Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, onDecember 1, 2021 , the board of directors (the "Board") ofiRhythm Technologies, Inc. (the "Company") appointedDouglas J. Devine as Chief Operating Officer of the Company andDavid A. Vort as Chief Commercial Officer of the Company. In connection with these appointments, each ofMr. Devine andMr. Vort entered into a promotion letter with the Company (the "Devine Offer Letter" and "Vort Offer Letter", respectively). Pursuant to the Devine Offer Letter, effectiveDecember 1, 2021 ,Mr. Devine's annualized salary will be$500,000 , and he will be eligible to receive an annual performance bonus of up to 60% of his base salary.Mr. Devine will continue to be eligible to receive severance benefits pursuant to the terms of the Company's Change in Control and Severance Policy.Mr. Devine's employment is on an "at will" basis. Pursuant to the Vort Offer Letter, effectiveDecember 1, 2021 ,Mr. Vort's annualized salary will be$409,500 , and he will be eligible to receive quarterly performance bonuses in accordance with his 2021 Sales Commission Plan.Mr. Vort will continue to be eligible to receive severance benefits pursuant to the terms of the Company's Change in Control and Severance Policy.Mr. Vort's employment is on an "at will" basis. The foregoing descriptions of the Devine Offer Letter and Vort Offer Letter do not purport to be complete and are qualified in their entirety by reference to the full text of the Devine Offer Letter and Vort Offer Letter, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. Item 9.01 Exhibits (d) Exhibits. Exhibit No. Description Promotion Letter, executedDecember 9, 2021 , betweeniRhythm Technologies , 10.1 Inc. andDouglas J. Devine . Promotion Letter, executedDecember 10, 2021 , betweeniRhythm Technologies , 10.2 Inc. andDavid A. Vort . Cover Page Interactive Data File, formatted in Inline Extensible Business 104 Reporting Language (iXBRL).
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