Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Compensatory Arrangements of Certain Officers
As part of the ongoing evaluation of its executive compensation programs, theExecutive Compensation and Human Resources Committee of the Board of Directors ofBoston Scientific Corporation (the "Company"), reviewed the existing form of Change in Control Agreement for executive officers below the chief executive officer level and approved certain modifications to better align executive compensation with increasing stockholder value following a change in control. OnMay 3, 2022 , theExecutive Compensation and Human Resources Committee approved changes to the form of Change in Control Agreement for executive officers below the chief executive officer level ("Revised Change in Control Agreements"). The Revised Change in Control Agreements provide for a cash severance payment amount following a change in control (as defined under the Revised Change in Control Agreements) of two times base salary and bonus, as calculated under the agreement, instead of three times base salary and bonus, as provided for under the agreements prior to amendment.
The Company intends to ask each of its eligible executive officers to execute and agree to the terms of the Revised Change in Control Agreements upon the expiration of their existing Change in Control Agreements.
A copy of the form of Revised Change in Control Agreement is filed as Exhibit 10.1 hereto and incorporated by reference. This summary does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the form of Revised Change in Control Agreement.
Item 5.07 Submission of Matters to a Vote of Security Holders.
(a) The Company held the Annual Meeting in a virtual-only format via live
webcast.
(b) The final voting results on each of the matters submitted to a vote of stockholders at the Annual Meeting are set forth below.
(1) All ten director nominees were elected to the Board for a one-year term to hold office until the Company's 2023 Annual Meeting of Stockholders and until their successors have been elected and qualified. Nominee For Against Abstain Broker Non-Votes Nelda J. Connors 1,184,941,114 25,966,939 795,391 33,421,847 Charles J. Dockendorff 1,101,021,316 109,957,955 724,173 33,421,847 Yoshiaki Fujimori 1,188,823,285 22,159,948 720,211 33,421,847 Donna A. James 1,180,887,240 30,080,716 735,488 33,421,847 Edward J. Ludwig 1,177,537,388 33,454,632 711,424 33,421,847 Michael F. Mahoney 1,130,551,001 75,373,897 5,778,546 32,421,847 David J. Roux 1,164,971,131 44,614,802 2,117,511 33,421,847 John E. Sununu 1,171,099,286 39,832,624 771,534 33,421,847
David S. Wichmann 1,191,954,790 19,022,372
726,282 33,421,847 Ellen M. Zane 1,122,386,967 88,625,966 690,511 33,421,847 (2) The advisory vote on the compensation for the Company's "Named Executive Officers" as disclosed in the Company's proxy statement for the Annual Meeting was approved. For Against Abstain Broker Non-Votes 1,085,193,759 124,111,318 2,398,367 33,421,847
(3) The appointment of
For Against Abstain 1,185,136,735 59,317,844 670,712 (4) The amendment and restatement of the Company's 2006 Global Employee Stock Ownership Plan to, among other things, rename the plan as the Company's Employee Stock Purchase Plan and add an additional 10,000,000 shares to the plan, was approved. For Against Abstain Broker Non-Votes 1,208,792,725 2,434,876 475,843 33,421,847
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description
10.1 Form of EC Non-CEO Change in Control Agreement 10.2 Boston Scientific Corporation Employee Stock Purchase Plan, Amended and Restated Effective as ofJuly 1, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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