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ABMD > SEC Filings for ABMD > Form 8-K on 3-Jun-2009All Recent SEC Filings

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Form 8-K for ABIOMED INC


3-Jun-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On May 28, 2009, our compensation committee made its annual compensation determinations for our named executive officers. The committee determined the bonuses for fiscal 2009 performance, the salaries and target bonuses for fiscal 2010, and made the annual equity grants to executive officers. The compensation decisions made with respect to our executive officers who are serving as our principal executive officer, principal financial officer, or who were named executive officers in our most recent proxy statement were as follows:

                                         Fiscal      Fiscal        Target          Underlying           Underlying
                                          2009        2010       Fiscal 2010     Stock Options         Stock Options
Executive Officer                         Bonus      Salary         Bonus       (4 year vesting)   (Performance vesting)

Michael R. Minogue,                     $ 371,700   $ 371,700   $     371,700            148,000                 130,500
Chairman, CEO and President

Robert L. Bowen,                        $  30,000   $ 290,000   $     150,000             60,000                  30,000
Chief Financial Officer

Andrew J. Greenfield,                   $  70,000   $ 215,000   $     100,000             50,000                  30,000
Vice President Healthcare Solutions

David Weber,                            $ 100,000   $ 275,000   $     100,000             87,000                  34,500
Chief Operating Officer

William Bolt,                           $ 110,000   $ 240,000   $     100,000             50,000                  18,000
Senior VP, Regulatory and Engineering


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