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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934

 

Date of Report (Date of earliest event reported):  August 27, 2018

 

BRISTOL-MYERS SQUIBB COMPANY

(Exact Name of Registrant as Specified in its Charter)

 

 

430 East 29^th Street, 14^th Floor
New York, NY 10016

(Address of Principal Executive Office)

 

Registrant’s telephone number, including area code: (212) 546-4000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

☐          Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐          Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐          Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐          Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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

(c)  On August 27, 2018, the Board of Directors of Bristol-Myers Squibb Company (the “Company”) appointed Christopher Boerner, Ph.D. to serve as the Company’s Executive Vice President and Chief Commercial Officer effective August 28, 2018.  Mr. Boerner, 47, most recently served as the Company’s head of international markets from October 2017 to August 2018.  He joined the Company in February 2015 as head of the U.S. commercial organization and served in that role until October 2017.  Prior to joining the Company, he was with Seattle Genetics, Inc., where he served as executive vice president of commercial from 2014 to 2015 and senior vice president of commercial from 2012 to 2014.  Before joining Seattle Genetics, Mr. Boerner was with Dendreon Corporation, where he led the marketing team. From 2002 to 2010, he worked at Genentech, a member of the Roche Group, where he served in a variety of commercial roles, including director of marketing on Avastin, director of Avastin franchise strategy and associate director of oncology market development.

Mr. Boerner is not a party to any arrangement or understanding regarding his selection as an officer.  There are no family relationships between Mr. Boerner and any director or executive officer of the Company or any related party transactions between the Company and Mr. Boerner.

 

(e)  Effective August 28, 2018, and in connection with his appointment as Executive Vice President and Chief Commercial Officer, Mr. Boerner will receive the following compensation:

·	An annual base salary of $835,000;

·

Eligibility for an annual incentive payout under the Company’s Senior Executive Performance Incentive Plan or any successor annual incentive plan based on a target incentive opportunity of 100% of his base salary subject to the attainment of one or more pre-established performance goals established by the Board or a Board Committee;

·

Participation in the Company’s annual long-term incentive award program, including eligibility to receive grants of performance share units and market share units, the terms of which will be based on the Company’s standard forms of equity award agreements under its 2012 Stock Award and Incentive Plan, as amended; and

·	Change-in-control and severance benefits in the event of involuntary termination without cause in the same form as provided to the other executive officers of the Company.

 

Item 9.01.  Financial Statements and Exhibits

(d)  Exhibits

EXHIBIT INDEX

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

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