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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tandem Diabetes Care Inc | NASDAQ:TNDM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 36.56 | 40.00 | 42.88 | 4 | 09:46:52 |
Delaware
|
001-36189
|
|
20-4327508
|
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.) |
|
11075 Roselle Street
|
|
|
92121
|
|
San Diego
|
California
|
|
|
(Zip Code)
|
(Address of principal executive offices)
|
|
|
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of Each Class
|
Symbol
|
Name of Exchange on Which Registered
|
Common Stock, par value $0.001 per share
|
TNDM
|
NASDAQ Global Market
|
Name
|
2019 Cash Retainer
|
|
2020 Cash Retainer
|
||||
Board Member
|
$
|
44,000
|
|
|
$
|
45,000
|
|
Nominating & Corporate Governance Chair (additional)
|
$
|
9,000
|
|
|
$
|
10,000
|
|
Audit committee member (additional)
|
$
|
8,500
|
|
|
$
|
10,000
|
|
Compensation committee member (additional)
|
$
|
6,000
|
|
|
$
|
7,750
|
|
Name
|
2019 Base Salary
|
|
2020 Base Salary(1)
|
||||
John F. Sheridan
|
$
|
500,000
|
|
|
$
|
600,000
|
|
David B. Berger
|
$
|
400,000
|
|
|
$
|
412,000
|
|
Brian B. Hansen
|
$
|
400,000
|
|
|
$
|
412,000
|
|
Leigh A. Vosseller
|
$
|
400,000
|
|
|
$
|
412,000
|
|
(1)
|
Increases effective on February 24, 2020.
|
Name
|
2020 Base Salary
|
|
Target Percentage
|
|
Target Cash Bonus
|
||||
John F. Sheridan
|
$
|
600,000
|
|
|
100%
|
|
$
|
600,000
|
|
David B. Berger
|
$
|
412,000
|
|
|
60%
|
|
$
|
247,200
|
|
Brian B. Hansen
|
$
|
412,000
|
|
|
60%
|
|
$
|
247,200
|
|
Leigh A. Vosseller
|
$
|
412,000
|
|
|
60%
|
|
$
|
247,200
|
|
2020 Cash Bonus Plan Components
|
|
Percentage of Target Bonus
|
Financial Performance Objectives
|
|
80%
|
Product Development Milestones
|
|
10%
|
Customer-related Objectives
|
|
10%
|
TOTAL
|
|
100%
|
•
|
A minimum percentage growth rate over the Company’s actual 2019 revenue, which places the Company’s revenue for 2020 at 75% of the Revenue Target (the “Minimum Revenue Target”), must be achieved for any bonus to be earned under the financial performance objectives portion of the 2020 Cash Bonus Plan.
|
•
|
If the Company’s actual revenues are between the Minimum Revenue Target and the Revenue Target, the goal achievement for the financial performance objectives will be calculated proportionately on a straight-line basis from 0% to 100%. If the Company’s actual revenues exceed the Revenue Target, the goal achievement for the financial performance objectives will be calculated proportionately as a percentage of the Revenue Target.
|
•
|
If the Company’s actual revenues are above 105% of the Revenue Target and up to 115% of the Revenue Target, the percentage of overall goal achievement with respect to the Company financial performance objectives under the 2020 Cash Bonus Plan will first be calculated as described above, and then the overall goal achievement under the 2020 Cash Bonus Plan will be multiplied by an amount equal to 100% plus one times each percent of revenue achievement above 105% of the Revenue Target and up to 115% of the Revenue Target, and the cash bonus will be calculated based on this modified level of goal achievement; or
|
•
|
If the Company’s actual revenues are above 115% of the Revenue Target, the percentage of overall goal achievement with respect to the Company financial performance objectives under the 2020 Cash Bonus Plan will first be calculated as described above, and then the overall goal achievement under the 2020 Cash Bonus Plan will be multiplied by an amount equal to 100% plus two times each percent of revenue achievement above 105% of the Revenue Target, and the cash bonus will be calculated based on this modified level of goal achievement.
|
•
|
If revenue is greater than 105% but an EBITDA margin percentage target that is incrementally higher than the EBITDA margin percentage defined in the financial objectives is not met, then financial achievement will be calculated as percent to plan.
|
Name
|
|
2019 Cash Bonus
|
||
Kim D. Blickenstaff
|
|
$
|
796,792
|
|
John F. Sheridan
|
|
$
|
738,225
|
|
David B. Berger
|
|
$
|
368,110
|
|
Brian B. Hansen
|
|
$
|
368,110
|
|
Leigh A. Vosseller
|
|
$
|
368,110
|
|
Number
|
|
Description
|
99.1
|
|
Tandem Diabetes Care, Inc.
|
||
|
|
|
By:
|
|
/s/ David B. Berger
|
|
|
David B. Berger
|
|
|
Executive Vice President, Chief Legal & Compliance Officer
|
1 Year Tandem Diabetes Care Chart |
1 Month Tandem Diabetes Care Chart |
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