UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) On January 28, 2021, the compensation and talent development committee (the “Committee”) of the board of directors (the “Board”) of BioTelemetry, Inc., a Delaware corporation (the “Company”), approved amendments to the existing employment agreements with each of Heather Getz, Executive Vice President, Chief Financial and Administrative Officer, and Fred (Andy) Broadway III, President, BioTel Heart. The amendments increased the cash severance payments to which each of Ms. Getz and Mr. Broadway would be entitled if her or his employment is terminated by the Company without cause or by individual for good reason to (i) one and a half times her or his annual base salary as of the last day of active employment (increased from one times annual base salary) and (ii) one and a half times her or his target annual performance incentive bonus in effect at the time of her or his termination (increased from one times such bonus). In addition, the amendments increase Ms. Getz’s and Mr. Broadway’s right to continued coverage in the Company’s medical, dental and vision plans to eighteen months following the applicable date of the qualifying termination (increased from twelve months).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BioTelemetry, Inc. | ||
| By: | /s/ Heather C. Getz | |
| Name: | Heather C. Getz | |
| Title: | Executive Vice President, Chief Financial | |
| and Administrative Officer | ||
Date: January 29, 2021