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VRTX > SEC Filings for VRTX > Form 8-K on 20-Sep-2012All Recent SEC Filings

Show all filings for VERTEX PHARMACEUTICALS INC / MA | Request a Trial to NEW EDGAR Online Pro

Form 8-K for VERTEX PHARMACEUTICALS INC / MA


20-Sep-2012

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

(d) On September 14, 2012, we elected Yuchun Lee to our board of directors as a Class III Director whose current term will end at our annual meeting of shareholders to be held in 2013. Our board has determined that Mr. Lee is an independent director as that term is defined by the Securities and Exchange Commission and The NASDAQ Stock Market, Inc.

Mr. Lee will participate in our non-employee director compensation program as described on page 19 of our proxy statement for our annual meeting of shareholders that was held on May 16, 2012 (filed with the Securities and Exchange Commission on April 10, 2012). In accordance with the non-employee director compensation program, on September 14, 2012, we granted Mr. Lee an option to purchase 30,000 shares of our common stock at an exercise price of $57.27.


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