A system for preparing a bone (112) for implantation of a component of an orthopedic implant device. The system includes a forming tool (100) having a sleeve member (118) that is selectively received within a handle member (120). The sleeve member has a guide slot (136) that is sized to receive axial passage of at least a portion of a guide (108). The guide slot and/or sleeve member may be positioned and/or configured to facilitate at least linear and/or rotational displacement of the forming tool about or relative to the guide and thereby provide a degree of freedom in the location at which the forming tool may form a shape or opening in the bone relative to one or more reference axes. The handle member may include a connection member (214) that is structured to be operably coupled to a bone preparation device (102) that is structured to facilitate the displacement of bone material.
