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| BSX > SEC Filings for BSX > Form 8-K on 2-Mar-2009 | All Recent SEC Filings |
2-Mar-2009
Change in Directors or Principal Officers, Financial Statements and Exhibi
On February 24, 2009, our Board of Directors, upon the recommendation of the Nominating and Governance Committee, elected John E. Sununu to the Board of Directors of Boston Scientific effective as of April 1, 2009. Mr. Sununu's term will expire at our 2009 Annual Meeting of Stockholders to be held on May 5, 2009 where he will stand for re-election by our stockholders. The appointment of Mr. Sununu temporarily increases the size of our Board to sixteen members. Mr. Sununu has not yet been appointed to any Board committee. There are no arrangements or understandings between Mr. Sununu and any other persons pursuant to which Mr. Sununu was elected a director of Boston Scientific.
In connection with Mr. Sununu's election as a non-employee director of the Board, he will receive our standard director compensation, including a cash retainer of $75,000 (pro rated from April 1, 2009) and a restricted stock grant equal to a number of shares of restricted stock determined by dividing $125,000 by the fair market value of our common stock on the first day of our next open window period following the effective date of his election to our Board on April 1, 2009.
In addition, on February 24, 2009, Joel Fleishman announced his intention to retire from our Board of Directors at our 2009 Annual Stockholders Meeting.
A copy of the press release is attached hereto as Exhibit 99.1.
Exhibit No. Description
99.1 Press Release issued by Boston Scientific Corporation dated March 2, 2009.
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