Boston Scientific Corp 8-K, filed Oct 5, 2020
Boston Scientific Corp (BSX)
8-K
2020-10-05
For: 2020-09-30
View Original
Added on
April 07, 2026
About this 8-K
Boston Scientific Corp filed this 8-K on October 5, 2020, reporting on events of September 30, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
da
Washington, DC 20549
_____________________________________________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
_____________________________________________________________________
Date of Report (Date of earliest event reported): October 5, 2020 (September 30, 2020 )
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Registrant's telephone number, including area code: 508 683-4000
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ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Restoration of Annual Cash Retainer for the Board of Directors
As previously disclosed, on April 1, 2020, in light of the disruption and uncertainty created by the evolving COVID-19 pandemic and its anticipated impact on the operations of Boston Scientific Corporation (the “Company”), the Board of Directors of the Company (the “Board”) determined that, for the one-year term beginning at the 2020 Annual Meeting of Stockholders, the annual cash retainer for each non-employee director serving on the Board would be temporarily reduced to one-half of the previously approved amount. On September 30, 2020, the Board determined that, due to stronger business results compared with the Company’s prior expectations, the annual cash retainer for the Board will be restored, beginning with a payment expected to be made during the fourth quarter of 2020. As a result, the aggregate annual cash retainer for the Board will be two-thirds, rather than one-half, of the previously approved amount for the 2020 term.
In the event that a non-employee director elected to receive equity in lieu of the annual cash retainer, as permitted under the Company’s non-employee director compensation program, an additional grant valued at one-sixth of the annual cash retainer will be made at or around the time of the payment of the fourth quarter 2020 Board cash retainer.
Exhibit No. Description
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | October 5, 2020 | BOSTON SCIENTIFIC CORPORATION | |||||||||||||||
| By: | /s/ Vance R. Brown | ||||||||||||||||
| Vance R. Brown | |||||||||||||||||
| Vice President and Chief Corporate Counsel | |||||||||||||||||