8-KLeadership ChangesExhibits & Filings

DEXCOM INC 8-K Report, Executive Changes (Dec 16, 2008)

Filed December 16, 2008For Securities:DXCM

Summary

This 8-K filing by DexCom, Inc. (DXCM) on December 16, 2008, announces a key executive change: the promotion of Steven R. Pacelli to the newly created position of Chief Administrative Officer, effective December 15, 2008. In this expanded role, Mr. Pacelli will be responsible for overseeing several critical administrative functions, including finance, corporate development, managed care, legal, human resources, intellectual property, and investor relations. The promotion signals a strengthening of DexCom's senior leadership team as the company navigates its growth phase. Mr. Pacelli's prior experience as Senior Vice President of Corporate Affairs and Vice President of Legal Affairs, along with his background as a corporate attorney, positions him well for these new responsibilities. Investors should note the compensation adjustments associated with this promotion, including an increased base salary and a target bonus tied to performance milestones.

Key Highlights

  • 1DexCom, Inc. announced the promotion of Steven R. Pacelli to Chief Administrative Officer on December 15, 2008.
  • 2This is a newly created position, indicating a restructuring or expansion of executive responsibilities.
  • 3Mr. Pacelli's new role encompasses oversight of finance, corporate development, managed care, legal, human resources, intellectual property, and investor relations.
  • 4Mr. Pacelli has prior experience within DexCom as Senior Vice President of Corporate Affairs and Vice President of Legal Affairs.
  • 5His compensation package has been adjusted to include a base salary of $260,652 and a target bonus of 40% of base salary, contingent on performance.
  • 6The bonus award is linked to the achievement of specific revenue and operational performance milestones.
  • 7Mr. Pacelli will continue to be eligible for existing short-term and long-term incentive programs.

Frequently Asked Questions

The promotion of Steven R. Pacelli to the newly created role of Chief Administrative Officer signifies an expansion and centralization of key administrative functions under one senior executive. This suggests DexCom is strengthening its operational infrastructure and senior leadership team to manage growth and its diverse business operations more effectively.

The Chief Administrative Officer, Steven R. Pacelli, will oversee a broad range of critical functions including finance, corporate development, managed care, legal, human resources, intellectual property, and investor relations.

Mr. Pacelli's base salary has been increased to $260,652. Additionally, his target bonus has been set at 40% of his base salary, with the award dependent on achieving specific revenue and operational performance milestones. He remains eligible for DexCom's existing incentive programs.

Yes, Mr. Pacelli has significant prior experience within DexCom, serving as Senior Vice President of Corporate Affairs since July 2007 and previously as Vice President of Legal Affairs. His background also includes experience as a corporate attorney.