Company: BSX
Filing Date: 2025-04-23
Form Type: 8-K
Source: 0000885725-25-000024
Chunk: 1

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-04-23
Form: 8-K
Item: Item 5.02
Chunk 1
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 2016. Prior to joining the Company, he was a senior auditor at Arthur Andersen LLP. Mr. Monson received a BA degree in economics and accounting from the College of the Holy Cross and is a certified public accountant.

Under the terms of Mr. Monson’s offer letter (the “ Offer Letter”), effective as of June 30, 2025, as Executive Vice President and Chief Financial Officer, Mr. Monson will be entitled to the following:

• An annual base salary of $700,000;

• Continued eligibility to participate in the Company’s 2025 ABP, with an incentive target percentage equal to 80% of his annual base salary;

• Eligibility to participate in the Company’s Deferred Bonus Plan, as previously filed with the SEC, pursuant to which, commencing in 2025, Mr. Monson will be able to elect to defer up to 75% of the annual bonus awarded to him in 2025 or any subsequent year;

• A promotional equity award having a total grant date fair value of $1,750,000, to be made pursuant to the Company’s 2011 Long Term Incentive Plan, as amended (the “ LTIP”), as previously filed with the SEC. The equity award will be in the form of non-qualified stock options or restricted stock units or a mix of both, in each case subject to the provisions of the LTIP and applicable award agreements and vesting 25% per year, beginning on the first anniversary of the date of grant; thereafter, long term incentive compensation grants for Mr. Monson will be evaluated annually in the normal course by the Executive Compensation and Human Resources Committee of the Company’s Board of Directors, consistent with the Company’s long term incentive program for its executive officers;

• The opportunity to participate in the Company’s Executive Retirement Plan, as previously filed with the SEC, under which Mr. Monson would be eligible to receive certain benefits if he retires (as defined in the Executive Retirement Plan) from the Company, including a lump sum payment equal to 2.5 months base salary for each year of service, subject to a maximum benefit of 36 months; and

• Payments and benefits provided for under the Company’s standard form of Change in Control Agreement for its executive officers, as previously filed with the SEC, in the event of, following a Change in Control, Mr. Monson’s termination by the Company without “cause” or his resignation for “good reason,” all subject to and in accordance with the