Exact Sciences Corporation filed SEC Form 8-K: Leadership Update
$EXAS
Medical Specialities
Health Care
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): April 29, 2025
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 29, 2025, the Board of Directors (the “Board”) of Exact Sciences Corporation (the “Company”) appointed Leslie Trigg as a Class II member of the Board with a term ending at the Company’s 2026 annual meeting of shareholders.
Ms. Trigg, age 54, brings over 25 years of experience in leadership within the healthcare and medical device industries. Since 2014, Ms. Trigg has served as Chief Executive Officer and Chair of the Board of Directors at Outset Medical, Inc. (Nasdaq: OM), where she has become skilled at cultivating relationships with shareholders and investors to advance company goals. Prior to Outset Medical, Ms. Trigg served as Executive in Residence at Warburg Pincus LLC, a global private equity firm. Prior to Warburg Pincus, Ms. Trigg gained experience in leadership roles at a number of medical device companies, including Lutonix, Inc., AccessClosure, Inc., FoxHollow Technologies, Inc., Cytyc Corporation, and Pro-Duct Health, Inc. Ms. Trigg currently serves as Chair of the Board of Directors at the Medical Device Manufacturers Association, and has previously served on two other public company boards. Ms. Trigg holds a B.S. in communications from Northwestern University and an M.B.A. from the Haas School of Business at the University of California, Berkeley.
Ms. Trigg was appointed to fill the vacancy created by the resignation of Kathleen Sebelius (formerly a Class II director) from the Board on April 29, 2025 for her retirement. Ms. Sebelius’ decision to resign was not the result of any disagreement with the Company on matters relating to the Company’s operations, policies or practices. The Company extends its deepest gratitude to Ms. Sebelius for her distinguished service to the Board and lasting contributions to the Company.
Ms. Trigg will receive compensation for her service as a director in accordance with the Company’s Non-Employee Director Compensation Policy (the “Director Compensation Policy”), which was filed as Exhibit 10.30 to the Company’s Annual Report on Form 10-K filed on February 19, 2025 and which is incorporated herein by reference. Pursuant to the Director Compensation Policy, in connection with her initial appointment to the Board, Ms. Trigg received a stock award valued at $375,000.
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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.
| EXACT SCIENCES CORPORATION | ||||||||
| Date: April 29, 2025 | By: | /s/ James Herriott | ||||||
| James Herriott | ||||||||
| Senior Vice President, General Counsel and Secretary | ||||||||
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