Glaukos Appoints New CFO, Approves Equity Plan Changes
Ticker: GKOS · Form: 8-K · Filed: Jun 5, 2024 · CIK: 1192448
Sentiment: neutral
Topics: executive-appointment, compensation, equity-plan
Related Tickers: NVST
TL;DR
Glaukos gets a new CFO, James H. Mack, with a $425k salary and 60% bonus target. Equity plan amended.
AI Summary
Glaukos Corporation announced on May 30, 2024, the appointment of James H. Mack as its new Chief Financial Officer, succeeding Douglas W. Hill. Mack, who previously served as CFO of NuVasive, Inc., will receive an annual base salary of $425,000 and is eligible for a target annual bonus of 60% of his base salary. The company also reported on the election of new directors and the approval of an amendment to its 2017 Equity Incentive Plan.
Why It Matters
The appointment of a new CFO can signal strategic shifts or a focus on financial management, while changes to equity plans can impact future compensation and shareholder dilution.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO and amendments to equity incentive plans can introduce uncertainty regarding future financial strategy and shareholder value.
Key Numbers
- $425,000 — CFO Base Salary (Annual compensation for new CFO James H. Mack.)
- 60% — CFO Target Bonus (Potential bonus for new CFO James H. Mack relative to base salary.)
Key Players & Entities
- Glaukos Corporation (company) — Registrant
- James H. Mack (person) — Newly appointed Chief Financial Officer
- Douglas W. Hill (person) — Departing Chief Financial Officer
- NuVasive, Inc. (company) — Previous employer of James H. Mack
- $425,000 (dollar_amount) — Annual base salary for James H. Mack
- 60% (dollar_amount) — Target annual bonus percentage for James H. Mack
- 2017 Equity Incentive Plan (company) — Amended compensation plan
FAQ
Who is the new Chief Financial Officer of Glaukos Corporation?
James H. Mack has been appointed as the new Chief Financial Officer of Glaukos Corporation.
What is James H. Mack's annual base salary?
James H. Mack's annual base salary is $425,000.
What is the target annual bonus for the new CFO?
The target annual bonus for James H. Mack is 60% of his base salary.
Who did James H. Mack replace as CFO?
James H. Mack replaced Douglas W. Hill as the Chief Financial Officer.
What other significant corporate actions were reported in this filing?
The filing also reports on the election of directors and an amendment to the company's 2017 Equity Incentive Plan.
Filing Stats: 982 words · 4 min read · ~3 pages · Grade level 12.1 · Accepted 2024-06-05 07:01:56
Filing Documents
- gkos-20240530x8k.htm (8-K) — 86KB
- gkos-20240530xex10d1.htm (EX-10.1) — 142KB
- 0001558370-24-008913.txt ( ) — 374KB
- gkos-20240530.xsd (EX-101.SCH) — 3KB
- gkos-20240530_lab.xml (EX-101.LAB) — 15KB
- gkos-20240530_pre.xml (EX-101.PRE) — 10KB
- gkos-20240530x8k_htm.xml (XML) — 5KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The annual meeting of stockholders (the "Annual Meeting") of Glaukos Corporation (the "Company") was held on May 30, 2024. At the Annual Meeting, the Company's stockholders voted on five proposals, each of which is described in more detail in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 16, 2024. The final voting results for each matter submitted to a vote of stockholders at the Annual Meeting are as follows: Proposal 1 . The election of three Class III directors to hold office until the 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified: For Withheld Broker Non-Votes Thomas W. Burns 43,130,097 2,168,345 2,441,003 Marc A. Stapley 35,495,121 9,803,321 2,441,003 Leana S. Wen, M.D. 43,596,144 1,702,298 2,441,003 Proposal 2 . The approval of the Glaukos Corporation Amended and Restated 2015 Omnibus Incentive Compensation Plan: 1,369,389 For Against Abstain Broker Non-Votes 31,369,389 13,791,781 137,272 2,441,003 Proposal 3 . The non-binding advisory vote regarding the frequency of future advisory votes on the compensation of the Company's named executive officers: One Year Two Years Three Years Abstain Broker Non-Votes 44,213,390 21,027 910,086 153,939 2,441,003 Proposal 4 . The non-binding advisory vote regarding approval of the compensation of the Company's named executive officers: For Against Abstain Broker Non-Votes 43,205,860 1,952,506 140,076 2,441,003 Proposal 5 . The ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024: 1, For Against Abstain 47,458,368 154,713 126,364 There were no broker non-votes on Proposal 5.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1+ Glaukos Corporation Amended and Restated 2015 Omnibus Incentive Compensation Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Designates a management compensation plan, contract or arrangement. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GLAUKOS CORPORATION By: /s/ Robert L. Davis Name: Robert L. Davis Title: Senior Vice President, General Counsel & Business Development Date: June 5, 2024