Company: MYGN
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000899923-25-000028
Chunk: 73

Company: MYRIAD GENETICS INC
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 73
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 salary during fiscal year 2024 was $550,000 and he is eligible to receive an annual target cash bonus equal to 75% of his annual base salary upon achievement of goals to be established by the CHCC. Mr. Leffler received a sign-on bonus in the amount of $400,000, which was paid in February 2024, portions of which are subject to clawback in the event of a termination for certain reasons before the first and second anniversaries of the commencement of Mr. Leffler's employment. Mr. Leffler also received an initial one-time grant of 117,770 time-based restricted stock units, which vest in four equal installments on each of the first four anniversaries of Mr. Leffler's start date subject to his continued employment us, in connection with the commencement of his employment with us on January 29, 2024. His incentive cash bonus for the 2024 fiscal year was $428,539. On March 15, 2024, Mr. Leffler was granted 46,904 PSUs, which are subject to the achievement of revenue and adjusted EPS targets based on fiscal year 2026 results and relative total stockholder return targets over a three-year measurement period ending December 31, 2026, and 46,905 RSUs, which are subject to time-based vesting requirements (33.3% vesting each year over a three-year period).

Mr. Riggsbee was appointed to the position of Chief Financial Officer in October 2014, and entered into the Company’s standard form of employment agreement at that time. He was appointed interim President and Chief Executive Officer on February 6, 2020, following the resignation of former Chief Executive Officer, Mark C. Capone, and served in that additional position until August 13, 2020, when Mr. Diaz joined us. On December 15, 2023, Mr. Riggsbee notified the Company that he was resigning from his position as Chief Financial Officer, effective January 29, 2024. In connection with Mr. Riggsbee’s departure, we and Mr. Riggsbee entered into the Riggsbee Separation Agreement, pursuant to which Mr. Riggsbee remained an employee of the Company until January 31, 2024, upon which date he transitioned to providing consulting services to the Company until March 31, 2024 (the “Separation Date” and such period, the “