iRhythm Holdings, Inc 8-K, filed May 14, 2020
iRhythm Holdings, Inc. (IRTC)
8-K
2020-05-14
For: 2020-05-08
View Original
Added on
April 10, 2026
About this 8-K
iRhythm Holdings, Inc filed this 8-K on May 14, 2020, reporting on events of May 8, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): May 8, 2020
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive office) (Zip Code)
(415 ) 632-5700
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On March 13, 2020, Karim Karti’s employment with iRhythm Technologies, Inc. (the “Company”) ended as a result of his resignation as Chief Operating Officer of the Company, which was previously reported. On May 8, 2020, the Company and Mr. Karti entered into a Separation Agreement and Release (the “Separation Agreement”) pursuant to which: (i) Mr. Karti will receive $347,625 in eighteen equal installments of $19,312.50 every two weeks, less applicable withholdings; and (ii) the Company will reimburse Mr. Karti for the payments he makes for COBRA coverage for a period of nine months from the date of his termination.
SIGNATURES
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, thereunto duly authorized.
| IRHYTHM TECHNOLOGIES, INC. | |||||||||||
| Date: May 14, 2020 | By: | /s/ Kevin M. King | |||||||||
| Kevin M. King | |||||||||||
| Chief Executive Officer | |||||||||||