLDING CORP
    
300
      
20,463
  
CMGI INC FRMLY CMG
    
10,200
      
15,392
  
 

 
10
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
Security Description
  
Shares
  
Fair Value
CALPINE CORP NFS LLC
    
10,000
      
2,080
  
CARDINAL HEALTH INC
    
35
      
2,406
  
CATALINA MKTG CORP
    
150
      
3,803
  
CATHAY BANCORP INC
    
180
      
6,469
  
CEPHEID
    
85
      
746
  
CHESAPEAKE ENERGY CORP
    
300
      
9,519
  
CHILMARK ENTMT GROUP INC
    
2,000
      
6
  
CISCO SYS INC NFS LLC
   
1,562
      
26,741
  
CITIGROUP INC
    
133
      
6,454
  
CITIGROUP INC GLBL SR NT
    
10,000
      
9,736
  
COEUR D ALENE MINES CORP
    
3,700
      
14,800
  
COHEN & STEERS INTL REALTY INC
    
3,186
      
42,309
  
COMCAST CORP NEW CL A
    
17
      
441
  
COMMERCE ONE INC DEL COM NEW
    
2,218
      
0
  
CORNING INC
    
575
      
11,305
  
CUSAC GOLD LTD FRMLY CUSAC GOLD
    
15,000
      
1,920
  
CYPRESS SEMICONDUCTOR CORP
    
175
      
2,494
  
DEEP WELL OIL & GAS INC
    
4,000
      
5,200
  
DELL INC
    
260
      
7,787
  
DEUTCHE TELEKOM A G SPON ADR
    
600
      
9,978
  
DEVON ENERGY CORP NEW
    
50
      
3,127
  
DIGITAL LIGHTWAVE INC
    
1,385
      
291
  
 
 

 
11
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
Security Description
  
Shares
  
Fair Value
DIODES INC
    
450
      
13,973
  
DOVER DOWNS GAMING * ENTMT INC
    
70
      
991
  
DOVER MOTORSPORTS INC
    
100
      
611
  
DRDGOLD LTD SPON ADR
    
9,500
      
13,680
  
DREAMWORKS ANIMATION SKG INC
    
900
      
22,104
  
DREYFUS EMERGING LEADERS FUND
    
738
      
30,555
  
DREYFUS EMERGING MARKETS
    
481
      
10,397
  
EAGLE BROADBAND INC
    
400
      
36
  
EBAY INC
    
300
      
12,966
  
ECOLLEGE.COM
    
1,000
      
18,030
  
EDEN ENERGY CORP
    
1,000
      
2,050
  
EDULINK INC
    
30,000
      
0
  
EL PASO CORP
    
1,000
      
12,160
  
EMERSON OIL & GAS INC
    
20,000
      
280
  
ENERGY PARTNERS LTD COM
    
250
      
5,448
  
ENGLOBAL CORP COM
    
175
      
1,470
  
ENRON CORP
    
2,000
      
0
  
ETOYS INC
    
200
      
0
  
EVERGREEN SOLAR INC
    
400
      
4,260
  
EXODUS COMMUNICATIONS INC
    
400
      
0
  
EXPEDIA INC DEL COM
    
31
      
743
  
FALCON NAT GAS CORP
    
3,000
      
780
  
FAIRHOLME FUND
    
1,114
      
28,074
  
 
 
 
12

CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
Security Description
  
Shares
  
Fair Value
FIDELITY INTERNTL GROWTH & INCOME
    
108
      
3,430
  
FIDELITY CONVERTIBLE SECURITIES
    
279
      
6,275
  
FIDELITY FREEDOM 2010
    
1,095
      
15,391
  
FIDELITY FREEDOM 2020
    
518
      
7,620
  
FIDELITY GROWTH COMPANY
    
99
      
6,293
  
FIDELITY AGGRESSIVE GROWTH
    
349
      
6,220
  
FIDELITY BLUE CHIP GROWTH
    
82
      
3,551
  
FIDELITY DIVIDEND GROWTH
    
1,531
      
44,083
  
FIDELITY SELECT ENERGY
    
104
      
4,864
  
FIDELITY SELECT TECHNOLOGY
    
300
      
18,917
  
FIDELITY SELECT MEDICAL DELIVERY
    
91
      
4,939
  
FIDELITY SELECT BIOTECHNOLOGY
    
41
      
2,540
  
FIDELITY SELECT BROKERAGE & INVST MGT
    
72
      
4,964
  
FIDELITY CASH RESERVES
    
881,493
      
881,493
  
FIDELITY VALUE
    
167
      
12,689
  
FIDELITY CAPITAL & INCOME
    
5,103
      
42,716
  
FIDELITY CONTRAFUND
    
431
      
27,904
  
FIDELITY SHORT TERM BOND
    
1,249
      
11,068
  
FINISAR CORP
   
1,850
      
3,848
  
FIRST PETE & PIPELINE INC
    
16,000
      
176
  
FORD MTR CO DEL COM
    
20
      
156
  
FORDING CDN COAL TR UNIT
    
900
      
31,113
  
FORMFACTOR INC
    
145
      
3,542
  
 
 

 
13
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
Security Description
  
Shares
  
Fair Value
FOWARD INDS II
    
1,200
      
10,680
  
FOUNDRY NETWORKS INC
    
500
      
6,905
  
FREESCALE SEMICONDUCTOR INC
    
23
      
579
  
GALAXY MINERALS INC
    
20,000
      
240
  
GAP INC
    
1,100
      
19,404
  
GENENTECH INC
    
25
      
2,313
  
GENERAL ELECTRIC CO
   
430
      
15,072
  
GENERAL MOTORS ACEP CORP
    
10,000
      
8,946
  
GENUITY INC CL A NEW
    
5
      
0
  
GLOBAL ENERGY GROUP INC
    
10,699
      
1,819
  
GOLDCORP INC NEW
    
300
      
6,684
  
GOOGLE INC
    
15
      
6,223
  
GROWTH FUND OF AMERICA CLASS A
    
385
      
11,887
  
HARBOR CAPITAL APPRECIATION
    
1,894
      
61,851
  
HARVARD SCIENTIFIC CO
    
100
      
0
  
HOME DEPOT INC
   
140
      
5,667
  
HUFFY CORP
    
2,000
      
0
  
HYDROGENICS CORP
    
500
      
1,565
  
IAC/INTERACTIVE CRP COM NEW
    
31
      
878
  
IBISES INTL INC NEW
    
1,000
      
15
  
INTEL CORP
   
1,380
      
34,445
  
INTELLISYNC CORP
    
1,000
      
5,160
  
 
 

 
14
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
Security Description
  
Shares
  
Fair Value
INTERIORS INC CL A
    
5,000
      
0
  
INTL BUSINESS MACH
   
55
      
4,521
  
INTL SPEEDWAY CL A
    
100
      
4,790
  
INTERNET CAP GROUP INC
    
9
      
74
  
ISCO INTL INC
    
1,000
      
320
  
ISONICS CORP
    
200
      
360
  
JANUS OLYMPUS
    
93
      
3,042
  
JDS UNIPHASE CORP NFS LLC
    
3,647
      
8,607
  
JP MORGAN CHASE & CO
    
6
      
238
  
JABIL CIRCUIT INC
    
1,280
      
47,475
  
JOHNSON & JOHNSON
    
400
      
24,040
  
JUNIPER NETWORKS INC
    
175
      
3,903
  
KEITHLEY INSTRUMENTS INC
    
100
      
1,398
  
LEAR CORP
    
100
      
2,846
  
LEVEL 3 COMMUNICATIONS INC
    
100
      
287
  
LILLY ELI & CO
    
40
      
2,264
  
LUCENT TECH INC
    
18,000
      
47,880
  
MBNA CORP
    
300
      
8,145
  
MARVEL ENTMT INC
    
1,000
      
16,380
  
MARVELL TECHNOLOGY GRP LTD
    
75
      
4,207
  
MAVERICK TUBE CORP
    
200
      
7,972
  
MEDCO HEALTH SOLUTIONS INC
    
24
      
1,339
  
 
 

 
15
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
Security Description
  
Shares
  
Fair Value
MEDTRONIC INC
    
300
      
17,271
  
MERCK & CO INC
    
200
      
6,362
  
MERCK & CO INC NOTES
    
20,000
      
20,026
  
MERIDIAN BIOSCIENCE
    
600
      
12,084
  
MERIDIAN FUND
    
1,493
      
54,615
  
MERRILL LYNCH CO INC MTN BE
    
20,000
      
19,845
  
MERRILL LYNCH NTS
    
25,000
      
28,528
  
MICROSOFT CORP
    
506
      
13,232
  
MIRACLE ENTERTAINMENT INC
    
16,625
      
0
  
MIRAVANT MEDICAL TECHNOLOGY
    
536
      
99
  
MOTOROLA INC NOTES
    
10,000
      
11,116
  
MOTOROLA INC
    
393
      
8,878
  
NQL INC
    
1,000
      
1
  
NANOGEN INC
    
4,000
      
10,440
  
NANOPHASE TECH CORP
    
10
      
57
  
NASDAQ 100 TR UNIT SER 1
    
550
      
22,227
  
NAUTILUS GROUP INC COM
    
350
      
6,531
  
NEEDHAM GROWTH FUND
    
326
      
11,631
  
NEOWARE SYSTEMS INC
    
600
      
13,980
  
NETFLIX COM INC
    
1,200
      
32,472
  
NOKIA CORP ADR
   
550
      
10,065
  
NORTEL NETWORKS CORP NEW (HOLDING CO)
    
154
      
471
  
NORTHGATE EXPL LTD
    
1,000
      
1,830
  

 
 
16
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
Security Description
  
Shares
  
Fair Value
OCEANEERING INTL INC
    
200
      
9,956
  
ORACLE CORPORATION NFS LLC
    
550
      
6,716
  
PLX TECHNOLOGY INC
    
100
      
860
  
PACCAR INC
    
200
      
13,846
  
PACIFIC RIM MINING CORP
    
8,600
      
6,450
  
PAINCARE HLDGS INC
    
6,350
      
20,701
  
PARADIGM OIL & GAS INC
    
4,000
      
312
  
PARAFIN CORP
    
9,000
      
540
  
PARNASSUS EQUITY INCOME PORTFOLIO
    
3,147
      
75,589
  
PCCW LTD NEW
    
100
      
62
  
PETROQUEST ENERGY INC
    
500
      
4,140
  
PFIZER INC
    
500
      
11,660
  
POWERWAVE TECH INC
    
250
      
3,143
  
PRIMUS TELECOMMS GP
    
5
      
4
  
QUALCOMM INC NFS LLC
    
481
      
20,721
  
RAMBUS INC NFS LLC
    
1,240
      
20,076
  
RAYTHEON CO COM NEW
    
100
      
4,015
  
REALNETWORKS INC NFS LLC
    
600
      
4,656
  
S&P 500 DEPOSITORY RECEIPT
    
415
      
51,672
  

 

17
 
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
Security Description
  
Shares
  
Fair Value
SPSS INC
    
33
      
1,021
  
SAFESCRIPT PHARMACIES INC
    
2,000
      
0
  
ST PAUL COS INC
   
4
      
179
  
SAP AG SPON ADR
    
100
      
4,507
  
SHAMAN PHARMACEUTICALS INC
    
44,070
      
0
  
SHES GOT NETWORK INC
    
700
      
7
  
SILICON GRAPHICS INC
    
2,000
      
700
  
SILICON VALLEY RESEARCH INC
    
2,000
      
0
  
SILVERADO GOLD MINES LTD
    
9,998
      
520
  
SILVER STAR ENERGY INC COM
    
1,250
      
275
  
SIRIUS SATELLITE RADIO INC
    
6,600
      
44,220
  
SMART TEK SOLUTIONS INC COM
    
25,200
      
4,536
  
SOUTHWESTERN ENERGY
    
800
      
28,752
  
SPARTAN US EQUITY INDEX
    
95
      
4,189
  
SPRINT CORP (FON GROUP)
    
25
      
584
  

 

 

18
 
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
Security Description
  
Shares
  
Fair Value
SUN MICROSYSTEMS INC NFS LLC
    
310
      
1,299
  
SUPERCONDUCTOR TECHNOLOGIES INC
    
90
      
39
  
TEXAS INSTRUMENTS INC
    
500
      
16,035
  
3COM CORP NFS LLC
    
1,005
      
3,618
  
3M COMPANY
    
6
      
465
  
TIME WARNER INC
    
396
      
6,906
  
TYCO INTL LTD NEW
    
140
      
4,040
  
UNITED PARCEL SVC INC
    
120
      
9,018
  
UNITEDHEALTH GROUP
    
75
      
4,661
  
US GOLD SHARES
    
2,116
      
22,645
  
VA LINUX SYS INC
    
150
      
267
  
VERIZON COMMUNICATIONS
    
200
      
6,024
  
VERIZON PENN NOTES
    
10,000
      
9,971
  
VAN ECK INT’L INVESTORS GOLD
    
339
      
4,186
  
VERTICAL COMPUTER SYSTEM INC
    
1,000
      
6
  
VIRAGEN INC
    
100
      
45
  

 

19
 
CONMED Corporation
Retirement Savings Plan
Schedule of Assets (Held at End of Year)
Brokerage Link Account
December 31, 2005
 
Security Description
  
Shares
  
Fair Value
WAL-MART STORES INC
    
390
      
18,957
  
WANNIGAN CAP CORP
    
14
      
2
  
WANNINGAN MINING CORP RESTRICTED
    
4
      
0
  
WASATCH HOISINGTON US TREAS
    
1,771
      
25,857
  
WAVE SYSTEMS CORP CL A
    
139
      
95
  
WELLS FARGO & CO NEW
    
200
      
12,566
  
WESTERN DIGITAL CORP
    
1,000
      
18,610
  
WHOLE FOODS MKT INC
    
200
      
15,478
  
WIND RIV SYS INC NFS LLC
    
100
      
1,477
  
WORLDCOM INC GA NEW WORLDCOM GROUP COM
    
20,390
      
0
  
WORLDCOM INC GA (MCI GROUP)
    
72
      
0
  
WRIGHT MED GROUP INC
   
1,000
      
20,400
  
XO COMMUNICATIONS IN C CL-A
    
5,000
      
0
  
XYBERHAUT CORP
    
200
      
9
  
XCELERA.COM INC ISIN
    
100
      
20
  
YAHOO INC NFS LLC
    
123
      
4,819
  
ZHONE TECHNOLOGIES INC NEW COM
    
2,523
      
5,349
  
ZIMMER HLDGS INC
    
1,379
      
93,000
  
TOTAL ACCOUNT MARKET VALUE
          
$
3,319,919
  

 

 

20



SIGNATURES



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 and
   
Chief Financial Officer
   
CONMED Corporation



Date: June 26, 2006




21