secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K/A
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001110803-23-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Illumina interim CEO Dadswell gets $50k/month stipend, bonus raised to 100%
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- Board approved $50,000 per month stipend for Charles Dadswell retroactive to June 1, 2023, through month permanent CEO appointed.
- Dadswell's target bonus increased from 60% to 100% of $600k base salary for his tenure as interim CEO.
- Additional compensation reflects increased responsibilities; Dadswell continues as General Counsel.
- Bonus achievement tied to company revenue and operating income objectives, subject to Board negative discretion.
- No family relationships or related party transactions with other officers or directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080323000054/0001110803-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080323000054/ilmn-20230608.htm
  HTML page:      https://secwatch.observer/filing/0001110803-23-000054

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