8-KLeadership ChangesExhibits & Filings

Guardant Health, Inc. 8-K Report, Executive Changes (Feb 27, 2023)

Filed February 27, 2023For Securities:GH

Summary

Guardant Health, Inc. (GH) announced a significant addition to its Board of Directors with the appointment of Musa Tariq, effective March 6, 2023. Mr. Tariq brings a wealth of marketing and brand leadership experience from prominent companies such as GoFundMe, Airbnb, Ford, Apple, and Nike. His appointment, which increases the Board size to nine directors, is intended to leverage his expertise in driving brand awareness and adoption, a valuable asset for a company focused on expanding its reach in the liquid biopsy market. Mr. Tariq will serve as a Class I director until the 2025 Annual Meeting of Stockholders and will also join the nominating and corporate governance committee. He will receive standard compensation for non-employee directors, including stock options and restricted stock units valued at $362,500, vesting over time. This strategic appointment underscores the company's commitment to strengthening its leadership team with seasoned professionals to support its growth and market penetration strategies.

Key Highlights

  • 1Musa Tariq appointed as a Class I director to the Guardant Health Board, effective March 6, 2023.
  • 2The Board size has been increased to nine directors to accommodate the new appointment.
  • 3Mr. Tariq possesses extensive marketing and brand leadership experience from companies including GoFundMe, Airbnb, Ford, Apple, and Nike.
  • 4He will serve on the nominating and corporate governance committee of the Board.
  • 5Mr. Tariq will receive standard non-employee director compensation, including a stock option and restricted stock unit award totaling $362,500.
  • 6Awards will vest over a four-year period, subject to continued service.
  • 7The company has entered into a standard indemnification agreement with Mr. Tariq.

Frequently Asked Questions

Musa Tariq is a seasoned marketing executive with extensive experience. He currently serves as the Chief Marketing Officer for GoFundMe, Inc. and has previously held significant marketing leadership roles at Airbnb (Global Head of Marketing for Airbnb Experiences), Ford Motor Company (Chief Brand Officer), Apple, Nike, and Burberry.

Mr. Tariq's appointment is significant as it brings deep expertise in marketing, brand strategy, and driving adoption for growing businesses. This experience is valuable for Guardant Health as it aims to expand its market presence and brand recognition in the competitive liquid biopsy and precision oncology sector.

As a non-employee director, Mr. Tariq will receive the standard compensation outlined in the company's Amended Non-Employee Director Compensation Program. This includes an initial stock option award and a restricted stock unit award, each valued at $362,500, which will vest over a specified period subject to continued service.

The filing states there are no arrangements or understandings with any other person pursuant to which Mr. Tariq was selected as a director, nor are there any reportable transactions under Item 404(a) of Regulation S-K that involve Mr. Tariq. He will receive standard director compensation and an indemnification agreement.