ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS OnMarch 23, 2021 ,DexCom, Inc. ("Dexcom") announced thatJereme Sylvain was promoted to Chief Financial Officer, in addition to remaining as Chief Accounting Officer, effectiveMarch 19, 2021 (the "Appointment Date").Mr. Sylvain will serve asDexcom's principal financial officer and principal accounting officer for purposes of the Exchange Act.Mr. Sylvain is not a party to and does not have any direct or indirect material interest in any transaction withDexcom required to be disclosed under Item 404(a) of Regulation S-K. Effective as of the Appointment Date,Dexcom's current Chief Financial Officer,Quentin Blackford , has agreed to resign from this position, but will remain in his role asDexcom's Chief Operating Officer.Mr. Sylvain , age 41, has served asDexcom's Senior Vice President, Finance and Chief Accounting Officer sinceMarch 2020 , and joinedDexcom inSeptember 2018 as its Vice President, Finance and Corporate Controller. Prior to joiningDexcom ,Mr. Sylvain held various positions at NuVasive, Inc., including Vice President, Corporate Controller and Chief Accounting Officer fromAugust 2016 toSeptember 2018 and Vice President, Corporate Controller fromMarch 2014 toAugust 2016 . Prior to joining Nuvasive,Mr. Sylvain held the role of Senior Director, Finance with Thermo Fisher Scientific, where he was responsible for global accounting for the life sciences solutions group.Mr. Sylvain joined Thermo Fisher Scientific inFebruary 2014 , following its acquisition ofLife Technologies Corporation . FromJuly 2007 toFebruary 2014 ,Mr. Sylvain held multiple finance and accounting roles at Life Technologies and its predecessor,Invitrogen Corporation . Prior to joiningInvitrogen inJuly 2007 ,Mr. Sylvain was part of the public accounting firmErnst & Young LLP .Mr. Sylvain obtained his Certified Public Accounting license after receiving a Bachelors of Science degree in Finance fromArizona State University and a Masters of Science in Accountancy from theUniversity of Notre Dame . In connection with this promotion,Mr. Sylvain will receive a raise, with an annual base salary of$379,500.07 and annual bonus opportunity equal to 75% of his base salary, which will be effective immediately.Mr. Sylvain also received a total equity grant of 6,627 restricted stock units or$2,587,500 based on the average closing price ofDexcom common stock for the 30-trading day period as of five business days prior to the grant date (the "Equity Award"). The Equity Award consists of 5,301 time-based restricted stock units ("RSUs") and 1,326 performance-based restricted stock units ("PSUs") respectively. The RSUs will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the terms and conditions ofDexcom's Amended and Restated 2015 Equity Incentive Plan, including his continued employment byDexcom on each vesting date. The PSUs may only be earned and vest upon achievement of both operational goals in 2021 and our 3-year relative total shareholder return (TSR) performance versus the Nasdaq Composite Index, as well asMr. Sylvain's continued employment byDexcom on their vesting date.Mr. Sylvain remains eligible to participate in the employee benefit plans thatDexcom offers its other employees.Dexcom announced the promotion ofMr. Sylvain in a press release furnished as Exhibit 99.01 to this report and is incorporated herein by this reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Number Description 99.01 Press release dated March 2 3 , 2021. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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