---
schema_version: "secwatch.filing_event.v1"
accession: "0001388658-21-000120"
form_type: "8-K"
ticker: "IRTC"
cik: "0001388658"
company_name: "iRhythm Holdings, Inc."
filed_at: "2021-07-06T23:59:59+00:00"
generated_at: "2026-06-30T07:12:36.320441+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001388658-21-000120
- form_type: 8-K
- ticker: IRTC
- cik: 0001388658
- company_name: iRhythm Holdings, Inc.
- filed_at: 2021-07-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1388658/000138865821000120/0001388658-21-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1388658/000138865821000120/irtc-20210629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001388658-21-000120
- JSON: https://secwatch.observer/filing/0001388658-21-000120.json
- Plain text: https://secwatch.observer/filing/0001388658-21-000120.txt

## Key facts
- Executive change
  Michael Coyle resigned as Chief Executive Officer at iRhythm Holdings, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1388658/000138865821000120/0001388658-21-000120-index.htm
- Executive change
  Douglas Devine was appointed as Interim Chief Executive Officer at iRhythm Holdings, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1388658/000138865821000120/0001388658-21-000120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.