# EDGAR Filing Document

**Accession Number:** 0001110803
**File Stem:** 0001110803-23-000006
**Filing Date:** 2023-2
**Character Count:** 13775
**Document Hash:** d6c37c886c38131b32fd574531cf190b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001110803-23-000006.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001110803-23-000006

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230131

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ILLUMINA, INC.
- **CENTRAL INDEX KEY:** 0001110803
- **STANDARD INDUSTRIAL CLASSIFICATION:** LABORATORY ANALYTICAL INSTRUMENTS [3826]
- **IRS NUMBER:** 330804655
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0101

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35406
- **FILM NUMBER:** 23577875

**BUSINESS ADDRESS:**
- **STREET 1:** 5200 ILLUMINA WAY
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92122
- **BUSINESS PHONE:** 8582024500

**MAIL ADDRESS:**
- **STREET 1:** 5200 ILLUMINA WAY
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ILLUMINA INC
- **DATE OF NAME CHANGE:** 20000331

?xml version="1.0" ? ilmn-20230131

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 8-K**

**Current Report**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): January 31, 2023**![ilmn-20230131_g1.jpg](ilmn-20230131_g1.jpg)

**Illumina, Inc.**

(Exact name of registrant as specified in its charter)

**001-35406**

(Commission File Number)

---

| | |
|:---|:---|
| **Delaware** | **33-0804655** |
| (State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) |

---

**5200 Illumina Way, San Diego, CA 92122**

(Address of principal executive offices) (Zip code)

**(858) 202-4500**

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | ILMN | The Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐&nbsp;&nbsp;&nbsp;&nbsp;

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13a of the Exchange Act. □&nbsp;&nbsp;&nbsp;&nbsp;

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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.** 

**(c) and (e)**

On February 1, 2023, Illumina, Inc. (the "Company") announced that Joydeep Goswami, Chief Strategy and Corporate Development Officer & Interim Chief Financial Officer of the Company, has been appointed as Chief Financial Officer of the Company, effective January 31, 2023 (the "Appointment Date"). Mr. Goswami will continue to serve as principal financial officer for purposes of the Company's filings with the Securities and Exchange Commission.

Mr. Goswami, age 51, has served as Chief Strategy and Corporate Development Officer & Interim Chief Financial Officer of the Company since June 2022. He has served as Chief Strategy and Corporate Development Officer of the Company since 2021 and served as Senior Vice President, Corporate Development & Strategic Planning from 2019 to 2021. From 2016 to 2019, he served as the President of Thermo Fisher Scientific's Clinical Next-Generation Sequencing (NGS) and Oncology business unit, where he oversaw efforts that drove the adoption of NGS in clinical oncology, research and reproductive health. Goswami has held senior leadership roles across the pharma/biotech, diagnostics and research tool continuum, previously serving at companies such as Life Technologies and Invitrogen, in addition to Thermo Fisher Scientific. He has led teams across various functions, including sales, marketing, R&D and other support functions. Mr. Goswami served as President, Asia Pacific and Japan while at Thermo Fisher Scientific and created the Stem Cells and Regenerative Medicine Business Unit at Invitrogen. Additionally, he spent five years at McKinsey, where he specialized in strategy for pharmaceutical, medical technology and technology companies. Mr. Goswami holds his MS, PhD in Chemical Engineering, an MBA from MIT and a Bachelor's degree in Chemical Engineering from the Indian Institute of Technology.

As of the Appointment Date, Mr. Goswami's compensation arrangements include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an annual base salary of $600,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• eligibility to participate in the Company's executive variable compensation plan, which is an "at-risk" cash bonus compensation program, with a target award amount of 60% of his base salary, subject to the achievement of individual and corporate performance objectives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the expected receipt of a grant, effective March 1, 2023, of a number of restricted stock units equivalent in value to $2,000,000 divided by the per share closing Company stock price on the grant date, vesting over four years with 25% of the RSUs vesting on November 5, 2023, 2024, 2025, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the expected receipt of a grant, effective March 1, 2023, of a number of performance share units (PSUs) equivalent in value to $800,000 divided by the per share closing Company stock price on the grant date. The PSUs will vest based on achievement of specified earnings per share (EPS) targets for the fiscal year ending December 29, 2024. The PSUs issuable will range from 0% to 150% of the specified PSU award, based on actual performance relative to the specified EPS target;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the expected receipt of a grant, effective March 1, 2023, of a number of performance share units (PSUs) equivalent in value to $1,200,000 divided by the per share closing Company stock price on the grant date. The PSUs will vest based on achievement of relative shareholder return (rTSR) over a three-year performance period ending December 28, 2025. The PSUs issuable will range from 0% to 175% of the specified PSU award, based on Illumina's percentile rank relative to a designated rTSR peer group; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• be eligible to participate in the Company's compensation and benefit plans and programs as may generally be made available to other employees of the Company at his level.

Mr. Goswami is not a party to any arrangement or understanding regarding his appointment. Mr. Goswami has no family relationships with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. Mr. Goswami is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Other than as described herein, Mr. Goswami has not entered into any material plan, contract, arrangement, or amendment in connection with his appointment.

On February 1, 2023, the Company issued a press release regarding the foregoing matter. The press release is attached hereto as Exhibit 99.1.

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**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

99.1&nbsp;&nbsp;&nbsp;&nbsp;Press release dated February 1, 2023 issued by Illumina, Inc.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | **ILLUMINA, INC.** | **ILLUMINA, INC.** |
| Date: | February 1, 2023 | By: | /s/ CHARLES E. DADSWELL |
|  |  |  | **Charles E. Dadswell** |
|  |  |  | **General Counsel and Secretary** |

---

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**Exhibit Index**

---

| | |
|:---|:---|
| Exhibit Number | Description |
| <u>[99.1](exhibit991goswami.htm)</u> | Press release dated February 1, 2023 issued by Illumina, Inc. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

## Exhibit 99.1

![picture1a.jpg](picture1a.jpg)

**Illumina Appoints Joydeep Goswami Chief Financial Officer**

SAN DIEGO, February 1, 2023 /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, today announced Joydeep Goswami has been appointed Chief Financial Officer, effective immediately. Goswami previously served as Illumina's Chief Strategy and Corporate Development Officer and interim Chief Financial Officer. As CFO, Goswami will be responsible for the Company's financial planning and analysis, accounting, investor relations, internal audit, tax, and treasury functions. He will also continue to lead the corporate development and strategic planning function.

"Joydeep's strategic expertise, deep industry knowledge, and extensive global business experience make him ideally positioned to help lead the next phase of Illumina's growth," said Francis deSouza, Illumina's Chief Executive Officer. "Joydeep is a proven and disciplined leader with a strong track record of creating value and building high-performing teams."

Goswami assumed all CFO responsibilities on an interim basis in July 2022 and has served as Chief Strategy and Corporate Development Officer since 2019. In that role, Goswami was responsible for driving planning, strategic partnerships and acquisitions and worked closely with the Finance organization on capital allocation, financial planning, and deal execution.

"As CFO, I look forward to helping maximize long-term shareholder value by scaling our financial operations, analytics and forecasting capabilities," said Goswami. "Working closely with the entire leadership team and our world-class finance organization, we'll continue to deliver on Illumina's mission to improve human health by unlocking the power of the genome."

With more than 20 years of experience in the life sciences industry, Goswami has held various senior and international management roles with P&L responsibility. Prior to joining Illumina, he was President, Clinical Next Generation Sequencing (NGS) and Oncology at Thermo Fisher Scientific, where he led the expanded application of NGS across clinical oncology, research, and reproductive health segments. While at Thermo Fisher, he also served as President, Asia Pacific and Japan leading the integration of Life Technologies APJ business into the regional Thermo Fisher organization, doubling organic growth while significantly improving the profitability of the business. Earlier in his career, Goswami was President, Japan at Life Technologies where he drove strong top and bottom-line growth through key customer engagement. Goswami began his career at McKinsey & Company, where he managed projects and teams serving global clients spanning several industries including pharmaceuticals, medical products, chemical, private equity and technology.

Goswami holds an M.S., Ph.D. in chemical engineering, and an MBA from the Massachusetts Institute of Technology, as well as a bachelor's degree in chemical engineering from the Indian Institute of Technology, Mumbai.

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"We have full confidence in Joydeep and his ability to drive continued growth and profitability in partnership with Illumina's already strong finance leadership team," said Caroline Dorsa, Illumina Board member and Chair of the Audit Committee. "From my own experience, I know how important it is to have a financial leader who brings both a strategic and operational mindset to creating shareholder value. Coming from his role as Chief Strategy and Corporate Development Officer, Joydeep brings a unique understanding of the genomics industry that is critical for success."

**About Illumina**

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. To learn more, visit www.illumina.com and connect with us on Twitter, Facebook, LinkedIn, Instagram, and YouTube.

**Investors:**

Salli Schwartz

858.291.6421 IR@illumina.com

**Media:**

David McAlpine

347-327-1336

PR@illumina.com

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