iRhythm finalizes CEO separation, interim CEO Devine gets $600K salary plus RSU grant

iRhythm Holdings, Inc.

Former CEO Michael Coyle receives $200,000 severance and repays $584,053.58 relocation loan.
Coyle signs consulting agreement for reimbursement and transition support on as-needed basis.
Interim CEO Douglas Devine receives $600,000 annual salary, 60% bonus target, and $1,148,000 RSU grant.
Devine's severance eligibility set at Tier 2 under Company's Change in Control and Severance Policy.
Coyle resigned as CEO effective June 1, 2021; separation agreement executed June 29, 2021.

item 5.02 item 9.01

Executive movements

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Departed

Michael Coyle

Chief Executive Officer

IRTC · iRhythm Holdings, Inc.

Effective: 2021-06-01
Successor: Douglas Devine
Filed: July 6, 2021, 7:59 PM ET

On June 1, 2021, Michael Coyle’s employment with iRhythm Technologies, Inc. (the “Company”) ended as a result of his resignation as Chief Executive Officer of the Company, which was previously reported.

Appointed (interim)

Douglas Devine

Interim Chief Executive Officer

IRTC · iRhythm Holdings, Inc.

Effective: 2021-07-01
Filed: July 6, 2021, 7:59 PM ET

On July 1, 2021, the Board of Directors acting on the recommendation of its Compensation Committee and after considering input from its compensation consultant, Compensia, Inc., approved an offer letter for Doug Devine in connection with his role as Interim Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Coyle resigned as Chief Executive Officer at iRhythm Holdings, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On June 1, 2021, Michael Coyle’s employment with iRhythm Technologies, Inc. (the “Company”) ended as a result of his resignation as Chief Executive Officer of the Company, which was previously reported.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas Devine was appointed as Interim Chief Executive Officer at iRhythm Holdings, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On July 1, 2021, the Board of Directors acting on the recommendation of its Compensation Committee and after considering input from its compensation consultant, Compensia, Inc., approved an offer letter for Doug Devine in connection with his role as Interim Chief Executive Officer

View on SEC.gov

iRhythm Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001388658-21-000120

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