Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )


Exact Sciences Corporation
(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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You are cordially invited to attend the annual meeting of stockholders of Exact Sciences Corporation to be held at 10:00 a.m., Central Time, on Wednesday, June 30, 2021. As a result of the COVID-19 situation and the success of our virtual annual meeting in 2020, we have determined that this year's annual meeting will be completely virtual and conducted via live webcast. The virtual meeting technology we employ provides expanded access, improved communication and cost savings for our stockholders. You will be able to attend the annual meeting online and submit your questions during the meeting by visiting https://www.virtualshareholdermeeting.com/EXAS2021. You will also be able to vote your shares electronically at the annual meeting. Additional information on how to participate in this year's virtual meeting can be found beginning on page 55 of the accompanying Proxy Statement.

For your convenience, we are also pleased to offer a re-playable webcast of the annual meeting at https://www.virtualshareholdermeeting.com/EXAS2021.

Your vote is important to us. Please act as soon as possible to vote your shares. It is important that your shares be represented at the meeting whether or not you plan to attend the annual meeting via the Internet. Please vote electronically over the Internet, by telephone or if, you receive a paper copy of the proxy card by mail, by returning your signed proxy card in the envelope provided.

On behalf of the Board of Directors and management, it is my pleasure to express our appreciation for your continued support.

NOTICE IS HEREBY GIVEN that the 2021 Annual Meeting of Stockholders of Exact Sciences Corporation, a Delaware corporation, will be held on Wednesday, June 30, 2021, at 10:00 a.m., Central Time. The Annual Meeting will be a completely virtual meeting, which will be conducted via live webcast. You will be able to attend the Annual Meeting online and submit your questions during the meeting by visiting https://www.virtualshareholdermeeting.com/EXAS2021. For instructions on how to attend and vote your shares at the Annual Meeting, see the information in the accompanying Proxy Statement in the section titled "Questions and Answers" beginning on page 58.

1. To elect the three nominees to our Board of Directors nominated by our Board of Directors to serve for a three year term as Class III directors.

2. To ratify the appointment of PricewaterhouseCoopers, LLP as our independent registered public accounting firm for 2021.

4. To transact such other business as may properly come before the annual meeting and any adjournments or postponements thereof.

We are pleased to utilize the Securities and Exchange Commission ("SEC") rules that allow issuers to furnish proxy materials to their stockholders on the Internet. We believe these rules allow us to provide you with the information you need while lowering the costs of delivery and reducing the environmental impact of the Annual Meeting. On or about May 19, 2021, we will mail to our stockholders of record as of May 6, 2021 (other than those who previously requested electronic or paper delivery on an ongoing basis) a Notice of Meeting and Important Notice Regarding the Availability of Proxy Materials containing instructions on how to access our proxy statement and our Annual Report on Form 10-K.

D. Scott Coward
Executive Vice President, General Counsel, Chief
Administrative Officer and Secretary

This Notice of Annual Meeting and Proxy Statement are first being distributed or made available, as the case may be, on or about May 19, 2021.

Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting:
This Proxy Statement and our Annual Report are available free of charge at www.proxyvote.com.

THIS SUMMARY HIGHLIGHTS INFORMATION CONTAINED ELSEWHERE IN THIS PROXY STATEMENT. IT DOES NOT CONTAIN ALL OF THE INFORMATION THAT YOU SHOULD CONSIDER. PLEASE READ THE ENTIRE PROXY STATEMENT CAREFULLY BEFORE VOTING.

Your vote is very important. Our Board of Directors is requesting you to allow your Common Stock to be represented at our 2021 Annual Meeting by the proxies named on the proxy card.

In connection with this request, on or about May 19, 2021, we expect to send to our stockholders (other than those who previously requested electronic or paper delivery) a Notice of Internet Availability of Proxy Materials containing instructions on how to access our proxy materials, including our proxy statement and our annual report, and how to vote through the Internet or by telephone.

Stockholders of record may vote their shares prior to the annual meeting via the Internet, by telephone or by mail.

Beneficial owners of shares held in "street name" may vote by following the voting instructions provided to them by their bank or broker.

Proposals		Board Recommendation


PROPOSAL 1.Election of Directors (Page 5)		FOR ALL
We are asking stockholders to vote on each director nominee to our Board of Directors named in this Proxy Statement. Our Board of Directors believes that each director nominee has the qualifications, experience, and skills necessary to represent stockholders through service on our Board of Directors.

PROPOSAL 2.Ratification of Appointment of Independent Registered Public Accounting Firm (Page 25)		FOR
Our Audit and Finance Committee has appointed PricewaterhouseCoopers, LLP ("PWC") to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021. Our Audit and Finance Committee and our Board of Directors believe that the retention of PWC to serve as our independent auditor is in the best interests of the Company and its stockholders. As a matter of good corporate governance, stockholders are being asked to ratify our Audit and Finance Committee's appointment of PWC.

PROPOSAL 3.Non-Binding, Advisory Approval of Compensation to NEOs ("Say-on-Pay") (Page 29)		FOR
We are asking our stockholders to indicate their support for our executive compensation programs as described in this Proxy Statement. This vote is referred to as a "Say-on-Pay" vote.

Our Board of Directors recommends a vote FOR the election of each of the following nominees for director:

Director

Committee Membership

Name

Age

Since

Class

Primary Occupation

AFC

CMDC

CGNC

ITPC

Nominees for Election as Class III Directors

Paul Clancy*

2021

Class I

Former Executive Vice President and CFO of Alexion Pharmaceuticals, Inc.

Pierre Jacquet*

2019

Class III

Vice Chairman, Global Healthcare Managing Director, L.E.K. Consulting

Daniel Levangie*

2010

Class III

Former CEO and President, Cytyc Health Corporation; Currently Co-founder and Manager, ATON Partners

Continuing Directors

Kevin Conroy

2009

Class I

President, CEO and Chairman of the Board of Directors, Exact Sciences Corporation

James Doyle* †

2014

Class II

Former Governor of Wisconsin (2003-2011); Currently Of Counsel, Foley & Lardner LLP, and Partner, Doyle & Boyce Strategies

Freda Lewis-Hall*

2020

Class II

Former Chief Patient Officer, Executive Vice President, and Chief Medical Officer of Pfizer Inc.

Shacey Petrovic*

2020

Class I

President and Chief Executive Officer of Insulet Corporation

Kathleen Sebelius*

2019

Class II

Former Secretary of the Department of Health and Human Services (2009-2014) and former Governor of Kansas (2003-2009); Currently CEO of Sebelius Resources LLC

Katherine Zanotti*

2009

Class I

Former CEO of Arbonne International

Ten of eleven directors independent

Annual evaluation of CEO by our Board of Directors

Annual Board and Committee self-evaluations

Board exercising a strong, independent oversight function

Robust director nominee selection process

Committed to actively seeking diversity among board candidates

Lead Independent Director exercising forceful, energetic and independent leadership

Standing Committees comprised entirely of independent directors

Majority voting standard for directors in uncontested elections

Robust stock ownership guidelines for independent directors and executive officers

Clawback provisions in our key compensation programs

Regular executive sessions of non-management directors

Annual "say on pay" advisory vote

Anti-hedging, anti-short sale and anti-pledging policies

Engagement of independent compensation consultant

Our Board of Directors currently consists of eleven members and is divided into three classes serving terms of three years. Stockholders elect one class of directors at each annual meeting. The class up for election at the 2021 Annual Meeting is Class III, whose members are currently Thomas Carey, Pierre Jacquet, Daniel Levangie and Michael Wyzga. Each of Thomas Carey and Michael Wyzga has decided not to stand for re-election and will retire from our Board of Directors when their terms expire on June 30, 2021.

Upon the recommendation of the Corporate Governance and Nominating Committee of our Board of Directors, our Board of Directors has nominated and recommended Paul Clancy, Pierre Jacquet and Daniel Levangie for election to our Board of Directors as Class III directors. Paul Clancy is currently a Class I director, but will resign as a Class I director in connection with his election as a Class III director.

Shares represented by all proxies received by our Board of Directors and not marked so as to withhold authority to vote for any individual nominee will be voted FOR the election of the nominees named below. Our Board of Directors knows of no reason why any nominee would be unable or unwilling to serve, but if such should be the case, proxies may be voted for the election of some other person nominated by our Board of Directors.

Our by-laws provide that, in an election of directors where the number of nominees does not exceed the number of directors to be elected, each director must receive the majority of the votes cast with respect to that director. This means that the number of shares voted "for" a director must exceed the number of shares voted "against" that director (i.e., "withheld" from his or her election). The Board believes this majority vote standard appropriately gives stockholders a greater voice in the election of directors than the traditional plurality voting standard.

If an incumbent director does not receive a majority vote, our Corporate Governance Guidelines further provide that such director must tender his or her written resignation as a director to Chairman of our Board of Directors for consideration by the Corporate Governance and Nominating Committee. The Corporate Governance and Nominating Committee will consider such tendered resignation and, within 45 days following the date of the stockholders' meeting at which the election occurred, recommend to our Board of Directors action to be taken with respect to the tendered resignation, including whether or not to accept the tendered resignation. Our Board of Directors will, no later than 75 days following the date of the stockholders' meeting at which the election occurred, take formal action upon such recommendation and promptly disclose its decision, together with an explanation of the process by which the decision was made and, if applicable, the Board of Directors' reason or reasons for rejecting the tendered resignation, by filing a Form 8-K with the SEC.

Set forth below are the nominees to be elected at the 2021 Annual Meeting and other members of our Board of Directors and, for each such other director, the year such director was first elected as a director, the year each director's current term will expire and the current class of each director.

Set forth below is background information for each current director and nominee for director, as well as information regarding additional experience, qualifications, attributes or skills that led our Board of Directors to conclude that such director or nominee should serve on our Board of Directors.



PAUL CLANCY		DIRECTOR SINCE: 2021

	Current Class of Director: I Current Term Expiration: 2022	Paul Clancy, age 59, has more than 30 years of experience in financial management and strategic business planning, and served as the Executive Vice President and Chief Financial Officer of Alexion Pharmaceuticals, Inc., a biopharmaceutical company (Nasdaq: ALXN), from July 2017 to November 2019. Prior to joining Alexion, Mr. Clancy served as Executive Vice President, Finance and Chief Financial Officer of Biogen Inc., a biotechnology company (Nasdaq: BIIB), from August 2007 until June 2017. Mr. Clancy joined Biogen in 2001 as Vice President of U.S. Marketing. He later served as Biogen's Vice President of Portfolio Management, and, following the company's 2003 merger with IDEC Pharmaceuticals Corporation, as Senior Vice President of Finance, with responsibilities for leading the treasury, tax, investor relations and business planning groups. Before Biogen, Mr. Clancy spent 13 years at PepsiCo Inc., serving in a variety of financial and general management positions, including Vice President and General Manager of PepsiCo's Great West Business Unit. Mr. Clancy earned a Bachelor of Science in Finance from Babson College and an MBA from Columbia University Mr. Clancy brings extensive financial and managerial experience in the biopharmaceutical and biotechnology industries to our Board of Directors with key insight into financial and strategic initiatives within our industry.



PIERRE JACQUET		DIRECTOR SINCE: 2019

	Current Class of Director: III Current Term Expiration: 2021	Pierre Jacquet, age 54, is Vice Chairman, Global Healthcare Managing Director of L.E.K. Consulting. He has served in a variety of leadership roles for L.E.K., including the firm's Global Leadership Team, the Americas management committee, and various partner operating committees since 2001. Mr. Jacquet has spent more than two decades focused on corporate strategy consulting, merger and acquisition advisory services, and value management, both domestically and internationally. A former physician, he worked with Arthur D. Little from 1998 to 2000 as a manager of its pharmaceutical practice and performed business development for Genzyme in 1997. During his medical career, he was a Fellow at the Washington Cancer Institute from 1993 to 1996, where he authored over 40 publications and presentations. Pierre has also served on the Advisory Board of Life Science Cares since 2017. Mr. Jacquet earned a Master of Business Administration from the Darden Graduate School at the University of Virginia in 1998, was awarded a Doctor of Medicine with high distinction in 1991, and a Doctor of Philosophy in biomedical sciences in 1996 from the University of Liège in Belgium. Mr. Jacquet brings to our Board of Directors extensive business and managerial experience in the healthcare industry and his service as a physician and fellow at an oncology focused medical institute provides valuable insight to our Board of Directors.



DANIEL LEVANGIE		DIRECTOR SINCE: 2010

	Current Class of Director: III Current Term Expiration: 2021	Daniel Levangie, age 70, is an experienced executive and corporate director with senior operating experience in the field of medical devices and in vitro diagnostics. Mr. Levangie is co-founder and manager of ATON Partners, a private investment firm, and Chairman, President & CEO of CereVasc, LLC, an early-stage medical device company. From 2013 through January 2017, Mr. Levangie served as President of Insulet Drug Delivery Systems. From 2011 through 2013, Mr. Levangie was chief executive officer of Dune Medical Devices, Inc. and co-founder and managing partner of Constitution Medical Investors, Inc., a Boston-based private investment and product development firm acquired by Roche Diagnostics Corporation in 2013. Prior to the above, Mr. Levangie held a variety of executive management positions with Cytyc Corporation until the acquisition of Cytyc by Hologic, Inc. in 2007. These positions include executive vice president and chief operating officer, chief executive officer and president of Cytyc Health Corporation, executive vice president and chief commercial officer and president, Cytyc Surgical Products Division. Prior to joining Cytyc Corporation in 1992, Mr. Levangie held a number of sales, marketing and management positions with Abbott Laboratories, a diversified healthcare company. Mr. Levangie is currently a director of CereVasc, LLC and Renovia, Inc. He previously served as a director of Insulet Corporation, a medical device company (Nasdaq: PODD), Liposcience, Inc., a diagnostics company (formerly Nasdaq: LIPO), ev3, Inc., a medical device company, Dune Medical Devices and Hologic, Inc., a diagnostic, imaging systems and surgical products company (Nasdaq: HOLX). Mr. Levangie is a member of the Advisory Board of the Barnett Institute of Northeastern University and is a trustee of Excel Charter School, East Boston. Mr. Levangie earned a bachelor's degree in pharmacy from Northeastern University. Levangie brings a wealth of executive, managerial and leadership experience in the healthcare industry to our Board. He has significant board of director experience from his service on the boards of directors of numerous medical device and biotechnology companies.



KEVIN CONROY		DIRECTOR SINCE: 2009

	Current Class of Director: I Current Term Expiration: 2022	Kevin Conroy, age 55, has served as our President and Chief Executive Officer and as a director since 2009, and as Chairman of our Board of Directors since 2014. Mr. Conroy served as president and chief executive officer of Third Wave Technologies, Inc., a molecular diagnostics company, from 2005 until the acquisition of Third Wave by Hologic, Inc. in 2008. He joined Third Wave in 2004 and served as general counsel until 2005. Prior to joining Third Wave, Mr. Conroy held leadership positions at GE Healthcare and practiced intellectual property law in private practice. Mr. Conroy also serves as a director of Epizyme, Inc. (Nasdaq: EPZM), Adaptive Biotechnologies Corporation (Nasdaq: ADPT) and CM Life Sciences II, Inc. (Nasdaq: CMIIU). He earned a bachelor's degree in electrical engineering at Michigan State University and a JD from the University of Michigan. Mr. Conroy brings extensive business, legal and executive leadership experience to our Board of Directors. With his significant knowledge of, and breadth of experience in, the healthcare industry in general and the molecular diagnostics industry and our Company in particular, he provides our Board of Directors with a vital understanding of our business and industry.



JAMES DOYLE		DIRECTOR SINCE: 2014

	Current Class of Director: II Current Term Expiration: 2023	James Doyle, age 75, is currently Of Counsel at Foley & Lardner LLP, an international law firm, as well as partner of Doyle & Boyce Strategies, a consultant to several national foundations. Prior to his current positions, Mr. Doyle served two terms as the 44th governor of the state of Wisconsin from 2003 to 2011. Prior to his gubernatorial service, Mr. Doyle served three terms as the attorney general of the state of Wisconsin from 1991 to 2003. In connection with his service as attorney general, Mr. Doyle served as president of the National Association of Attorneys General from 1997 to 1998. Mr. Doyle also previously served as the District Attorney of Dane County, Wisconsin and worked in private practice. His extensive public service also includes stints in the Peace Corps as a teacher in Tunisia and as an attorney in a federal legal services office on the Navajo Indian Reservation. Mr. Doyle earned a bachelor's degree from the University of Wisconsin—Madison and a JD from Harvard Law School. Mr. Doyle brings to our Board of Directors proven leadership and managerial capabilities acquired through his extensive public and private sector experience. He also provides our Board of Directors with deep knowledge of governmental and legal affairs.



FREDA LEWIS-HALL		DIRECTOR SINCE: 2020

	Current Class of Director: II Current Term Expiration: 2023	Freda Lewis-Hall, M.D., DFAPA, age 66, served as Senior Medical Advisor to the CEO at Pfizer Inc. (NYSE: PFE) from January 2020 until her retirement in March 2020. Dr. Lewis-Hall served as Chief Patient Officer and Executive Vice President of Pfizer Inc. from January 2019 to December 2019. From 2009 to December 2019, Dr. Lewis-Hall served as Pfizer's Chief Medical Officer and Executive Vice President. Prior to joining Pfizer in 2009, Dr. Lewis-Hall held various senior leadership positions including Chief Medical Officer and Executive Vice President, Medicines Development at Vertex Pharmaceuticals, Inc., a biopharmaceutical company, from 2008 to 2009, Senior Vice President, U.S. Pharmaceuticals, Medical Affairs for Bristol-Myers Squibb Co. from 2003 to 2008; and Vice President, Research and Development, Product Development at Pharmacia from 2002 to 2003. Dr. Lewis-Hall served in several roles at Eli Lilly from 1994 to 2002, including Product Team Leader from 1999 to 2002. Dr. Lewis-Hall serves on the board of directors of SpringWorks Therapeutics, Inc. (NASDAQ: SWTX) and 1Life Healthcare, Inc. (NASDAQ: ONEM). From December 2014 to May 2017, she served on the board of directors of Tenet Healthcare Corporation (NYSE: THC). Dr. Lewis-Hall currently serves on the board of fellows of The Harvard School and the advisory board of the Dell Medical School. She also served on the board of the Patient-Centered Outcomes Research Institute from 2010 to 2020. Dr. Lewis-Hall earned a B.A. in Natural Sciences from Johns Hopkins University and an M.D. from Howard University College of Medicine. Dr. Lewis-Hall brings significant expertise in the biopharmaceutical industry and leadership experience as a senior executive at various biopharmaceutical companies. Her leadership in patient-focused medicine and emphasis on patient engagement and inclusion provides critical insight to our Board of Directors.



SHACEY PETROVIC		DIRECTOR SINCE: 2020

	Current Class of Director: I Current Term Expiration: 2022	Shacey Petrovic, age 47, has served as President and Chief Executive Officer of Insulet Corporation since January 1, 2019 and has served on its Board of Directors since September 2018. Prior to becoming Chief Executive Officer, Ms. Petrovic served as Insulet's President and Chief Operating Officer from October 2016 to December 31, 2018. From February 2016 to October 2016, she served as Insulet's Executive Vice President and President, Diabetes Products, and from February 2015 to February 2016, she served as Insulet's Chief Commercial Officer. From 2013 to 2015, Ms. Petrovic served as President and Chief Executive Officer of Clinical Innovations, LLC, a developer and manufacturer of medical devices and diagnostics for women's health. From 2000 to 2013, she served in a number of key roles at Hologic, Inc. and Cytyc Corporation, which merged with Hologic in October 2007, including Vice President and General Manager of Hologic's GYN Surgical Products division, as well as various sales and marketing leadership roles in the U.S. and Europe. She also currently serves on the Board of Directors for Alydia Health. Ms. Petrovic earned bachelor's degree in biology from the University of Wisconsin—Madison. Ms. Petrovic's significant executive and board experience and her decades of experience within the healthcare industry provides a valuable perspective to our Board of Directors.



KATHLEEN SEBELIUS		DIRECTOR SINCE: 2019

	Current Class of Director: II Current Term Expiration: 2023	Kathleen Sebelius, age 73, serves as CEO of Sebelius Resources LLC, a strategic consulting firm that advises private companies, non-profit organizations and financial investors. From 2009 through 2014, Ms. Sebelius served in President Barack Obama's Cabinet as the 21st Secretary of the Department of Health and Human Services. At HHS, Sebelius managed 11 operating agencies, 90,000 employees in 50 countries around the world, and a $1 trillion budget. Prior to that Ms. Sebelius served as Governor of Kansas from 2003 to 2009. Previous elected offices include two terms as the Kansas insurance commissioner and four terms in the Kansas Legislature. Ms. Sebelius serves as a director of Myovant Sciences Ltd. (NYSE: MYOV), a biopharmaceutical company, and the Kaiser Family Foundation. She also co-chairs the Aspen Institute Health Strategy Group and serves on advisory boards for the Children's Advocacy Center, Dole Institute of Politics, Solera Health, Out Leadership, the Estée Lauder Foundation, and the University of Kansas College of Liberal Arts and Sciences. Ms. Sebelius earned a bachelor's degree from Trinity Washington University and a master of public administration from the University of Kansas. Ms. Sebelius brings a wealth of state and federal government expertise, management insight and health care experience to our Board of Directors with deep knowledge of the systemic challenges and opportunities to improve health care.



KATHERINE ZANOTTI		DIRECTOR SINCE: 2009

	Current Class of Director: I Current Term Expiration: 2022	Katherine Zanotti, age 66, served as chief executive officer of Arbonne International from 2009 until 2018. Ms. Zanotti also served as Chair of Natural Products Group (the holding company of Arbonne, Nature's Gate, and Levlad) from 2010 until 2018 when Groupe Rocher acquired Natural Products Group and Arbonne International. Arbonne is a botanically based skin care, cosmetic and nutrition company marketed in seven countries, with revenue of over $600 million. From 2002 to 2006, she served as senior vice president of marketing at McDonald's Corporation. Prior to joining McDonald's Ms. Zanotti was a vice president at the Procter & Gamble Company and most recently served as vice president and general manager of the North American pharmaceutical business and the corporate women's health platform. Ms. Zanotti currently serves on the Board of Trustees of Xavier University. Ms. Zanotti currently serves as a director of Cutera, Inc., a developer of cosmetic and aesthetic laser equipment (Nasdaq:CUTR). She previously served as a director of Hill-Rom Holdings, Inc., a worldwide manufacturer and provider of medical technologies and related services (NYSE:HRC); Mentor Corporation, a medical device company; Alberto Culver Company, a personal care products company; and Third Wave Technologies, Inc., a molecular diagnostics company. Ms. Zanotti earned a bachelor's degree in economics and studio fine arts from Georgetown University and an MBA with a concentration in marketing and finance from Xavier University. Ms. Zanotti's extensive executive, managerial and leadership experience, including many years in the pharmaceutical industry, positions her well to serve as a member of our Board. Her business acumen and experience on the boards of directors of numerous companies make her a valuable addition to our Board of Directors.

Set forth below is background information relating to our executive officers. Kevin Conroy is discussed above under Information Concerning Directors and Nominees for Director.



JEFFREY ELLIOTT

	Position: Executive Vice President, Chief Financial Officer and Chief Operating Officer	Jeffrey Elliott, age 43, has served as our Chief Financial Officer since November 2016 and our Chief Operating Officer since April 2021. Prior to his appointment as Chief Financial Officer, Mr. Elliott served as the Company's Vice President, Business Development and Strategy, from June 2016 to November 2016. Prior to joining the Company, from 2007 to 2016, Mr. Elliott was with Robert W. Baird & Co., where from June 2012 to June 2016 he was a senior research analyst who covered diagnostics and life science tools companies. Earlier in his career, Mr. Elliott worked in a supply chain role for Walgreens and as a consultant at Cap Gemini Ernst & Young. Mr. Elliott earned a bachelor's degree in business administration from the University of Illinois at Urbana-Champaign and an MBA from the University of Chicago Booth School of Business. Mr. Elliott is a CFA charterholder.



D. SCOTT COWARD

	Position: Executive Vice President, General Counsel, Chief Administrative Officer and Secretary	D. Scott Coward, age 56, has served as our General Counsel and Secretary since January 2015 and as our Chief Administrative Officer since July 2018. He joined us from the global law firm K&L Gates LLP, where he practiced corporate and securities law and served as managing partner of the Raleigh, NC office. Prior to his tenure at K&L Gates, Mr. Coward served as General Counsel of Blue Rhino Corporation, a leading supplier of consumer propane-related products. Prior to Blue Rhino, Mr. Coward served as an Associate General Counsel at GE Medical Systems in Milwaukee, WI, and prior to that, as a partner at the Raleigh, NC law firm Smith Anderson Blount Dorsett Mitchell & Jernigan LLP. Mr. Coward earned a bachelor's degree in business administration from the University of North Carolina—Chapel Hill and a JD from Columbia Law School.



JACOB ORVILLE

	Position: General Manager, Pipeline	Jacob Orville, age 47, has served as our General Manager, Pipeline since November 2019 and served as Senior Vice President, Pipeline from February 2019 to November 2019. Mr. Orville previously served as general manager, Cardiometabolic & Endocrinology Franchise, Quest Diagnostics, Inc. from November 2017 to February 2018. Mr. Orville co-founded Cleveland HeartLab, Inc. in December 2008 and served as its chief executive officer from December 2008 to November 2017. Earlier in his career Mr. Orville served in leadership and operational roles at NextGen Sciences, Inc. and Third Wave Technologies, Inc. Mr. Orville earned a bachelor's degree from University of Massachusetts-Amherst and an MBA from the University of Wisconsin-Madison.

Our Board of Directors has determined that each of Thomas Carey, Paul Clancy, James Doyle, Pierre Jacquet, Daniel Levangie, Freda Lewis-Hall, Shacey Petrovic, Kathleen Sebelius, Michael Wyzga and Katherine Zanotti is an independent director within the meaning of the director independence standards of The NASDAQ Stock Market, Inc. ("NASDAQ"). Furthermore, our Board of Directors has determined that all of the members of our Audit and Finance Committee, Compensation and Management Development Committee, Corporate Governance and Nominating Committee and Innovation, Technology and Pipeline Committee are independent within the meaning of the director independence standards of NASDAQ and the rules of the SEC applicable to each such committee.

Executive sessions of our independent directors are generally scheduled following each regularly scheduled meeting of our Board of Directors. Executive sessions are led by James Doyle, our lead independent director, who actively solicits other independent directors for agenda items in advance of such meetings. The independent directors utilize the executive sessions to discuss, among other items, corporate strategy and planning, including succession planning for our executive officers.

Our Corporate Governance and Nominating Committee is responsible for identifying the appropriate qualifications, skills and characteristics desired of members of our Board of Directors in the context of the needs of the business and the current composition and needs of our Board of Directors.

Director candidates are considered based upon a variety of criteria, including demonstrated business and professional skills and experiences relevant to our business and strategic direction, concern for long-term stockholder interests, personal integrity and sound business judgment. Our Board of Directors seeks members from diverse professional backgrounds who combine a broad spectrum of relevant industry and strategic experience and expertise that, in concert, offer us and our stockholders diversity of opinion and insight in the areas most important to us and our corporate mission. In addition, nominees for director are selected to have complementary, rather than overlapping, skill sets. When filling positions for Board membership, including through retainted searches by third party search firms, we are committed to actively seeking qualified candidates with a broad range of experience, viewpoints, professions, skills, geographic representations and backgrounds as well as diversity of race, ethnicity, gender, age and culture. All director candidates must have time available to devote to the activities of our Board of Directors. Our Corporate Governance and Nominating Committee also considers the independence of director candidates, including the appearance of any conflict in serving as a director. Director Candidates who do not meet all of these criteria may still be considered for nomination to our Board of Directors if our Corporate Governance and Nominating Committee believes that the candidate will make an exceptional contribution to us and our stockholders.

Currently, Mr. Conroy serves as both the Chairman of our Board of Directors and the Chief Executive Officer of the Company. Our by-laws permit these positions to be held by the same person, and our Board of Directors believes that it is in the best interests of the Company to retain flexibility in determining whether to separate or combine the roles of Chairman and Chief Executive Officer based on our circumstances. While our Board of Directors does not have a formal policy regarding the separation of the roles of Chairman and Chief Executive Officer, our Board of Directors recognizes that one of its key responsibilities is to evaluate and determine its optimal leadership structure so as to provide independent oversight of senior management, a highly engaged Board of Directors, and the right balance between (i) effective independent oversight of the Company's business, (ii) our Board of Directors' activities and (iii) consistent corporate leadership. On at least an annual basis, our Corporate Governance and Nominating Committee reviews our corporate leadership structure. As part of its most recent such assessment, the Corporate Governance and Nominating Committee gave thorough consideration to a number of factors, including, but not limited to, the pros and cons of alternative leadership structures given the Company's current operating and governance environment, a review of empirical data on the topic, investor feedback and the dynamics of our Board of Directors.

Based upon these considerations and the recommendation of the Corporate Governance and Nominating Committee, the Board of Directors determined to maintain our Board of Directors' current leadership structure with Mr. Conroy serving as both the Chairman of our Board of Directors and the Chief Executive Officer of the Company. The Board of Directors based this determination on (1) Mr. Conroy's extensive experience in and knowledge of the Company, the molecular diagnostics industry and the regulatory environment, (2) the highly effective bridge Mr. Conroy's service provides between our Board of Directors and the Company's management, (3) Mr. Conroy's continued leadership and vision necessary to lead our Board of Directors and the Company through its challenging industry and macroeconomic environments, (4) Mr. Conroy's investor-focused perspective and (5) the effective independent leadership provided on the Board of Directors by our Lead Independent Director and other independent directors as well as our standing committees which are all comprised entirely of independent directors.

Pursuant to our Corporate Governance Guidelines, at any time that the Company does not have an independent chairman of the Board of Directors, the Board of Directors appoints an independent director to serve as Lead Independent Director. The Lead Independent Director is elected to serve a one-year term commencing upon the adjournment of the annual meeting of stockholders until the adjournment of the following

year's annual meeting of stockholders. Our Corporate Governance Guidelines empower our Lead Independent Director with well-defined duties that are further summarized below. In addition, our Board of Directors—which currently is comprised of 91% independent directors—exercises a strong, independent oversight function which enhances the accountability of the senior management team to our Board of Directors and provides for robust and impartial leadership and a unified voice that is accountable to our stockholders. This oversight function is enhanced by the fact that our Audit and Finance, Compensation and Management Development, Corporate Governance and Nominating and Innovation, Technology and Pipeline Committees are comprised entirely of independent directors. Further, our Board of Directors meetings include regular executive sessions of the independent directors and an annual evaluation of our CEO's performance against pre-determined goals. Our Board of Directors can and will change its leadership structure if our Board of Directors determines that doing so is in the best interest of the Company and its stockholders.

Our Board of Directors has approved, upon the recommendation of the Corporate Governance and Nominating Committee, a set of Corporate Governance Guidelines under which our Board of Directors and its committees operate. Our Corporate Governance Guidelines assist the Board and its committees in the exercise of their responsibilities and establish a common set of expectations and guidelines in order to provide a strong and robust governance framework for the Company. Among other topics, our Corporate Governance Guidelines address the following matters:



		» Board Evaluation: Our Board of Directors annually conducts a confidential performance evaluation to determine whether it and its committees are functioning adequately and effectively. As part of this evaluation, each director completes a written self-assessment questionnaire with a variety of questions designed to gather suggestions for improving the effectiveness of the Board of Directors and its committees and to solicit feedback on a range of issues, including Board composition, Board dynamics, the Board's relationship with senior management, Board agendas and meetings, Board processes and Board committees.

		» Limitation on Other Board Service: Carrying out the duties and fulfilling the responsibilities as a member of our Board of Directors requires a significant commitment of an individual's time and attention. While our Board of Directors does not believe that explicit limits on the number of other boards of directors on which directors may serve are currently appropriate, each director must notify the Chairman in connection with accepting a seat on the board of directors of another business corporation so that the potential for conflicts or other factors compromising such director's ability to perform his or her duties for our Board of Directors may be fully assessed.

		» Board and Committee Meeting Attendance: Each member of the Board is expected to make reasonable efforts to attend regularly scheduled meetings of the Board and to participate in telephone conference meetings or other special meetings of the Board. Attendance and participation at meetings is an important component of the directors' duties and, as such, attendance rates are taken into account by the Corporate Governance and Nominating Committee in connection with assessments of director candidates for re-nomination as directors.

		» Director Orientation and Continuing Education: Our Corporate Governance and Nominating Committee has developed an orientation program designed to familiarize new directors with our business and strategic plans, key policies and practices, principal officers and management structure, auditing and compliance processes and our Code of Business Conduct and Ethics. In addition, our Board committees monitor the continuing education needs of their members and recommend action to the Board where appropriate. Further, our executive officers are responsible for periodically providing materials or briefing sessions for continuing directors to assist them in discharging their duties.

		» Director Access to Management and Advisors: Directors have complete access to senior members of our management. Our Board of Directors and each of its committees is authorized to request that any Company officer or employee, outside legal counsel, independent auditor or other professional retained by the Company to render advice to the Company, attend any meeting of the Board or such committee, or otherwise meet with members of or advisors to the Board of Directors. Our Board of Directors and each committee is authorized to engage legal, accounting or other advisors to provide it with advice and information in connection with carrying out its or their responsibilities.

Our Board of Directors recognizes that one of its most important duties is to ensure continuity in the Company's senior leadership positions by overseeing the development of executive talent and planning for the succession of our senior management, including our Chief Executive Officer.

Our Corporate Governance and Nominating Committee and Compensation and Management Development Committee review and oversee the development and implementation of senior management succession plans. These committees periodically report to the Board of Directors on (i) such management succession plans, including recommendations and evaluations of potential successors to the Chief Executive Officer and other members of senior management and (ii) any development plans for then-current members of senior management.

We believe effective corporate governance requires regular, constructive and thoughtful engagement with our stockholders on a number of topics, including operating performance, corporate governance, long-term strategy, executive compensation, corporate social responsibility and governance-related issues. Our Board of Directors, CEO and senior management team play a central role in our stockholder engagement strategy and we regularly engage stockholders throughout the year and consider their input. In addition, our Compensation and Management Development Committee is charged with monitoring and evaluating the Company's engagement with stockholders to solicit feedback on the Company's compensation philosophy, structure, programs, practices and policies.

We solicit ongoing feedback from major stockholders and strive for continued and robust stockholder engagement throughout the year. Our Board of Directors welcomes feedback on its corporate governance and executive compensation practices and policies and believes that continued engagement with stockholders will further align the long-term interests of our Board of Directors, the Company, its management and its stockholders.

As set forth in our Corporate Governance Guidelines, a copy of which is available at www.exactsciences.com, security holders who wish to communicate directly with our Board of Directors, the independent directors of our Board of Directors or any individual member of our Board of Directors may do so by sending such communication by certified mail addressed to the Chairman of our Board of Directors, as a representative of the entire Board of Directors, the Lead Independent Director, as a representative of the independent directors of our Board of Directors, or to the individual director or directors, in each case, c/o Secretary, Exact Sciences Corporation, 5505 Endeavor Lane, Madison, Wisconsin 53719. The Secretary reviews any such security holder communication and forwards relevant communications to the addressee.

Our Board of Directors has adopted a policy concerning director nominations, a copy of which is available at www.exactsciences.com. Set forth below is a summary of certain provisions of this policy.

Our Board of Directors is responsible for selecting nominees for election to our Board of Directors by our stockholders. Our Board of Directors delegates the selection process to our Corporate Governance and Nominating Committee, with the expectation that other members of our Board of Directors, and of management, may be requested to take part in the process as appropriate. Generally, our Corporate Governance and Nominating Committee identifies candidates for director nominees in consultation with management, through the use of search firms or other advisers, through the recommendations submitted by other directors or stockholders or through such other methods as our Corporate Governance and Nominating Committee deems appropriate. When filling positions for Board membership, including through retained searches by third party search firms, we are committed to actively seeking qualified candidates with a broad range of experience, viewpoints, professions, skills, geographic representations and backgrounds, as well as diversity of race, ethnicity, gender, age and culture. In addition, nominees for director are selected to have complementary, rather than overlapping, skill sets. Once candidates have been identified, our Corporate Governance and Nominating Committee confirms that the candidates meet the qualifications for director nominees established by our Corporate Governance and Nominating Committee. Our Corporate Governance and Nominating Committee may gather information about the candidates through interviews, detailed questionnaires, comprehensive background checks, or any other means that our Corporate Governance and Nominating Committee deems to be helpful in the evaluation process. Our Corporate Governance and Nominating Committee then meets as a group to discuss and evaluate the qualities and skills of each candidate, both on an individual basis and taking into account the overall composition and needs of our Board of Directors. Based on the results of the evaluation process, our Corporate Governance and Nominating Committee recommends candidates for our Board of Directors' approval as nominees for election to our Board of Directors. Our Corporate Governance and Nominating Committee also recommends candidates for our Board of Directors' appointments to the standing committees of our Board of Directors.

The policy of our Corporate Governance and Nominating Committee is to consider properly submitted stockholder recommendations for director candidates. To submit a recommendation to our Corporate Governance and Nominating Committee for director nominee candidates, a stockholder must make such recommendation in writing and include:

Recommendations must be sent to the Chairperson of our Corporate Governance and Nominating Committee, c/o Secretary, Exact Sciences Corporation, 5505 Endeavor Lane, Madison, Wisconsin 53719. The Secretary must receive any such recommendation for nomination not later than the close of business on the 90th day nor earlier than the close of business on the 120th day prior to the first anniversary of the date of the preceding year's annual meeting of stockholders; provided, however, that with respect to a special meeting of stockholders called by us for the purpose of electing directors to our Board of Directors, the Secretary must receive any such recommendation not earlier than the 90th day prior to such special meeting nor later than the later of (1) the close of business on the 60th day prior to such special meeting or (2) the close of business on the 10th day following the day on which a public announcement is first made regarding such special meeting. We will promptly forward any such nominations to our Corporate Governance and Nominating Committee. Once our Corporate Governance and Nominating Committee receives a recommendation for a director candidate, such candidate will be evaluated in the same manner as other candidates and a recommendation with respect to such candidate will be delivered to our Board of Directors. Policy Governing Director Attendance at Annual Meetings of Stockholders Our policy is to schedule a regular meeting of our Board of Directors on the same date as our annual meeting of stockholders and, accordingly, directors are encouraged to be present at such stockholder meetings. With the exception of four directors, all individuals serving on our Board of Directors at the time of the 2020 annual meeting, attended the 2020 annual meeting of stockholders.

We have in place a Code of Business Conduct and Ethics (the "Code of Ethics") that applies to all of our directors, officers and employees. The Code of Ethics is designed to deter wrongdoing and promote:

A current copy of the Code of Ethics is available at www.exactsciences.com. A copy may also be obtained, free of charge, from us upon a request directed to Exact Sciences Corporation, 5505 Endeavor Lane, Madison, Wisconsin 53719, attention: Investor Relations. We intend to disclose any amendments to or waivers of a provision of the Code of Ethics by posting such information on our website available at www.exactsciences.com and/or in our public filings with the SEC.

Corporate sustainability is consistent with and supports our mission to empower patients and the colon cancer community with the most effective methods of detection to eradicate the disease and save lives. We believe that to serve patients well, it is important to also act responsibly in our relationships with our employees, our communities and the environment. We are committed to: (1) investing in our human capital; (2) conducting our business with the highest professional and ethical standards; (3) quality and the continuing effectiveness of our quality management system; (4) making it easy and affordable to complete our tests; (5) and working safely and being environmentally responsible. Our 2020 Sustainability Report, which outlines these goals in further detail and describes our sustainability practices is available at http://investor.exactsciences.com/investor-relations/corporate-governance/default.aspx.

We believe diversity in thought, experience, perspective, and background within our team is necessary to support our core value of innovation. We are firmly committed to providing equal opportunity in all aspects of employment and will not discriminate in any employment decision because of a person's race, color, sex, religion, national origin, age, disability, sexual orientation, gender identity, genetic information, veteran status, or any other basis prohibited by applicable law.

Our Senior VP of Human Resources is part of the executive leadership team and has direct responsibility for our diversity and inclusion program. We track and monitor workforce diversity data to ensure we are fulfilling our diversity and inclusion aspiration—to be known as a great place to work for all. Thanks, in part, to our competitive benefits, women make up approximately 54% of total employees (full-time and part-time), and 48% of management positions. In addition, we have been awarded with a Great Place to Work® CertificationTM in 2020, Fortune's Best Workplaces in Health Care & BiopharmaTM in 2020, and Fortune's Best Workplaces for MillennialsTM in 2020. As discussed earlier under the heading "Process for Indentifying and Evaluating Director Nominees", our board of directors has adopted policies and processes to encourage diversity among its members. As a result, our board of directors now includes four female members, one of whom is African American, to support diversity of opinion and perspective at the board level.

Attracting the best talent starts with offering industry-leading compensation and benefits. We want our compensation and benefits to give our employees a sense of ownership in our company, and pride and determination to achieve our mission. We offer the following benefits, among others, to 100% of our U.S. employees, including part-time employees (subject, in certain cases, to minimum tenure or number of hours worked thresholds): medical, dental, and vision care coverage for all employees and their dependents; life, disability, and accident insurance and critical illness benefits; health care and dependent care flexible spending account programs; employer contributions to health savings accounts (for specific medical plans); 401(k) with employer matching; retirement planning resources; employee stock purchase plan; equity awards upon hire and annually thereafter; annual cash bonus program; parental leave program.

We invest significant resources to develop the talent needed to achieve long-term success. We have implemented a comprehensive employee training program, governed by the Exact Sciences' Employee Training Policy. The program applies to all our employees, including full-time, part-time, and temporary employees. Senior leadership, in conjunction with Human Resources, is responsible for ensuring that all personnel, including contractors and consultants, have the appropriate education, training, competency, and credentials.

Our organizational development team and functional training teams create opportunities for personal growth, professional growth, and career mobility. From facilitated workshops and podcasts to eLearning modules and succession planning, we have invested in internal capabilities to meet our employees at any stage of their career growth and development. We have also created a variety of tools to facilitate developmental feedback. Thanks, in large part, to our training and development investments, in 2020 we were able to fill 35% of our open positions with internal candidates.

Our by-laws state that the number of directors constituting the entire Board of Directors shall be determined by resolution of our Board and that our Board has the authority to increase the number of directors, fill any vacancies on our Board and to decrease the number of directors to eliminate any vacancies. The number of directors currently fixed by our Board of Directors is eleven.

Our Board of Directors is classified into three separate classes (Classes I, II and III), with one class of directors nominated for election each year. Our Board of Directors believes the classification of the Board is important to our philosophy of managing and promoting the Company's long-term growth. Given the highly competitive nature of our business and the complexity and evolution of the life sciences industry more broadly, it can take several years to gain a robust understanding of our business and strategy, the Company's organization and structure, our products and our industry. Electing directors to a three year term is intended to promote continuity and stability of strategy and business direction for the long-term interests and expectations of our stockholders and other stakeholders.

Our Board of Directors met nine times during the year ended December 31, 2020. All directors attended at least 75% of the aggregate of all meetings of our Board of Directors and all committees of our Board of Directors on which he or she served during 2020.

Our Board of Directors has the following standing committees: Audit and Finance; Compensation and Management Development; Corporate Governance and Nominating; and Innovation, Technology and Pipeline. Our Board of Directors and each standing committee retains the authority to engage its own advisors and consultants. Each standing committee has a charter that has been approved by our Board of Directors. A copy of each committee charter is available at www.exactsciences.com. Each committee reviews the appropriateness of its charter annually or at such other intervals as each committee determines.

The following table sets forth the current members of each standing committee of our Board:

The following summarizes the membership of each committee, as well as the primary roles and responsibilities of each committee and the number of times each committee met in 2020.



		AUDIT AND FINANCE COMMITTEE				NUMBER OF MEETINGS IN 2020: 6

		MEMBERS » Mr. Wyzga (Chair) » Mr. Carey » Mr. Clancy » Mr. Levangie				AMONG OTHER THINGS, OUR AUDIT AND FINANCE COMMITTEE: » Maintains responsibility for assisting our Board of Directors in fulfilling its oversight responsibilities with respect to financial reports and other financial information. » Reviews, monitors and reports to our Board of Directors on the adequacy of the Company's financial reporting process and system of internal controls over financial reporting. » Selects, evaluates and replaces the independent auditor and serves as ultimate authority to which independent auditors are accountable. » Oversees the Company's internal audit department, including the appointment, replacement or dismissal of the director of internal audit and the internal audit department's activities, including all issued internal audit reports, major findings and updates on remediation of past findings. » In consultation with management, periodically reviews the adequacy of the Company's disclosure controls and procedures and approves any significant changes thereto. » Advises and consults with management concerning plans and objectives for the Company's capitalization, including the structure and amount of debt and equity required to meet the Company's financing needs. » Reviews and evaluates significant capital expenditures, mergers, acquisitions, divestitures, joint ventures and other significant transactions. » Regularly discusses with management, Company legal counsel and the internal audit department the Company's major risk exposures, their potential financial impact on the Company, and the steps taken to monitor and control those risks, and reviews with management annually a summary of legal and regulatory compliance matters and risk management activities. » Provides the Audit and Finance Committee report for inclusion in our proxy statement for our annual meeting of stockholders. » Recommends, establishes and monitors procedures for the receipt, retention and treatment of complaints relating to accounting, internal accounting controls or auditing matters and the receipt of confidential, anonymous submissions by employees of concerns regarding questionable accounting or auditing matters.

		Our Board of Directors has determined that each member of our Audit and Finance Committee is independent within the meaning of the NASDAQ director independence standards and applicable rules of the SEC for audit committee members. Our Board of Directors has also determined that each of Mr. Wyzga and Mr. Clancy qualifies as an "audit committee financial expert" under the rules of the SEC.



		COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE				NUMBER OF MEETINGS IN 2020: 8

		MEMBERS » Ms. Zanotti (Chair) » Mr. Doyle » Mr. Levangie » Dr. Lewis-Hall				AMONG OTHER THINGS, OUR COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE: » Discharges the responsibilities of our Board of Directors relating to the compensation of our executive officers. » Evaluates and recommends to our Board of Directors appropriate compensation for the Company's independent directors. » Oversees the Company's procedures for consideration and determination of executive and director compensation. » Reviews and approves all executive compensation. » Administers and implements the Company's incentive compensation plans and equity-based plans. » Reviews, monitors and oversees the Company's employee benefit plans. » Oversees succession planning for executive management and reviews the performance, potential, development and retention of current and future executive management and the organizational capability to meet short- and long-term strategic objectives. » Reviews and recommends the Compensation Discussion & Analysis for inclusion in our proxy statement for our annual meeting of stockholders. » Provides our Compensation and Management Development Committee Report for inclusion in our proxy statement for our annual meeting of stockholders.

		Each member of our Compensation and Management Development Committee is a non-employee director as defined in Rule 16b-3 of the Exchange Act. Our Board of Directors has determined that each member of our Compensation and Management Development Committee is also an independent director within the meaning of NASDAQ's director independence standards and applicable SEC rules.



		CORPORATE GOVERNANCE AND NOMINATING COMMITTEE				NUMBER OF MEETINGS IN 2020: 5

		MEMBERS » Mr. Carey (Chair) » Mr. Doyle » Ms. Petrovic » Ms. Sebelius				AMONG OTHER THINGS, OUR CORPORATE GOVERNANCE AND NOMINATING COMMITTEE: » Recommends to our Board of Directors persons to serve as members of our Board of Directors and as members of and chairpersons for the committees of our Board of Directors. » Considers the recommendations of candidates to serve as directors submitted from our stockholders. » Assists our Board of Directors in evaluating the performance of our Board of Directors and our Board committees. » Advises our Board of Directors regarding the appropriate board leadership structure for the Company. » Reviews and makes recommendations to our Board of Directors on corporate governance matters. » Reviews the size and composition of our Board of Directors and recommends to our Board of Directors any changes it deems advisable.

		Our Board of Directors has determined that each member of our Corporate Governance and Nominating Committee is an independent director within the meaning of the NASDAQ director independence standards and applicable rules of the SEC.



		INNOVATION, TECHNOLOGY AND PIPELINE COMMITTEE				NUMBER OF MEETINGS IN 2020: 2

		MEMBERS » Mr. Jacquet (Chair) » Dr. Lewis-Hall » Ms. Sebelius				AMONG OTHER THINGS, OUR INNOVATION, TECHNOLOGY AND PIPELINE COMMITTEE: » Interacts with management and external advisors to develop insights and recommendations regarding the Company's approach to pipeline development and technical and commercial innovation, including: » Maintaining alignment between strategic commercial objectives and the Company's product development pipeline; » Assisting management in identification, evaluation and oversight of appropriate pipeline, technology and product development investments; » Working with management to prioritize medical and clinical technology needs that can effectively be addressed by the Company; » Development, oversight and review of key product development and other technical personnel; and » Assessment of new and existing intellectual property assets and risks. » Supports the recruitment and development of, and interaction with, the Company's scientific advisory board. » Provides an early assessment of, and acts as a sounding board to management with regard to, merger and acquisition opportunities that would expand the Company's pipeline or product/service offerings. » Provides feedback and input regarding the Company's development of innovative new business models, strategies and tactics.

		Our Board of Directors has determined that each member of our Innovation, Technology and Pipeline Committee is an independent director within the meaning of the NASDAQ director independence standards and applicable rules of the SEC.

James Doyle, Daniel Levangie, Freda Lewis-Hall, Katherine Zanotti and Eli Casdin served on our Compensation and Management Development Committee in 2020. None of the directors who served on our Compensation and Management Development Committee in 2020 has ever served as one of our employees or officers. During 2020, none of our executive officers served as a director or member of a compensation committee (or other committee performing similar functions) of any other entity of which an executive officer served on our Board of Directors or Compensation and Management Development Committee.

Our Board of Directors administers its risk oversight function directly and through our Audit and Finance Committee and our Compensation and Management Development Committee. Our Audit and Finance Committee regularly discusses with management, Company legal counsel and the internal audit department the Company's major risk exposures, their potential financial impact on the Company, and the steps taken to monitor and control those risks and reviews with management annually a summary of legal and regulatory compliance matters and risk management activities, including an insurance review, a review of management's precautionary plans for disaster protection, and a review of the Company's policies and procedures with respect to cybersecurity threats and related issues. Additionally, our Audit and Finance Committee oversees the process by which the Board is informed regarding the legal and regulatory compliance risks facing the Company and coordinates with the Company's legal counsel to ensure the Board receives regular legal and regulatory compliance updates from management. Our Audit and Finance Committee also reviews regulatory investigations (including findings thereof) as well as any alleged significant violations of laws, regulations or Company policies, including the Company's Code of Business Conduct and Ethics and the Company's Code of Conduct on Interaction with Health Care Professionals, and reports such findings to the Board as needed. Our Compensation and Management Development Committee, together with management, has reviewed the Company's compensation policies and practices and concluded that such policies and practices do not create risks that are reasonably likely to have a material adverse effect on the Company.

Cybersecurity and Data Protection Risk Management

Protecting the privacy of our patients' and employees' information and the security of our systems and networks has long been and will continue to be a priority for Exact Sciences and our Board of Directors. We have technical, administrative and physical safeguards in place to help protect against unauthorized access to, use or disclosure of patient and employee information and data we collect and store. In addition, our comprehensive information security program includes, among other aspects, vulnerability management, antivirus and malware protection, file integrity monitoring, encryption and access control.

Consistent with our Board of Directors' risk management and oversight structure, our Audit and Finance Committee has primary responsibility for overseeing our risk management practices, programs, policies and procedures related to data privacy, data protection and network security. Management provides our Audit and Finance Committee and our Board of Directors with updates about cybersecurity practices, programs, policies and procedures and the status of projects designed to strengthen internal cybersecurity and data protection. Our Board of Directors and our Audit and Finance Committee also discuss potential cybersecurity and data protection threats.

We maintain a compensation policy for our non-employee directors (the "Director Compensation Policy") that is intended to enable us to attract and retain, on a longer-term basis, high-qualified non-employee directors. The Director Compensation Policy is supported by an annual benchmarking exercise conducted by Radford, an Aon Consulting Company ("Radford"), the Company's independent executive compensation consultant, which positions the cash and equity compensation paid to our non-employee directors at the market median of a peer group that is reviewed annually. For information regarding the peer group, which is the same peer group used in connection with the determination of executive compensation, see "Compensation And Other Information Concerning Named Executive Officers" beginning on page 30.

Under the Director Compensation Policy adopted in October 2020, each non-employee director who continues to serve as a director following an annual stockholders meeting is entitled to be paid an annual cash retainer as follows:

In lieu of cash, each non-employee director may elect to receive shares of Company common stock having an equivalent dollar value.

In April 2020, in response to the rapidly evolving impact of the COVID-19 pandemic, the Board of Directors amended the Director Compensation Policy to provide that the annual cash retainer for Board service would not be paid for the service period commencing on the date of the 2020 Annual Meeting. However, in October 2020, in light of the evolving circumstances, the Board of Directors amended the Director Compensation Policy to provide that the annual cash retainer for Board service for the service period commencing on the date of the 2020 annual stockholdholders meeting would be $45,000 paid immediately upon amendment of the Director Compensation Policy.

In addition, members of our Innovation, Technology & Pipeline Committee receive an additional cash payment of $5,000 per full-day, on-site, special working meeting (of which it is anticipated that two such meetings per year will take place).

Under the Director Compensation Policy, on the date of each annual stockholders meeting, each non-employee director who is continuing to serve as a director following such meeting is also granted restricted stock or deferred stock units having a value of $250,000 with the number of shares of restricted stock or deferred stock units to be issued being determined based on the closing price of the Company's common stock on the grant date. In addition, if the Board chair is independent and such Board chair will continue as Board chair following the date of the annual meeting, such Board chair will be granted an additional annual restricted stock or deferred stock unit award having a value of $15,000. These annual equity grants are scheduled to vest upon the earlier of the first anniversary of the grant date or the date of the next annual stockholders

meeting; provided upon the death of a director, such director's awards vest in full; upon a director's ceasing to serve for any other reason, such director's awards vest pro rata based on the number of days since the grant date; and upon a change of control, all awards vest in full.

Under the Director Compensation Policy, if a director is elected or appointed to our Board of Directors other than on the date of the Company's annual meeting of stockholders, such director's annual cash and equity compensation as described above, for the period between the date of such election or appointment and the date of the Company's next annual meeting of stockholders, will be granted in a pro rata amount on the date of such annual meeting to reflect the date of such director's election or appointment and the date of the Company's following annual meeting of stockholders. The number of shares of restricted stock or deferred stock units to be issued to the director based on the foregoing pro rata compensation is determined based on the closing price of the Company's common stock on the date of such director's appointment, and such shares of restricted stock or deferred stock units are fully vested upon grant.

Upon his or her initial election to our Board of Directors, a new director receives shares of restricted stock or deferred stock units having a value equal to $375,000 based on the closing sale price of our common stock on the date of grant. Such shares of restricted stock or deferred stock units vest in three equal annual installments.

The Exact Sciences Corporation 2019 Omnibus Long-Term Incentive Plan (the "2019 Plan") establishes limits on the awards issuable to our non-employee directors. Under the 2019 Plan, the maximum value of all awards granted to a non-employee director, taken together with all cash fees paid to such non-employee director under any other equity compensation plan of the Company or an affiliate in a given calendar year, may not exceed $600,000 (calculating the value of any equity compensation plan awards based on the grant date fair market value for financial reporting purposes). However, awards granted to non-employee directors upon their initial election to the Board of Directors or the board of directors of an affiliate will not be counted towards this limit, and certain other limited exceptions may apply.

The foregoing compensation is in addition to reimbursement of all out-of-pocket expenses incurred by directors in attending meetings of our Board of Directors.

The following table provides compensation information for the one-year period ended December 31, 2020 for each non-employee member of our Board of Directors. No member of our Board employed by us receives separate compensation for services rendered as a member of our Board. Paul Clancy did not join our Board of Directors until March 18, 2021 and thus received no compensation in the one-year period ended December 31, 2020.

NAME


Thomas Carey	58,000	(2)	250,019		—	308,019

Eli Casdin	20,500		250,019		—	270,519

James Doyle	91,500		250,019		—	341,519

Pierre Jacquet	64,000	(2)	250,019		—	314,019

Daniel Levangie	68,000		250,019		—	318,019

Fred Lewis-Hall	70,123	(3)	312,961	(4)	—	383,085

Shacey Petrovic	45,000		624,955	(5)	—	669,955

Kathleen Sebelius	58,000		250,019		—	308,019

Andrew Slavitt	45,000		250,019		—	295,019

Michael Wyzga	71,500	(2)	250,019		—	321,519

Katherine Zanotti	65,000		250,019		—	315,019

NAME


Thomas Carey	—	2,558

Eli Casdin	10,100	2,558

James Doyle	18,477	2,558

Pierre Jacquet	—	3,635

Daniel Levangie	—	2,558

Fred Lewis-Hall	—	5,563

Shacey Petrovic	—	5,790

Kathleen Sebelius	—	3,635

Andrew Slavitt	—	3,635

Michael Wyzga	10,108	2,558

Katherine Zanotti	25,637	2,558

(2): Per the election of the director and in accordance with the Director Compensation Policy, all but $45,000 of the annual cash retainer was paid in shares of Company common stock having an equivalent dollar value.
(3): Includes $15,123 in cash fees earned for the period between the date of Ms. Lewis-Hall's appointment to the Board of Directors and the 2020 Annual Meeting of Stockholders, paid in accordance with the Director Compensation Policy.
(4): Includes $62,943 of stock awards earned for the period between the date of Ms. Lewis-Hall's appointment to the Board of Directors and the 2020 Annual Meeting of Stockholders, paid in accordance with the Director Compensation Policy.
(5): Includes $374,936 of stock awards issued to the recipient upon the recipient's initial election to the Board of Directors at the time of the 2020 Annual Meeting, issued in accordance with the Director Compensation Policy.

The Audit and Finance Committee of the Board of Directors has appointed PricewaterhouseCoopers ("PWC") as our independent registered public accounting firm for the fiscal year ending December 31, 2021. PWC was selected as our independent registered public accounting firm for the fiscal year ending December 31, 2020 following completion of a competitive process to select a firm conducted by the Audit and Finance Committee. As a result of this process, on March 4, 2020 the Audit and Finance Committee dismissed BDO USA, LLP ("BDO") as the Company's independent registered public accounting firm effective immediately. PWC was engaged as the Company's independent registered public accounting firm on March 4, 2020.

The report of BDO on the financial statements of the Company for the fiscal year ended December 31, 2019 contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. During the the fiscal year ended December 31, 2019, there were: (1) no disagreements between the Company and BDO on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of BDO, would have caused BDO to make reference to the subject matter of the disagreement in their reports on the financial statements for such years, and (2) no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation S-K. A representative of BDO is not expected to be present at the 2021 Annual Meeting.

During fiscal year ended December 31, 2019 and the subsequent interim period preceding PWC's appointment, the Company did not consult with PWC regarding (1) the application of accounting principles to a specified transaction or transactions, either completed or proposed, or the type of audit opinion PWC might render on the Company's financial statements or (2) any matter that was either the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to that Item, or a "reportable event" as that term is defined in Item 304(a)(1)(v) of Regulation S-K.

A representative of PWC is expected to be present at the 2021 Annual Meeting. In addition to having the opportunity to make a statement, the PWC representative will be available to respond to any appropriate questions.

Ratification of the appointment of our independent registered public accounting firm requires the affirmative vote of a majority of the shares present or represented at the 2021 Annual Meeting, in person or by proxy, and voting on such ratification. If our stockholders fail to ratify the selection of PWC as the independent registered public accounting firm for 2021, our Audit and Finance Committee will reconsider whether to retain that firm. Even if the selection is ratified, our Audit and Finance Committee may, in its discretion, direct the appointment of a different independent registered public accounting firm at any time during the year.

Other than as described below and compensation agreements and other arrangements which are described in "Compensation And Other Information Concerning Named Executive Officers" beginning on page 30, in 2020 there was not, and there is not currently proposed, any transaction or series of similar transactions to which we were or will be a party in which the amount involved exceeded or will exceed $120,000 in which any director, executive officer, holder of five percent or more of any class of our capital stock or any member of their immediate family had or will have a direct or indirect material interest.

At various times, including in 2020, the Company has engaged Perspective Group LLC, an executive search firm in which Thomas Carey, a member of our Board of Directors, is majority owner, to perform certain executive searches. Under the terms of the engagement, the Company paid Perspective Group approximately $193,000 of fees during the year ended December 31, 2020, which was less than 5% of the Perspective Group's aggregate revenue for the year ended December 31, 2020.

Pierre Jacquet, a member of our Board of Directors, is Vice Chairman, Global Healthcare and Managing Director of L.E.K. Consulting, LLC. At various times, including in 2020, the Company has engaged L.E.K. to perform strategic consulting services. Under the terms of the Company's engagements with L.E.K., the Company paid L.E.K. approximately $900,000 of fees during the year ended December 31, 2020, which was less than 5% of L.E.K.'s aggregate revenue for the year ended December 31, 2020.

Our Board of Directors has adopted a written policy with regard to related person transactions, which sets forth our procedures and standards for the review, approval or ratification of any transaction required to be reported in our filings with the SEC or in which one of our executive officers or directors has a direct or indirect material financial interest, with limited exceptions. Our policy is that our Audit and Finance Committee shall review the material facts of all related person transactions (as defined in the related person transaction approval policy) and either approve or disapprove of the entry into any related person transaction. In the event that obtaining the advance approval of our Audit and Finance Committee is not feasible, our Audit and Finance Committee shall consider the related person transaction and, if our Audit and Finance Committee determines it to be appropriate, may ratify the related person transaction. In determining whether to approve or ratify a related person transaction, our Audit and Finance Committee will take into account, among other factors it deems appropriate, whether the related person transaction is on terms comparable to those available from an unaffiliated third-party under the same or similar circumstances and the extent of the related person's interest in the transaction.

The following tables sets forth the aggregate fees billed or expected to be billed by PWC for 2020 for audit and non-audit services, including "out-of-pocket" expenses incurred in rendering these services. The nature of the services provided for each category is described following the table.

The Audit and Finance Committee's policy is to pre-approve all audit and permissible non-audit services to be performed by the independent registered public accounting firm. These services may include audit services, audit-related services, tax services and other services. All such services provided in fiscal 2020 were pre-approved by the Audit and Finance Committee. Pre-approval is generally provided for up to one year and any pre-approval is detailed as to the particular service or category of services and is generally subject to a specific budget. The independent registered public accounting firm and management are required to periodically report to the full Audit and Finance Committee regarding the extent of services provided by the independent registered public accounting firm in accordance with this pre-approval, and the fees for the services performed to date.

The Audit and Finance Committee has delegated pre-approval authority to its chairman when necessary due to timing considerations. Any services pre-approved by such chairman must be reported to the full Audit and Finance Committee at its next scheduled meeting.

The Audit and Finance Committee is comprised of Paul Clancy, Thomas Carey, Daniel Levangie and Michael Wyzga. None of the members of the Audit and Finance Committee is an officer or employee of the Company, and the Board of Directors has determined that each member of the Audit and Finance Committee meets the independence requirements promulgated by The NASDAQ Stock Market and the SEC, including Rule 10A-3(b)(1) under the Exchange Act.

The Audit and Finance Committee oversees the Company's financial reporting process on behalf of the Board of Directors. Management has the primary responsibility for the financial statements and the reporting process, including the systems of internal controls and the certification of the integrity and reliability of the Company's internal controls procedures. In fulfilling its oversight responsibilities, the Audit and Finance Committee has reviewed the Company's audited consolidated balance sheets at December 31, 2020 and 2019 and the related consolidated statements of operations, comprehensive loss, stockholders' equity and cash flows for each of the three years in the period ended December 31, 2020, and has discussed them with both management and PricewaterhouseCoopers ("PWC"), the Company's independent registered public accounting firm. The Audit and Finance Committee has also discussed with the independent registered public accounting firm the matters required to be discussed by the Auditing Standard No. 1301, Communications with Audit Committees, as adopted by the Public Company Accounting Oversight Board. The Audit and Finance Committee has reviewed permitted services under rules of the SEC as currently in effect and discussed with PWC their independence from management and the Company, including the matters in the written disclosures and the letter from the independent registered public accounting firm required by the applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant's communications with the Audit and Finance Committee concerning independence. The Audit and Finance Committee has also considered and discussed the compatibility of non-audit services provided by PWC with that firm's independence.

Based on its review of the consolidated financial statements and the aforementioned discussions, the Audit and Finance Committee concluded that it would be reasonable to recommend, and on that basis did recommend, to the Board of Directors that the audited consolidated financial statements be included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020.

This Proposal 3 enables our stockholders to cast a non-binding, advisory vote to approve the compensation of our named executive officers as disclosed in this Proxy Statement.

As described in detail under the heading "Compensation and Other Information Concerning Named Executive Officers—Compensation Discussion and Analysis" beginning on page 30, our executive compensation program is designed to attract, motivate and retain our executive officers, who are critical to our success. Please read the "Compensation and Other Information Concerning Named Executive Officers" section beginning on page 30 for additional details about our executive compensation programs, including information about the 2020 compensation of our named executive officers.

We are asking our stockholders to indicate their support for our executive compensation programs as described in this Proxy Statement. This vote is not intended to address any specific term of compensation, but rather the overall compensation of our named executive officers and the philosophy, policies and practices described in this Proxy Statement. Accordingly, we are asking our stockholders to vote FOR the following resolution at the annual meeting:

Although the vote on this Proposal 3 regarding the compensation of our named executive officers is not binding on our Board of Directors, we value the opinions of our stockholders and will consider the result of the vote when determining future executive compensation arrangements.

The foregoing resolution will be approved if holders of a majority of the shares present or represented at the 2021 Annual Meeting, in person or by proxy, and voting on Proposal 3 vote in favor of such resolution.

This Compensation Discussion and Analysis explains our executive compensation program as it relates to our named executive officers ("NEOs") determined in accordance with SEC rules, whose compensation information is presented in the following tables and discussion in accordance with SEC rules:


NAME		POSITION

Kevin Conroy		Chairman, President and Chief Executive Officer

Jeffrey Elliott		Executive Vice President, Chief Financial Officer and Chief Operating Officer

D. Scott Coward		Executive Vice President, General Counsel, Chief Administrative Officer and Secretary

Graham Lidgard		Chief Science Officer, Emeritus

Jacob Orville		General Manager, Pipeline

Mark Stenhouse		Former General Manager, Screening

Gisela Paulsen		Former General Manager, Precision Oncology

As described in further detail below, our executive compensation program is designed to focus executive behavior on achievement of both our annual and long-term objectives and strategy as well as align the interests of management with those of our stockholders. To that end, executive compensation generally consists of three primary elements: salary, long-term time- and performance-based equity interests and an annual cash bonus opportunity based on corporate performance.

The past year was challenging yet transformative for the Company. In early 2020, we recognized the significant threat to public health that the COVID-19 pandemic was creating. Urgent action was necessary. We took proactive steps to ensure the continuity of our lab operations, protect and prioritize patient care, and respond to the need for COVID-19 testing.

Against the challenging backdrop of the pandemic, the Company's team, throughout the organization, was resilient, innovative, and open-minded. We are tremendously proud of our efforts and actions, and the progress our team achieved in 2020 towards our mission of eradicating cancer and the suffering it causes. We were able to provide patient care throughout the pandemic by maintaining uninterrupted operations at our lab and manufacturing facilities. Further, and importantly, we are extremely proud of our efforts to develop and launch a scalable COVID-19 testing solution.

As the pandemic and its effects rapidly evolved and created great uncertainty for our employees and our business, we took decisive actions aimed to protect the interests of all our stakeholders, starting with our employees, our customers, our shareholders, and our communities. These actions included cost-saving measures, as well diverting and re-assigning Company resources to focus on the development and launch of COVID-19 testing capabilities. Actions and achievements included:

We took several immediate actions to protect and support our employees. One of our first steps was developing and launching a COVID-19 test to keep our employees safe. We allowed non-essential employees to work from home. We also set up an online, Company-paid pantry for employees who were impacted by the pandemic and needed access to essential personal hygiene, family and food items.

The pandemic showcased our ability to innovate and execute quickly, supporting our employees, customers, and community. A team of more than 1,000 employees from functions across the Company rapidly came together under demanding conditions to develop, secure FDA emergency use authorization, and launch our COVID-19 testing capability.

These efforts first began to test employees on a regular, frequent basis in order to keep our employees safe and continuing to serve patients. However, what started as a mission to take care of our employees soon was extended to the broader community. In 2020, we tested over 2 million people for COVID-19, delivering results in all 50 states.

In April, in consideration of the rapid and significant decline in standard wellness visits and preventive services and the adverse effect on Cologuard test order volume, the Company proactively initiated certain temporary cost-saving measures, as described in further detail below in this Compensation Discussion and Analysis to the extent such measures relate to the compensation of our NEOs. Such temporary measures included:

The Company estimates that we reduced operating expenses by $200 million, helping us to secure employee jobs and sustain the Company during this difficult period of time.

Key compensation actions that were directly based on the challenges of the pandemic included, as described in further detail elsewhere in this Proxy Statement:


		Base salary reductions As previously mentioned, as part of the April 2020 cost-saving actions, base salaries were temporarily reduced for our executive leadership team. This included the CEO, whose base salary was temporarily effectively reduced to zero. Gradually, we were fortunate enough to be able to restore salary levels for these employees over the second half of the year, as our business started to recover from the pandemic.
		Eliminating board annual cash retainers Also as previously mentioned, the annual cash retainers for board members were temporarily eliminated.
		Annual bonuses reduced In 2020, performance goals were set for the annual bonus plan with consideration for the potential adverse impact of COVID-19 on our business. Goals were based on revenue and customer satisfaction, with diversity goals accounting for an additional modifier for employees at the level of vice president and above. While 116% of target was achieved, as well as an additional positive diversity modifier for employees at the level of vice president and above, our Compensation and Management Development Committee determined to limit annual incentives to 105% of target, as more fully described below in this Compensation Discussion and Analysis. Our Compensation and Management Development Committee also determined not to increase the payouts at the level of vice president and above due to the achievement of the diversity goal so that employees below the level of vice president would be treated similarly in light of outstanding performance by all our employees under extraordinary circumstances during 2020.
		2019 PSU modification As previously mentioned, in 2020 significant Company resources were reallocated to development and launching of COVID-19 testing. As such, in June 2020 the 2019 PSUs were modified to reduce the 30% maximum payout for scientific milestones to 22.5% and two of the milestones were modified due to reallocation of resources to COVID-19 testing and difficulties in implementing clinical trials in light of COVID-19 restrictions on potential participants. In December 2020, in order to take into account the Company's revenues attributable to COVID-19 testing (revenues not anticipated at the time the PSUs were granted), our Compensation and Management Development Committee approved further modifications to the PSUs so revenues attributable to COVID-19 testing would count towards achievement of threshold non-Genomic Health revenues, so that once such threshold is achieved, revenues attributable to COVID-19 testing would not count towards non-Genomic Health revenues for purposes of the PSUs. Our Compensation and Management Development Committee determined that the foregoing modifications did not increase the size or probability of the payouts under the PSUs.

Despite all the challenges, we had a very strong, successful year and continued to execute on our long-term growth strategy. Highlights included continuing to grow through strategic acquisitions, strong revenue and cash growth, as well as numerous operational achievements:

The result of these financial and operational achievements was reflected in our strong shareholder return:

The pandemic is not over. Despite challenges that still exist, we have never been more excited about the impact the Company will have on patient lives with Cologuard, Oncotype IQ, and our future tests. We are a leader in cancer diagnostics because of our people, scientific platform, and market-leading Cologuard and Oncotype IQ tests. The Company believes that our cost savings, coupled with our strong cash position, will enable us to continue serving patients who rely on our screening and diagnostic products and services through the remainder of the COVID-19 pandemic and thereafter.

To further align our management interests and incentives with our corporate goals and shareholder interests, we would like to highlight two aspects of our going-forward strategy:

Diversity Goals—Beginning in 2020, we introduced a diversity measure to our senior leadership's annual bonus opportunity. Our leadership team tracks and monitors workforce diversity data to ensure we are fulfilling our aspiration to be known as a great place to work for all. As such, we added this metric to ensure ethnic and gender diversity in candidates participating in the final interview rounds for positions at Senior Director and higher levels.

Annual PSU Grants—Starting in 2021, our Compensation and Management Development Committee, based strongly on shareholder feedback, determined to move to granting PSUs annually (as opposed once every three years). This change will smooth payouts over time and will also allow our Compensation and Management Development Committee greater flexibility to annually grant equity awards that are appropriately sized and structured to reflect the Company's performance and evolving strategic focus, as opposed to locking in PSUs and related metrics for three-year periods.

Our compensation program for our executive officers is intended to achieve the following objectives:

Our executive compensation program generally consists of three primary elements: salary, long-term time- and performance-based equity interests and an annual cash bonus opportunity based on corporate performance. Pursuant to their employment agreements, Mr. Conroy and Mr. Lidgard participate in a long-term incentive plan that provides for certain cash payments upon certain changes of control of the Company. Pursuant to their employment agreements and our equity plans, certain of our executive officers are also eligible for severance payments and benefits under certain circumstances. We maintain an executive deferred compensation plan, which provides a tax-advantaged method for our eligible employees, including the NEOs, to save for retirement, and which helps us provide a competitive compensation package that enables us to attract and retain qualified executives. Our executive officers are also eligible for certain benefits offered to employees generally, including, life, health, disability, dental and vision insurance, as well as participation in our 401(k) plan and 2010 Employee Stock Purchase Plan. We do not currently believe it is necessary for the attraction or retention of management talent to provide executive officers with compensation in the form of perquisites (other than housing and relocation benefits from time to time and except as described below).

It is the responsibility of our Compensation and Management Development Committee to administer our compensation practices, to ensure that they are competitive and financially prudent and that they include incentives that are designed to appropriately drive performance. To achieve these objectives, our Compensation and Management Development Committee periodically reviews commercially-available, industry-specific compensation data for companies of generally similar stage of development, headcount, revenue and market capitalization in the diagnostic, biotechnology and medical device industries as a general guide for establishing our pay and equity practices and structures (as further described below under "Use of Peer Group Data"). Our Compensation and Management Development Committee uses this data generally to inform its decisions and does not benchmark specific compensation elements or total compensation to any specific percentile relative to peer companies. Instead, our Compensation and Management Development Committee applies judgment and discretion in establishing specific compensation elements and total compensation, taking into account not only such data, but also factors such as Company, business and individual performance, scope of responsibility, critical needs and skill sets, leadership potential and succession planning. Our Compensation and Management Development Committee believes that retaining this discretion gives the Compensation and Management Development Committee the ability to more accurately reflect factors and individual contributions that cannot be absolutely quantified. Our Compensation and Management Development Committee, along with our Board of Directors, also reviews and approves corporate and financial objectives used in our executive compensation program to confirm that appropriate goals have been established and tracks performance against them. On an annual basis, our Compensation and Management Development Committee reviews tally sheets reflecting each executive officer's compensation

history with respect to each element of compensation, as well as projected payouts that would come due in connection with a termination or change of control.

Our Compensation and Management Development Committee generally conducts an annual review of performance and compensation during the first quarter of each year for the purpose of determining the compensation of executive officers other than the Chief Executive Officer. As part of this review, the Chief Executive Officer submits recommendations to our Compensation and Management Development Committee relating to the compensation of these officers. Following a review of these recommendations, our Compensation and Management Development Committee approves the compensation of these officers, with such modifications to the Chief Executive Officer's recommendations as our Compensation and Management Development Committee considers appropriate.

Our Compensation and Management Development Committee's review of the Chief Executive Officer's compensation is subject to additional procedures. With input from the independent directors, the Lead Independent Director, along with our Compensation and Management Development Committee, evaluates the Chief Executive Officer's performance and reviews the evaluation with him. Based on that evaluation and review and consultation with its independent compensation consultant, our Compensation and Management Development Committee then determines the Chief Executive Officer's compensation. The Chief Executive Officer does not attend the portions of meetings of our Compensation and Management Development Committee where the Committee votes or deliberates on his compensation.

Our Compensation and Management Development Committee has engaged Radford as its independent executive compensation consultant. Our Compensation and Management Development Committee has assessed the independence of Radford pursuant to SEC and listing exchange rules and concluded that no conflict of interest exists that would prevent Radford from serving as an independent consultant to our Compensation and Management Development Committee.

In late 2019 and early 2020, with the guidance of Radford, our Compensation and Management Development Committee conducted an annual review of the competitiveness of our executive compensation program, including the competitiveness of our base salaries, target total cash compensation, long-term incentives and target total direct compensation.

Radford analyzed the components of our executive compensation program against information blended from (1) proxy statement data from a peer group of companies that consisted of publicly-traded diagnostic, medical device, pharmaceutical, biotechnology, life sciences tools, healthcare technology and healthcare equipment companies that were similar to the Company in terms of stage of development, headcount, revenue, market capitalization and proxy advisory firms peer group selection criteria and (2) survey data from a broader group of commercial stage public diagnostics, biotechnology and medical device companies with revenue between $500 million and $5.0 billion and market capitalization between $4.0 billion and $50.0 billion.

Our Compensation and Management Development Committee seeks to identify an executive compensation peer group of approximately 20 companies in the diagnostic, biotechnology and medical device industries at a similar stage of development and comparable financial profile that may compete with the Company for executive talent. In October 2019, based on Radford's review and recommendations regarding the Company's executive compensation peer group, our Compensation and Management Development Committee approved a new peer group for 2020. In its review, Radford focused on creating a peer group that:

Based on Radford's recommendations, our Compensation and Management Development Committee (1) removed nine companies from the prior year's peer group either because they were acquired or were no longer comparable to the Company and (2) added nine companies to the prior year's peer group (Agilent Technologies, BioMarin Pharmaceutical, Bio-Techne, Edwards Lifesciences, Horizon Therapeutics, IDEXX Laboratories, Illumina, Penumbra, Regeneron Pharmaceuticals) that met the stated criteria.

COMPANY		INDUSTRY


ABIOMED		Health Care Equipment

Agilent Technologies		Life Sciences Tools and Services

Align Technology		Health Care Supplies

BioMarin Pharmaceutical		Biotechnology

Bio-Techne		Life Sciences Tools and Services

DexCom		Health Care Equipment

Edwards Lifesciences		Health Care Equipment

Guardant Health		Health Care Equipment

Hologic		Health Care Equipment

Horizon Therapeutics		Pharmaceuticals

IDEXX Laboratories		Health Care Equipment

Illumina		Life Sciences Tools and Services

Incyte		Biotechnology

Insulet		Health Care Equipment

Ionis Pharmaceuticals		Biotechnology

Masimo		Health Care Equipment

Penumbra		Health Care Equipment

Regeneron Pharmaceuticals		Biotechnology

ResMed		Health Care Equipment

Seagen (formerly Seattle Genetics)		Biotechnology

Radford also provided us with an assessment of our annual equity award burn rate and the expected retentive value of equity awards held by our executives, as well as an analysis of the alignment of Company performance and CEO compensation.

As noted above, our Compensation and Management Development Committee uses peer group data generally to inform its decisions and does not benchmark specific compensation elements or total compensation to any specific percentile relative to peer companies. Instead, our Compensation and Management Development Committee applies judgment and discretion in establishing specific compensation elements and total compensation, taking into account not only such data, but also factors such as Company, business and individual performance, scope of responsibility, critical needs and skill sets, leadership potential and succession planning. Our Compensation and Management Development Committee believes that retaining this discretion gives the Compensation and Management Development Committee the ability to more accurately reflect factors and individual contributions that cannot be absolutely quantified. Based on these principles, which for 2020 included consideration of the Company's increased complexity, headcount, revenue and market capitalization as a result of the recently acquired Genomic Health business, our NEOs' historical below-market compensation levels, the Company's exceptional recent performance, and Mr. Conroy's outstanding leadership, we reached the following conclusions and took the following actions with respect to our NEOs' executive compensation program in early 2020 (excluding Ms. Paulsen, who joined the Company later in 2020) before the COVID-19 pandemic:

For Mr. Orville, who joined the Company in 2019, the following 2019 compensation reflects the terms of his compensation approved by our Compensation and Management Development Committee in connection with the commencement of his employment in 2019. For Ms. Paulsen,

who joined the Company in April 2020, the following 2020 compensation reflects the terms of her compensation approved by our Compensation and Management Development Committee in connection with the commencement of her employment in 2020.

As described above and indicated in the tables below, equity awards granted in 2020 generally consisted of time-based stock options and RSUs as follows:

In late March 2020, in response to the rapidly evolving impact of the COVID-19 pandemic on the current business environment and at the suggestion of Mr. Conroy and the executive leadership team, the Compensation and Management Development Committee reduced Mr. Conroy's base salary to the amount necessary to cover his portion of contributions, and related taxes, under the Company benefit plans in which he participates (effectively reducing his take-home base salary to $0), and reduced the base salaries of the other NEOs by 15%. In June 2020, in light of business recovery, the Compensation and Management Development Committee partially rolled back the reduction in the base salaries of the NEOs other than Mr. Conroy from 15% to 7.5%. In September 2020, in light of continued business recovery, the Compensation and Management Development Committee eliminated the reductions in the base salaries for all the NEOs, including Mr. Conroy, effective October 2020.

Our Compensation and Management Development Committee believes that a meaningful portion of our executives' compensation should be "at risk"—in other words, contingent upon successful implementation of our strategy and goals. Accordingly, one component of our executive compensation program is an annual cash bonus opportunity under which each of our executive officers is eligible to earn an annual cash bonus with a specified target amount equal to a percentage of base salary, with the actual bonus awarded to be based upon the achievement of corporate goals determined by our Compensation and Management Development Committee in its discretion. In 2020, after taking into account the rapidly evolving impact of the COVID 19 pandemic on the current business environment, our Compensation and Management Development Committee approved metrics to be used to determine 2020 bonuses, which included (1) increased testing and (2) customer satisfaction. Our NEOs were eligible to earn bonuses for 2020 performance equal to up to 150% of their target bonuses (as shown in the table above). Our Compensation and Management Development Committee determined actual bonus payments after the end of 2020 based on the Committee's assessment of the performance of the Company, taking into account the business goals and weightings as described in the chart below.

Performance against the applicable goals is expected to be used by our Compensation and Management Development Committee in determining annual bonus payments. However, in determining actual bonus payments our Compensation and Management Development Committee ultimately relies on its judgment after a comprehensive review of Company performance, as well as consideration of qualitative and other factors, including the current business environment, without being tied to any formulas or pre-established weightings. Our Compensation and Management Development Committee has ultimate discretion to modify payouts and metrics and may periodically revisit goals and weightings as circumstances change. As described below, the Compensation and Management Development Committee exercised its discretion to reduce payouts with respect to the 2020 bonus plan.

In setting and determining 2020 bonus awards, our Compensation and Management Development Committee considered the executive team's achievement of a variety of business plan goals, which reflected the continuing uncertainty surrounding the COVID-19 pandemic on the Company's business, as follows:

Specifically, with respect to Company revenue goals, our Compensation and Management Development Committee viewed threshold, target and maximum goals at approximately $992 million, $1.28 billion and $2.03 billion, respectively. Customer satisfaction goals were measured using target levels tied to net promoter scores determined using proprietary customer surveys. Our Compensation and Management Development Committee has determined that the disclosure of such target levels would provide our competitors with insight into our internal confidential strategic and planning processes and could cause us competitive harm. Therefore, our Compensation and Management Development Committee has determined not to disclose such target levels in accordance with SEC rules. When setting such target levels, our Compensation and Management Development Committee determined that their achievement was aggressive but achievable.

In addition, for employees at the level of vice president and above, including our NEOs, our Compensation and Management Development Committee established additional goals based on employee engagement and improvements in organizational inclusiveness and diversity, which were expected to be used to adjust bonus payments by up to plus or minus 10% of target. Specifically, with respect to our Compensation and Management Development Committee's employee engagement goals, our Compensation and Management Development Committee viewed target achievement as employee engagement at or above the 50th percentile in the Gallup engagement index, with no threshold or maximum goals. With respect to our Compensation and Management Development Committee's goal to improve organizational inclusiveness and diversity, our Compensation and Management Development Committee viewed target achievement as 80% or greater representation in final interview slates for open roles at the level of senior director and above. While both the employee engagement and organizational inclusiveness and diversity targets were exceeded for 2020, our Compensation and Management Development Committee determined not to increase the bonus payouts for employees at the level of vice president and above in order for all participants in our annual cash bonus plan, including employees below the level of vice president, to be treated similarly in light of outstanding performance by all our employees under extraordinary circumstances during 2020.

After the end of 2020, our Compensation and Management Development Committee determined that the overall level of achievement against the bonus plan goals was 116% of target. As noted above, target levels were set after taking into account the rapidly evolving impact of the COVID 19 pandemic on the current business environment. Given the subsequent rebound in the business environment, our Compensation and Management Development Committee determined to award cash bonuses for 2020 performance at 105% of target. Accordingly, Mr. Conroy, Mr. Elliott, Mr. Coward, Mr. Lidgard, Mr. Orville, Mr. Stenhouse and Ms. Paulsen received cash bonuses of $1,374,450, $337,302, $324,450, $335,034, $227,120, $334,184 and $346,500 respectively.

We believe successful long-term Company performance is critical to enhancing stockholder value and aligning the interests of our executive officers with those of our stockholders. Our Compensation and Management Development Committee believes that annual equity awards provide executive officers with the opportunity to acquire long-term stock ownership positions, which motivates them to focus on long-term stockholder value, with the performance of each NEO primarily governing the Compensation and Management Development Committee's considerations in determining long-term equity awards to each of them. These awards are also intended to motivate the retention of our NEOs and provide our NEOs with a market competitive long-term equity incentive opportunity. As described above, equity awards granted in 2020 generally consisted of time-based stock options and RSUs.

In January 2020, our Compensation and Management Development Committee approved annual equity awards to our then-NEOs consisting of time-vesting RSUs and stock options, including the approval of the number of shares of our common stock subject to each award (as noted above, because the three-year performance vesting PSUs granted in 2019 were intended to cover performance-based awards for 2019 as well as 2020, such PSUs were not granted in 2020). These time-vesting awards were issued on February 14, 2020 in accordance with our Statement of Policy with respect to Equity Award Approvals. In connection with these annual equity awards, Mr. Conroy, Mr. Elliott, Mr. Coward, Mr. Lidgard, Mr. Orville and Mr. Stenhouse received stock options covering 100,916, 12,875, 12,875, 12,875, 6,581 and 11,455 shares, respectively. The shares underlying these options vest and become exercisable in four equal annual installments beginning on the first anniversary of the grant date. Mr. Conroy, Mr. Elliott, Mr. Coward, Mr. Lidgard, Mr. Orville and Mr. Stenhouse received RSUs covering 124,530, 15,888, 15,888, 15,888, 8,121 and 14,123 shares, respectively. These RSUs vest in four equal annual installments beginning on the first anniversary of the grant date. Ms. Paulsen joined us in 2020 after the foregoing awards were issued. In connection with her commencement of employment with the Company in 2020, Ms. Paulsen received RSUs covering 66,267 shares. Ms. Paulsen's RSU award vests in four equal annual installments beginning on the first anniversary of the grant date.

In January 2019, the Compensation and Management Development Committee approved annual equity awards, including to our then-NEOs consisting of time vesting RSUs and stock options, as well as three-year performance vesting PSUs tied 70% to Cologuard revenue growth and 30% to specified scientific milestones.

In December 2019, in order to take into account the addition of the recently acquired Genomic Health business, the Compensation and Management Development Committee approved modifications to the portion of the PSUs tied 70% to revenues so that 25% of such 70% will be based on Genomic Health revenues and 75% of such 70% will be based on non-Genomic Health revenues. These modifications were not related to the COVID-19 pandemic and, at the time the PSUs were granted, the Compensation and Management Development Committee determined that the portion of the PSUs tied to revenues would be modified in connection with any significant acquisitions, such as the Genomic Health acquisition. In June 2020, in order to take into account the effect of the COVID-19 pandemic on the Company's operations (including reallocation of resources to COVID-19 testing and difficulties in implementing clinical trials in light of COVID-19 restrictions on potential participants), the Compensation and Management Development Committee approved modifications to certain of the scientific milestones covered by the portion of the PSUs tied 30% to the specified scientific milestones. Specifically, the maximum 30% payout was reduced to a maximum payout of 22.5% and two of the milestones were modified. In December 2020, in order to take into account the Company's revenues attributable to COVID-19 testing (which revenues were not anticipated at the time the PSUs were granted), the Compensation and Management Development Committee approved modifications to the PSUs so that revenues attributable to COVID-19 testing would count towards achievement of threshold non-Genomic Health revenues, so that once such threshold is achieved, revenues attributable to COVID-19 testing would not count towards non-Genomic Health revenues for purposes of the PSUs. Our Compensation and Management Development Committee determined that the foregoing modifications did not increase the size or probability of the payouts under the PSUs.

The Company maintains the Exact Sciences Corporation 2010 Omnibus Long-Term Incentive Plan (As Amended and Restated Effective July 27, 2017) (as amended, the "2010 Plan"), under which, prior to the adoption of the 2019 Plan as described below, we were able to grant cash and equity incentive awards to eligible service providers in order to attract, motivate and retain the talent for which we compete. The Company also maintains the Exact Sciences Corporation 2019 Omnibus Long-Term Incentive Plan (the "2019 Plan"). The 2019 Plan, like the 2010 Plan, provides for the grant of incentive stock options, nonstatutory stock options, stock appreciation rights, restricted stock awards, restricted stock units and other stock-based awards. Incentive stock options may be granted only to employees, and all other awards may be granted to our and certain affiliates' employees, non-employee directors, consultants and other service providers. The 2019 Plan is administered by our Board of Directors or a committee of our Board of Directors designated by our Board of Directors to administer the 2019 Plan. Our Board of Directors has designated the Compensation and Management Development Committee to administer the 2019 Plan.

If any of the Company's financial statements are required to be restated, the Company may be entitled to recover all or a portion of any award made under the 2010 Plan or 2019 Plan with respect to any fiscal year of the Company the financial results of which are negatively affected by the restatement. The amount to be recovered will be the amount by which the affected award exceeds the amount that would have been payable had the financial statements been initially filed as restated. Moreover, any award, amount or benefit received under the 2010 Plan or 2019 Plan, as applicable, will be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of any applicable Company clawback policy or any applicable law, as may be in effect from time to time, whether adopted prior to or following the date of the award.

We maintain an executive non-qualified deferred compensation plan pursuant to which certain service providers, including our named executive officers, prior to 2020 were entitled to defer up to 100% of their cash compensation other than bonuses and 100% of their cash bonuses and beginning in 2020 were entitled to defer up to 75% of their cash compensation other than bonuses and 75% of their cash bonuses, and pursuant to which we may make matching and other contributions in our discretion. Any matching contributions made by us generally would be subject to continued service for one year, subject to earlier vesting upon death, disability, a change in control of us or the participant becoming eligible for retirement under the plan. A participant generally may elect to receive his or her account balance under the plan upon attaining an age specified by the participant or upon the participant's retirement, in either case in lump-sum or in annual installments as specified in the plan, provided that the participant's remaining account balance generally would be paid to the participant in lump-sum in the event of the participant's separation from service with us prior to retirement or in the event of death or disability.

We permit executive officers to purchase common stock at a discount through our 2010 Employee Stock Purchase Plan on the same terms and conditions as our other employees. Executive officers may also participate in our 401(k) Plan, which allows for the investment of a portion of plan assets in shares of our common stock. Our Compensation and Management Development Committee approved a discretionary matching Company contribution to our 401(k) Plan for 2020. The matching contribution was made using Company stock in an amount equal to 100% of an employee's total deferrals into the plan up to a limit of 6% of the employee's total compensation (subject to IRS limits).

We provide our stockholders with the opportunity to cast an annual advisory vote on executive compensation (a "say-on-pay proposal"). At the Company's annual meeting of stockholders held in July 2020, approximately 96% of the votes cast on the say-on-pay proposal at the meeting were voted in favor of the proposal. Our Compensation and Management Development Committee believes this vote affirms our stockholders' support of the Company's approach to executive compensation and did not make specific changes to our executive compensation program in response to the vote. However, our Compensation and Management Development Committee continues to review and refine the design and administration of our executive pay practices. Our Compensation and Management Development Committee also will continue to consider the outcome of the Company's say-on-pay votes when making future compensation decisions for our NEOs.

We maintain Stock Ownership Guidelines to encourage ownership of shares of the Company's common stock by our directors and executive officers, to further align their interests with the long-term interests of our stockholders and to further promote the Company's commitment to sound corporate governance. Under these guidelines, directors and executive officers have until three years from the date the director or executive officer becomes subject to the guidelines, to achieve an ownership target equal to the lower of the "Base Salary Target" and the "Fixed Share Target" determined as follows:

"Annual Retainer" or "Base Salary" for purposes of both the Base Salary Target and Fixed Share Target is the director's annual retainer or the executive's base salary, as applicable, on June 30 of each fiscal year.

"Stock Value" for purposes of the Base Salary Target is calculated annually at the end of each fiscal year based on the average of the closing prices of our common stock for the last 30 trading days of the fiscal year.

"Stock Value" for purposes of the Fixed Share Target is calculated as of the later of (1) January 1, 2012, and (2) the date the director or executive officer originally becomes subject to the Stock Ownership Guidelines, as the case may be, based on the average of the closing prices of our common stock for the 30 days leading up to, and inclusive of, the applicable date.

Each director and executive officer is expected to continuously own sufficient shares to satisfy either the Base Salary Target or the Fixed Share Target ownership target once attained for as long as he or she remains subject to the Stock Ownership Guidelines. Vested "in the money" stock options count as owned shares for this purpose but unvested stock options, restricted shares, restricted stock units, and deferred stock units and vested "out of the money" stock options do not. If an individual's ownership target increases because of a change in position or compensation, the individual will have a three-year period to achieve the incremental amount of shares beginning on the effective date of the change in position or compensation.

Following the initial three-year period that the director or executive officer is afforded to achieve his or her individual ownership target under the Stock Ownership Guidelines, until a director or executive officer has satisfied the applicable ownership target, the director or executive officer is required to retain an amount equal to 50% of the net shares received as the result of the exercise, vesting or payment under any Company equity awards granted to the director or executive. This amount is calculated using the closing price of our common stock on the trading day immediately preceding the date of exercise, vesting or payment under the equity award. Once a director or executive officer achieves his or her individual ownership target, the retention requirements as described above no longer will apply to such director or executive officer unless a disposition by such director or executive officer would cause such individual's stock ownership to fall below his or her ownership target.

As of June 30, 2020, each of our directors and executive officers was in compliance with the Stock Ownership Guidelines.


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Check the appropriate box:
o		Preliminary Proxy Statement
o		Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
ý		Definitive Proxy Statement
o		Definitive Additional Materials
o		Soliciting Material under §240.14a-12


2021 Proxy Summary		1
Proposal 1—Election of Directors		5
Information Concerning Directors and Nominees for Director		6
Information Concerning Executive Officers		11
Corporate Governance Principles, Board Matters and Non-Employee Director Compensation		13
Proposal 2—Ratification of Appointment of Independent Registered Public Accounting Firm		25
Certain Relationships and Related Transactions		26
Independent Registered Public Accounting Firm		27
Report of the Audit and Finance Committee		28
Proposal 3—Advisory Vote on Executive Compensation		29
Compensation and Other Information Concerning Named Executive Officers		30
Report of the Compensation and Management Development Committee		46
Executive Compensation Tables		47
Equity Compensation Plan Information		53
CEO Pay Ratio		54
Securities Ownership of Certain Beneficial Owners and Management		55
Section 16(a) Beneficial Ownership Reporting Compliance		57
Other Business		57
Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be Held on June 30, 2021		57
Questions and Answers		58


Date and Time:		Wednesday, June 30, 2021, at 10:00 a.m., Central Time
Location:		Meeting live via the Internet by visiting https://www.virtualshareholdermeeting.com/EXAS2021
Record Date:		May 6, 2021
Admission:		To participate in the Annual Meeting, visit https://www.virtualshareholdermeeting.com/EXAS2021. You will need the 16-digit control number included on your Notice of Internet Availability of Proxy Materials, on your proxy card or on the instructions that accompanied your proxy materials.

Fee Category	2020


Audit Fees(1)	$	2,065,000

Audit-Related Fees(2)		50,000

Tax Fees(3)		80,000

All Other Fees		—

Total	$	2,195,000

NAME


Kevin Conroy	800,200	935,000

Jeffrey Elliott	460,000	535,400

D. Scott Coward	484,100	515,000

Graham Lidgard	477,500	531,800

Jacob Orville	400,000	435,000

Mark Stenhouse	515,000	530,500

Gisela Paulsen	N/A	550,000


* Independent Chair Member † Lead Independent Director
*AFC* = Audit and Finance Committee; *CMDC* = Compensation and Management Development Committee; *CGNC* = Corporate Governance & Nominating Committee; *ITPC* = Innovation, Technology and Pipeline Committee



SARAH CONDELLA

	Position: Executive Vice President, Human Resources	Sarah Condella age 40, has served as our Executive Vice President, Human Resources since January 2021, and previously served in increasing roles of responsibility, including as Senior Vice President, Human Resources; Vice President; Senior Director; and Director, since joining Exact Sciences in 2012. Prior to joining Exact Sciences, Ms. Condella served as a Human Resources Manager at GE Healthcare and as a Manager and Project Director at the University of Wisconsin Survey Center. Ms. Condella currently serves on the boards of the Madison Children's Museum and Gilda's Club. Ms. Condella earned a bachelor's degree and an MBA from the University of Wisconsin-Madison.

NAME		AUDIT AND FINANCE		COMPENSATION AND MANAGEMENT DEVELOPMENT		CORPORATE GOVERNANCE AND NOMINATING		INNOVATION, TECHNOLOGY AND PIPELINE


Thomas Carey

Paul Clancy

James Doyle

Pierre Jacquet

Daniel Levangie

Freda Lewis-Hall

Shacey Petrovic

Kathleen Sebelius

Michael Wyzga

Katherine Zanotti

COMMITTEE CHAIRPERSON COMPENSATION		ANNUAL RETAINER ($)


Audit and Finance Committee			25,000

Compensation and Management Development Committee			20,000

Corporate Governance and Nominating Committee			13,000

Innovation, Technology & Pipeline Committee			13,000

COMMITTEE MEMBER COMPENSATION		ANNUAL RETAINER ($)


Audit and Finance Committee			12,500

Compensation and Management Development Committee			10,000

Corporate Governance and Nominating Committee			6,500

Innovation, Technology & Pipeline Committee			6,500

NAME		2020 OPTIONS


Kevin Conroy			100,916

Jeffrey Elliott			12,875

D. Scott Coward			12,875

Graham Lidgard			12,875

Jacob Orville			6,581

Mark Stenhouse			11,445

Gisela Paulsen			—

NAME		2020 RSUS


Kevin Conroy			124,530

Jeffrey Elliott			15,888

D. Scott Coward			15,888

Graham Lidgard			15,888

Jacob Orville			8,121

Mark Stenhouse			14,123

Gisela Paulsen			66,267

GOAL	PERFORMANCE MEASURES


Get more people tested	» Company revenue	75.0	%

Take care of our customers	» Customer satisfaction for Cologuard tests » Customer satisfaction for OncotypeDX tests	25.0	%



POSITION		BASE SALARY / FIXED SHARE TARGET

CEO		Number of shares with a Stock Value equal to or greater than 6 times Base Salary

Executive Officers		Number of shares with a Stock Value equal to or greater than 2 times Base Salary

Board of Directors		Number of shares with a Stock Value equal to or greater than 3 times Annual Retainer