| |
Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on Tuesday, May 23, 2023 at 1:30 p.m. Pacific Time via live audio webcast.
|
| |
| |
The Proxy Statement and annual report to stockholders are available at https://ir.omnicell.com/financials/annual-reports-and-proxy-statements
|
| |
| | You are cordially invited to attend the Annual Meeting. Whether or not you expect to attend the virtual meeting, we urge you to vote and submit your proxies in advance of the Annual Meeting by completing, dating, signing and returning the enclosed proxy, or voting over the telephone or the Internet, as instructed in these materials, as promptly as possible in order to ensure your representation at the meeting. If you received proxy materials by mail, a return envelope (for which postage is prepaid if it is mailed within the United States) is enclosed for your convenience. Even if you vote in advance of the meeting by proxy, you may still vote electronically during the Annual Meeting if you follow the instructions in these materials. Please note, however, that if your shares are held of record by a broker, bank or other nominee and you wish to vote electronically during the Annual Meeting, you must obtain a proxy issued in your name from that record holder and follow the advance registration instructions described in these materials. | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 7 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 13 | | | |
| | | | 13 | | | |
| | | | 14 | | | |
| | | | 15 | | | |
| | | | 15 | | | |
| | | | 15 | | | |
| | | | 16 | | | |
| | | | 16 | | | |
| | | | 17 | | | |
| | | | 19 | | | |
| | | | 19 | | | |
| | | | 19 | | | |
| | | | 19 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 21 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 24 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 31 | | | |
| | | | 32 | | | |
| | | | 43 | | | |
| | | | 44 | | | |
| | | | 44 | | | |
| | | | 45 | | | |
| | | | 46 | | | |
| | | | 48 | | | |
| | | | 48 | | |
| | |
Page
|
| |||
| | | | 50 | | | |
| | | | 50 | | | |
| | | | 51 | | | |
| | | | 52 | | | |
| | | | 57 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 64 | | | |
| | | | 77 | | | |
| | | | 78 | | | |
| | | | 78 | | | |
| | | | 79 | | | |
| | | | 80 | | | |
| | | | 80 | | | |
| | | | 81 | | | |
| | | | 82 | | | |
| | | | 82 | | | |
| | | | 82 | | | |
| | | | A-1 | | | |
| | | | B-1 | | |
| | |
Age
|
| |
Position(s) within
Omnicell |
| |
Director
Since |
| |
Class
|
| |
Current
Term Expires |
| |
Independent
|
| |
Current Committee
Membership |
| | |||||||||||
|
Audit
|
| |
Comp.
|
| |
Corp.
Gov. |
| |
M&A
|
| | | | ||||||||||||||||||||
Director Nominees | | | | | | | | | | | | | ||||||||||||||||||||||
Joanne B. Bauer | | |
67
|
| |
Lead Independent
Director |
| |
2014
|
| |
I
|
| |
2023
|
| |
Yes
|
| | | | |
Chair
|
| | | | | | | | ||
Robin G. Seim | | |
63
|
| | Director | | |
2019
|
| |
I
|
| |
2023
|
| |
Yes
|
| |
Chair
|
| | | | | | | |
X
|
| | ||
Sara J. White | | |
77
|
| | Director | | |
2003
|
| |
I
|
| |
2023
|
| |
Yes
|
| | | | | | | |
Chair
|
| | | | | ||
Continuing Directors
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Randall A. Lipps | | |
65
|
| |
President, Chief
Executive Officer and Chairman of the Board |
| |
1992
|
| |
II
|
| |
2024
|
| |
No
|
| | | | | | | | | | | | | | ||
Vance B. Moore | | |
62
|
| | Director | | |
2012
|
| |
II
|
| |
2024
|
| |
Yes
|
| | | | |
X
|
| | | | |
X
|
| | ||
Mark W. Parrish | | |
67
|
| | Director | | |
2013
|
| |
II
|
| |
2024
|
| |
Yes
|
| |
X
|
| |
X
|
| | | | | | | | ||
Edward P. Bousa | | |
64
|
| | Director | | |
2021
|
| |
III
|
| |
2025
|
| |
Yes
|
| |
X
|
| | | | | | | |
X
|
| | ||
Bruce E. Scott | | |
67
|
| | Director | | |
2019
|
| |
III
|
| |
2025
|
| |
Yes
|
| | | | | | | |
X
|
| |
Chair
|
| | ||
Mary Garrett | | |
64
|
| | Director | | |
2022
|
| |
III
|
| |
2025
|
| |
Yes
|
| | | | | | | |
X
|
| | | | |
Board Diversity Matrix
|
| ||||||
Total Number of Directors: 9
|
| ||||||
| | |
Female
|
| |
Male
|
|
Gender Identity | | | | | | | |
Directors
|
| |
3
|
| |
6
|
|
Demographic Background | | | | | | | |
African American or Black
|
| |
―
|
| |
1
|
|
White
|
| |
3
|
| |
5
|
|
|
Diversity of Tenure
Balanced tenure is reflective of thoughtful refreshment |
| |
Independence
89% of directors are independent |
|
|
![]() |
| |
![]() |
|
|
44% of directors are women or
racially or ethnically diverse |
| |
2 of 3 Committee Chairs are women
|
|
|
![]() |
| |
![]() |
|
| Board Members | | | 5x annual cash retainer (increased from 3x) | |
| Chief Executive Officer | | | 6x annual base salary (increased from 3x) | |
| Other Named Executive Officers | | | 3x annual base salary (increased from 1x) | |
Name
|
| |
Audit
|
| |
Compensation
|
| |
Corporate
Governance |
| |
M&A
|
|
Joanne B. Bauer
|
| | | | |
X*
|
| | | | | | |
Edward P. Bousa
|
| |
X
|
| | | | | | | |
X
|
|
Mary Garrett
|
| | | | | | | |
X
|
| | | |
Vance B. Moore
|
| | | | |
X
|
| | | | |
X
|
|
Mark W. Parrish
|
| |
X
|
| |
X
|
| | | | | | |
Bruce E. Scott
|
| | | | | | | |
X
|
| |
X*
|
|
Robin G. Seim
|
| |
X*
|
| | | | | | | |
X
|
|
Sara J. White
|
| | | | | | | |
X*
|
| | | |
Total meetings in fiscal year 2022
|
| |
17
|
| |
6
|
| |
4
|
| |
1
|
|
Position
|
| |
Annual Cash
Fees(1) ($) |
| |
Meeting
Fees(2) ($) |
| |
Targeted
Value of Annual Restricted Stock Grant(3) ($) |
| |
Total Value
of Annual Compensation ($) |
| ||||||||||||
Audit Committee Chairperson
|
| | | | 20,000 | | | | | | 1,250 | | | | | | 20,000 | | | | | | 40,000 | | |
Audit Committee Member (non-Chair)
|
| | | | 10,000 | | | | | | 1,250 | | | | | | 10,000 | | | | | | 20,000 | | |
Compensation Committee Chairperson
|
| | | | 20,000 | | | | | | 1,250 | | | | | | 20,000 | | | | | | 40,000 | | |
Compensation Committee Member (non-Chair)
|
| | | | 10,000 | | | | | | 1,250 | | | | | | 10,000 | | | | | | 20,000 | | |
Corporate Governance Committee Chairperson
|
| | | | 11,000 | | | | | | 1,250 | | | | | | 11,000 | | | | | | 22,000 | | |
Corporate Governance Committee Member (non-Chair)
|
| | | | 7,500 | | | | | | 1,250 | | | | | | 7,500 | | | | | | 15,000 | | |
Mergers & Acquisitions Committee Member
|
| | | | — | | | | | | 1,250 | | | | | | — | | | | | | — | | |
Lead Independent Director
|
| | | | 17,500 | | | | | | — | | | | | | 17,500 | | | | | | 35,000 | | |
Director
|
| |
Fees Earned
or Paid in Cash(1) ($) |
| |
Stock
Awards(2)(3) ($) |
| |
Option
Awards(4) ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||
Joanne B. Bauer
|
| | | | 128,750 | | | | | | 194,824 | | | | | | — | | | | | | — | | | | | | 323,574 | | |
Edward P. Bousa
|
| | | | 98,750 | | | | | | 167,695 | | | | | | — | | | | | | — | | | | | | 266,445 | | |
Mary Garrett
|
| | | | 48,750 | | | | | | 165,288 | | | | | | — | | | | | | — | | | | | | 214,038 | | |
James T. Judson(5)
|
| | | | 67,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | 67,500 | | |
Vance B. Moore
|
| | | | 100,000 | | | | | | 167,695 | | | | | | — | | | | | | — | | | | | | 267,695 | | |
Mark W. Parrish
|
| | | | 110,000 | | | | | | 177,540 | | | | | | — | | | | | | — | | | | | | 287,540 | | |
Bruce E. Scott
|
| | | | 102,500 | | | | | | 165,288 | | | | | | — | | | | | | — | | | | | | 267,788 | | |
Robin G. Seim
|
| | | | 105,000 | | | | | | 177,540 | | | | | | — | | | | | | — | | | | | | 282,540 | | |
Bruce D. Smith(5)
|
| | | | 48,750 | | | | | | — | | | | | | — | | | | | | — | | | | | | 48,750 | | |
Sara J. White
|
| | | | 101,000 | | | | | | 168,679 | | | | | | — | | | | | | — | | | | | | 269,679 | | |
|
![]() |
| |
![]() |
|
Compensation Element
|
| |
Type
|
| |
Primary Objective(s)
|
| |
Performance Measures
|
| |||
Annual Base Salary
|
| | Fixed | | | Provide base amount of market competitive pay and predictable level of financial stability | | | Not applicable | | |||
Annual Cash Performance-
Based Bonus |
| | At-risk | | | Incentivize and reward the achievement (and over- achievement) of short-term corporate and individual goals | | |
Corporate Threshold Targets:
•
Profit Target (quarterly and annual)
•
Advanced Services Bookings Threshold (annual)
•
Advanced Services Recurring Revenue Threshold (annual)
•
Bookings Threshold (annual)
•
Strategic Acquisitions Target (annual)
•
Individual Targets (quarterly)
|
| |||
Long-Term Equity Incentive Awards
|
| | PSUs | | | At-risk | | | Incentivize and retain executives, align the interests of stockholders and executives, and motivate and reward achievement of long-term corporate financial goals (no payout if performance measure is not met) | | | Total stockholder return over a one-year performance period as measured against the Nasdaq Health Care Index | |
| | | RSUs | | | Variable | | | Incentivize and retain executives and align the interests of stockholders and executives by linking realized value to stock price performance | | | Stock price appreciation | |
|
WHAT WE DO
|
| |
WHAT WE DON’T DO
|
| ||||||
|
![]() |
| |
Significant majority of NEO compensation is at-risk or variable based on Company and individual performance (including performance- based cash and equity awards)
|
| |
![]() |
| |
No guaranteed bonuses or base salary increases
|
|
|
![]() |
| |
Multi-year vesting periods for equity awards
|
| |
![]() |
| |
No employment contracts that guarantee continued employment of our executive officers
|
|
|
![]() |
| |
Multiple performance metrics for at-risk compensation
|
| |
![]() |
| |
No “single trigger” change of control arrangements
|
|
|
![]() |
| |
Meaningful stock ownership guidelines for all executive officers and non-employee directors
|
| |
![]() |
| |
No tax gross ups of executive perquisites or severance or change of control payments or benefits*
|
|
|
![]() |
| |
Perquisites provided to our executives are limited
|
| |
![]() |
| |
No repricing, cash-out or exchange of “underwater” stock options without stockholder approval
|
|
|
![]() |
| |
Annual advisory vote for stockholders to approve NEO compensation
|
| |
![]() |
| |
No special health, welfare or retirement plans for executive officers
|
|
|
![]() |
| |
Maintain a fully (100%) independent Compensation Committee
|
| |
![]() |
| |
No short sales of our common stock or purchases of derivatives
|
|
|
![]() |
| |
Retain an independent compensation consultant to advise the Compensation Committee
|
| |
![]() |
| |
No dividend payments on unearned equity awards
|
|
|
![]() |
| |
Annual executive compensation review (including review of compensation peer group and compensation-related risk assessment)
|
| | | | | | |
|
2022 Peer Group
|
| ||||||
|
•
Allscripts Healthcare Solutions, Inc.
|
| |
•
GoodRx Holdings, Inc.
|
| |
•
Masimo Corp.
|
|
|
•
Blackbaud Inc
|
| |
•
Haemonetics Corporation
|
| |
•
MultiPlan, Inc.
|
|
|
•
Commvault Systems, Inc.
|
| |
•
HealthEquity, Inc.
|
| |
•
Nutanix, Inc.
|
|
|
•
CONMED Corporation
|
| |
•
ICU Medical, Inc.
|
| |
•
NuVasive, Inc.
|
|
|
•
Evolent Health, Inc.
|
| |
•
Inovalon Holdings, Inc
|
| |
•
Pegasystems Inc.
|
|
|
•
Globus Medical, Inc
|
| |
•
Manhattan Associates, Inc.
|
| |
•
Phreesia, Inc.
|
|
Named Executive Officer
|
| |
2022 Base
Salary(1) ($) |
| |
2022
Base Salary Percentile to Peer Group |
| |
2022
Targeted Total Cash Compensation(1) ($) |
| |
2022
Targeted Total Cash Percentile to Peer Group |
| |
2021
Targeted Total Cash Compensation ($)(2) |
| |
2021
Targeted Total Cash Percentile to Peer Group |
| |
Percentage
Increase from 2021 Targeted Total Cash(3) |
| ||||||||||||
Randall A. Lipps
|
| | | | 813,100 | | | |
50th – 75th
|
| | | | 1,829,475 | | | |
50th – 75th
|
| | | | 1,793,475 | | | |
75th
|
| | | | 2.0% | | |
Peter J. Kuipers
|
| | | | 472,800 | | | |
50th – 75th
|
| | | | 898,329 | | | |
>75th
|
| | | | 880,650 | | | |
>75th
|
| | | | 2.0% | | |
Scott P. Seidelmann
|
| | | | 457,100 | | | |
50th – 75th
|
| | | | 868,490 | | | |
>75th
|
| | | | 851,390 | | | |
>75th
|
| | | | 2.0% | | |
Christine Mellon(4)
|
| | | | 400,000 | | | |
<50th
|
| | | | 760,000 | | | |
50th – 75th
|
| | | | 646,000 | | | |
>75th
|
| | | | 17.6%(5) | | |
Dan S. Johnston(6)
|
| | | | 392,700 | | | |
50th – 75th
|
| | | | 746,130 | | | |
>75th
|
| | | | 731,500 | | | |
>75th
|
| | | | 2.0% | | |
Overachievement Target
|
| |
Threshold
|
| |
Overachievement Percentage
|
|
Bookings Overachievement Target(1):
|
| | | | | | |
First Bookings Overachievement Target (Threshold)
|
| |
Annual reported bookings = $1,416,000,000
|
| |
Additional 7.5% of Incentive Target
|
|
Final Bookings Overachievement Target (Maximum)
|
| |
Annual reported bookings = $1,461,000,000
|
| |
Additional 30% of Incentive Target
|
|
Advanced Services Bookings Overachievement Target(2):
|
| | | | | | |
First Advanced Services Bookings Overachievement Target (Threshold)
|
| |
Annual bookings = $393,000,000
|
| |
Additional 2.5% of Incentive Target
|
|
Final Advanced Services Bookings Overachievement Target (Maximum)
|
| |
Annual bookings = $418,000,000
|
| |
Additional 15% of Incentive Target
|
|
Advanced Services Recurring Revenue Overachievement Target(3)
|
| | | | | | |
First Advanced Services Recurring Revenue Overachievement Target (Threshold)
|
| |
Annual Advanced Services recurring revenue = $218,000,000
|
| |
Additional 5% of Incentive Target
|
|
Final Advanced Services Recurring Revenue Overachievement Target (Maximum)
|
| |
Annual Advanced Services recurring revenue = $228,000,000
|
| |
Additional 15% of Incentive Target
|
|
Strategic Acquisitions Target:
|
| |
Number of strategic acquisitions entered into on or before December 31, 2022:
|
| | | |
First Strategic Acquisitions Target
|
| |
One (1)
|
| |
Additional 10% of Incentive Target
|
|
Second Strategic Acquisitions Target
|
| |
Two (2)
|
| |
Additional 20% of Incentive Target
|
|
Named Executive Officer
|
| |
2022
Incentive Target(1) ($) |
| |
Total Cash Bonus
Earned for Achievement of Individual Targets ($) |
| |
% of Total
2022 Incentive Target Earned (%) |
| |
Total Cash
Bonus Earned(2) ($) |
| ||||||||||||
Randall A. Lipps
|
| | | | 1,005,606 | | | | | | 349,640(3) | | | | | | 35 | | | | | | 349,640(3) | | |
Peter J. Kuipers
|
| | | | 421,013 | | | | | | 152,420 | | | | | | 36 | | | | | | 152,420 | | |
Scott P. Seidelmann
|
| | | | 407,029 | | | | | | 147,356 | | | | | | 36 | | | | | | 147,356 | | |
Christine Mellon
|
| | | | 335,077 | | | | | | 112,846 | | | | | | 34 | | | | | | 112,846 | | |
Dan S. Johnston(4)
|
| | | | 173,250 | | | | | | 126,606 | | | | | | 73 | | | | | | 126,606 | | |
Named Executive Officer
|
| |
Number of
RSUs(1) |
| |
Number of
PSUs(2) |
| ||||||
Randall A. Lipps
|
| | | | 23,305 | | | | | | 23,305 | | |
Peter J. Kuipers
|
| | | | 9,988 | | | | | | 9,764 | | |
Scott P. Seidelmann
|
| | | | 9,988 | | | | | | 9,764 | | |
Christine M. Mellon
|
| | | | 4,994 | | | | | | 4,882 | | |
Dan S. Johnston
|
| | | | 4,994 | | | | | | 4,882 | | |
Percentile Placement of Our Total Stockholder Return
|
| |
Percentage of Target PSUs Awarded
|
|
Below the 35th percentile
|
| |
0%
|
|
At or above the 35th percentile, but below the 50th percentile
|
| |
50 – 99%
|
|
At or above the 50th percentile, but below the 90th percentile
|
| |
100 – 199%
|
|
At or above the 90th percentile
|
| |
200%
|
|
| Board Members | | | 5x annual cash retainer (increased from 3x) | |
| Chief Executive Officer | | | 6x annual base salary (increased from 3x) | |
| Other Executive Officers | | | 3x annual base salary (increased from 1x) | |
Named Executive Officer
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
|
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||||||||
Randall A. Lipps
Chairman, President and Chief Executive Officer |
| | | | 2022 | | | | | | 804,485 | | | | | | — | | | | | | 6,699,022 | | | | | | — | | | | | | 349,640 | | | | | | 49,250(4) | | | | | | 7,902,397 | | |
| | | 2021 | | | | | | 768,123 | | | | | | — | | | | | | 6,001,550 | | | | | | — | | | | | | 1,624,740 | | | | | | 43,000 | | | | | | 8,437,413 | | | ||
| | | 2020 | | | | | | 721,000 | | | | | | — | | | | | | 3,527,148 | | | | | | 2,523,671 | | | | | | 1,216,689 | | | | | | 40,000 | | | | | | 8,028,508 | | | ||
Peter J. Kuipers
Executive Vice President, Chief Financial Officer |
| | | | 2022 | | | | | | 467,792 | | | | | | — | | | | | | 2,836,640 | | | | | | — | | | | | | 152,420 | | | | | | 73,861(5) | | | | | | 3,530,713 | | |
| | | 2021 | | | | | | 455,654 | | | | | | — | | | | | | 2,999,987 | | | | | | — | | | | | | 697,151 | | | | | | 23,334 | | | | | | 4,176,126 | | | ||
| | | 2020 | | | | | | 435,000 | | | | | | — | | | | | | 1,088,241 | | | | | | 719,356 | | | | | | 528,526 | | | | | | — | | | | | | 2,771,123 | | | ||
Scott P. Seidelmann
Executive Vice President, Chief Commercial Officer |
| | | | 2022 | | | | | | 452,254 | | | | | | — | | | | | | 2,836,640 | | | | | | — | | | | | | 147,356 | | | | | | 66,267(5) | | | | | | 3,502,517 | | |
| | | 2021 | | | | | | 440,469 | | | | | | 35,000 | | | | | | 2,999,987 | | | | | | — | | | | | | 673,918 | | | | | | 19,959 | | | | | | 4,169,333 | | | ||
| | | 2020 | | | | | | 420,000 | | | | | | — | | | | | | 1,088,241 | | | | | | 719,356 | | | | | | 510,300 | | | | | | 81,000 | | | | | | 2,818,897 | | | ||
Christine Mellon
Executive Vice President, Chief Administrative & People Officer |
| | | | 2022 | | | | | | 372,308 | | | | | | — | | | | | | 1,418,320 | | | | | | — | | | | | | 112,846 | | | | | | 46,212(5) | | | | | | 1,949,686 | | |
| | | 2021 | | | | | | 281,154 | | | | | | 17,654 | | | | | | 1,999,901 | | | | | | — | | | | | | 412,513 | | | | | | 20,125 | | | | | | 2,731,347 | | | ||
Corey J. Manley(3)
Senior Vice President, Chief Legal Officer |
| | | | 2022 | | | | | | 330,385 | | | | | | — | | | | | | 886,997 | | | | | | — | | | | | | 47,635 | | | | | | 38,000(6) | | | | | | 1,303,017 | | |
Dan S. Johnston
former, Executive Vice President, Chief Legal and Administrative Officer |
| | | | 2022 | | | | | | 207,308 | | | | | | — | | | | | | 1,418,320 | | | | | | — | | | | | | 126,606 | | | | | | 66,325(7) | | | | | | 1,818,559 | | |
| | | 2021 | | | | | | 373,654 | | | | | | — | | | | | | 1,499,993 | | | | | | — | | | | | | 549,580 | | | | | | 23,334 | | | | | | 2,446,561 | | | ||
| | | 2020 | | | | | | 350,000 | | | | | | — | | | | | | 725,527 | | | | | | 479,524 | | | | | | 425,250 | | | | | | — | | | | | | 1,980,301 | | |
Named Executive Officer
|
| |
Grant
Date |
| |
Estimated
Possible Payouts Under Non-Equity Incentive Plan Awards Target(1)(2) ($) |
| |
Estimate future payouts under
Equity Incentive Plan Awards(3) |
| |
All Other
Stock Awards: Number of Units of Stock (#) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise or
Base Price of Option Awards ($) |
| |
Grant Date
Fair Value of Stock and Option Awards(4) ($) |
| ||||||||||||||||||||||||||||||
|
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||||||||||||||||
Randall A. Lipps
|
| |
—
|
| | | | 1,016,375 | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
02/16/2022
|
| | | | — | | | | | | 11,653(5) | | | | | | 23,305(5) | | | | | | 46,610(5) | | | | | | | | | | | | — | | | | | | — | | | | | | 3,580,114 | | | ||
|
02/16/2022
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 23,305(6) | | | | | | — | | | | | | — | | | | | | 3,118,908 | | | ||
Peter J. Kuipers
|
| |
—
|
| | | | 425,520 | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
03/14/2022
|
| | | | — | | | | | | 4,882(5) | | | | | | 9,764(5) | | | | | | 19,528(5) | | | | | | | | | | | | — | | | | | | — | | | | | | 1,499,946 | | | ||
|
02/16/2022
|
| | | | — | | | | | | | | | | | | | | | | | | | | | | | | 9,988(6) | | | | | | — | | | | | | — | | | | | | 1,336,694 | | | ||
Scott P. Seidelmann
|
| |
—
|
| | | | 411,390 | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
03/14/2022
|
| | | | — | | | | | | 4,882(5) | | | | | | 9,764(5) | | | | | | 19,528(5) | | | | | | | | | | | | — | | | | | | — | | | | | | 1,499,946 | | | ||
|
02/16/2022
|
| | | | — | | | | | | | | | | | | | | | | | | | | | | | | 9,988(6) | | | | | | — | | | | | | — | | | | | | 1,336,694 | | | ||
Christine Mellon
|
| |
—
|
| | | | 360,000 | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
03/14/2022
|
| | | | — | | | | | | 2,441(5) | | | | | | 4,882(5) | | | | | | 9,764(5) | | | | | | | | | | | | — | | | | | | — | | | | | | 749,973 | | | ||
|
02/16/2022
|
| | | | — | | | | | | | | | | | | | | | | | | | | | | | | 4,994(6) | | | | | | — | | | | | | — | | | | | | 668,347 | | |
Named Executive Officer
|
| |
Grant
Date |
| |
Estimated
Possible Payouts Under Non-Equity Incentive Plan Awards Target(1)(2) ($) |
| |
Estimate future payouts under
Equity Incentive Plan Awards(3) |
| |
All Other
Stock Awards: Number of Units of Stock (#) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise or
Base Price of Option Awards ($) |
| |
Grant Date
Fair Value of Stock and Option Awards(4) ($) |
| ||||||||||||||||||||||||||||||
|
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||||||||||||||||
Corey J. Manley
|
| |
—
|
| | | | 180,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
05/18/2022
|
| | | | | | | | | | 1,820(5) | | | | | | 3,640(5) | | | | | | 7,280(5) | | | | | | | | | | | | | | | | | | | | | | | | 450,050 | | | ||
|
05/18/2022
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,012(6) | | | | | | | | | | | | | | | | | | 436,947 | | | ||
Dan S. Johnston(7)
|
| |
—
|
| | | | 346,500 | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
03/14/2022
|
| | | | — | | | | | | 2,441(5) | | | | | | 4,882(5) | | | | | | 9,764(5) | | | | | | | | | | | | — | | | | | | — | | | | | | 749,973 | | | ||
|
02/16/2022
|
| | | | — | | | | | | | | | | | | | | | | | | | | | | | | 4,994(6) | | | | | | — | | | | | | — | | | | | | 668,347 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| |||||||||||||||||||||||||||||||||||||||||||||
Named Executive
Officer |
| |
Grant Date
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Grant Date
|
| |
Number of
Units of Stock That Have Not Vested (#) |
| |
Market
Value of Units of Stock That Have Not Vested ($)(5) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market Value of Unearned Shares That Have Not Vested ($)(5) |
| |||||||||||||||||||||
Randall A. Lipps
|
| |
02/04/2016
|
| | | | 28,250 | | | | | | 0 | | | | | | 27.70 | | | |
02/03/2026
|
| |
02/13/2020
|
| | | | 10,700(3) | | | | | | 539,494(3) | | | | | | | | | | | | | | |
|
02/08/2017
|
| | | | 134,160 | | | | | | 0 | | | | | | 36.70 | | | |
02/07/2027
|
| |
02/09/2021
|
| | | | 10,358(2) | | | | | | 522,250(2) | | | | | | | | | | | | | | | ||
|
02/06/2018
|
| | | | 153,728 | | | | | | 0 | | | | | | 44.25 | | | |
02/05/2028
|
| |
02/09/2021
|
| | | | 20,714(3) | | | | | | 1,044,400(3) | | | | | | | | | | | | | | | ||
|
02/13/2019
|
| | | | 80,351(1) | | | | | | 3,494(1) | | | | | | 78.91 | | | |
02/12/2029
|
| |
02/16/2022
|
| | | | 17,479(2) | | | | | | 881,291(2) | | | | | | | | | | | | | | | ||
|
02/13/2020
|
| | | | 63,660(1) | | | | | | 26,214(1) | | | | | | 90.19 | | | |
02/12/2030
|
| |
02/16/2022
|
| | | | | | | | | | | | | | | | 11,653(3)(4) | | | | | | 587,544(3) | | | ||
Peter J. Kuipers
|
| |
02/13/2019
|
| | | | 16,051(1) | | | | | | 1,197(1) | | | | | | 78.91 | | | |
02/12/2029
|
| |
02/13/2020
|
| | | | 1,497(2) | | | | | | 75,479(2) | | | | | | | | | | | | | | |
|
02/13/2020
|
| | | | 18,146(1) | | | | | | 7,427(1) | | | | | | 90.19 | | | |
02/12/2030
|
| |
02/13/2020
|
| | | | 1,663(3) | | | | | | 83,849(3) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
02/09/2021
|
| | | | 5,675(2) | | | | | | 286,134(2) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
02/09/2021
|
| | | | 9,520(3) | | | | | | 479,998(3) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
02/16/2022
|
| | | | 7,491(2) | | | | | | 377,696(2) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
03/14/2022
|
| | | | | | | | | | | | | | | | 4,882(3)(4) | | | | | | 246,150(3) | | | ||
Scott P. Seidelmann
|
| |
04/20/2018
|
| | | | 12,750 | | | | | | 0 | | | | | | 43.30 | | | |
04/19/2028
|
| |
02/13/2020
|
| | | | 1,497(2) | | | | | | 75,479(2) | | | | | | | | | | | | | | |
|
02/13/2019
|
| | | | 24,454(1) | | | | | | 1,064(1) | | | | | | 78.91 | | | |
02/12/2029
|
| |
02/13/2020
|
| | | | 1,663(3) | | | | | | 83,849(3) | | | | | | | | | | | | | | | ||
|
02/13/2020
|
| | | | 18,146(1) | | | | | | 7,472(1) | | | | | | 90.19 | | | |
02/12/2030
|
| |
02/09/2021
|
| | | | 5,675(2) | | | | | | 286,134(2) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
02/09/2021
|
| | | | 9,520(3) | | | | | | 479,998(3) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
02/16/2022
|
| | | | 7,491(2) | | | | | | 377,696(2) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
03/14/2022
|
| | | | | | | | | | | | | | | | 4,882(3)(4) | | | | | | 246,150(3) | | | ||
Christine Mellon
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
03/02/2021
|
| | | | 3,936(2) | | | | | | 198,453(2) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
03/02/2021
|
| | | | 6,594(3) | | | | | | 332,469(3) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
02/16/2022
|
| | | | 3,746(2) | | | | | | 188,873(2) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
03/14/2022
|
| | | | | | | | | | | | | | | | 2,441(3)(4) | | | | | | 123,075(3) | | | ||
Corey J. Manley
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
04/27/2021
|
| | | | 2,373(2) | | | | | | 119,647(2) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
05/18/2022
|
| | | | 3,009(2) | | | | | | 151,714(2) | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | |
05/18/2022
|
| | | | | | | | | | | | | | | | 1,820(3)(4) | | | | | | 91,764(3) | | | ||
Dan S. Johnston(6)
|
| |
02/06/2018
|
| | | | 5,640 | | | | | | 0 | | | | | | 44.25 | | | |
02/05/2028
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
02/13/2019
|
| | | | 10,632 | | | | | | 0 | | | | | | 78.91 | | | |
02/12/2029
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
|
02/13/2020
|
| | | | 9,962 | | | | | | 0 | | | | | | 90.19 | | | |
02/12/2030
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Named Executive Officer
|
| |
Number of Shares
Acquired on Exercise (#) |
| |
Value Realized
on Exercise(1) ($) |
| |
Number of Shares
Acquired on Vesting (#) |
| |
Value Realized
on Vesting(2) ($) |
| ||||||||||||
Randall A. Lipps
|
| | | | 2,500 | | | | | | 83,717 | | | | | | 52,233 | | | | | | 4,741,623 | | |
Peter J. Kuipers
|
| | | | 26,500 | | | | | | 1,273,924 | | | | | | 21,693 | | | | | | 1,992,226 | | |
Scott P. Seidelmann
|
| | | | | | | | | | | | | | | | 21,284 | | | | | | 1,959,221 | | |
Christine Mellon
|
| | | | | | | | | | | | | | | | 9,812 | | | | | | 958,834 | | |
Corey J. Manley
|
| | | | | | | | | | | | | | | | 2,427 | | | | | | 222,615 | | |
Dan S. Johnson
|
| | | | | | | | | | | | | | | | 6,774 | | | | | | 809,285 | | |
| | |
No Change in Control Involuntary Termination
without Cause or qualified as “Eligible Employee” |
| |
Change in Control Involuntary Termination
without Cause or constructive termination |
| ||||||||||||||||||||||||||||||||||||||||||
Named Executive Officer
|
| |
Base Salary
($) |
| |
Equity
Award Vesting Acceleration ($) |
| |
COBRA
Premiums ($) |
| |
Total
($) |
| |
Base Salary(1)
($) |
| |
Equity
Award Vesting Acceleration(2) ($) |
| |
COBRA
Premiums ($) |
| |
Total
($) |
| ||||||||||||||||||||||||
Randall A. Lipps
|
| | | | 1,626,200(3) | | | | | | — | | | | | | 71,801 | | | | | | 1,698,001 | | | | | | 813,100 | | | | | | 2,987,435 | | | | | | — | | | | | | 3,800,535 | | |
Peter J. Kuipers
|
| | | | 551,600(3) | | | | | | — | | | | | | 41,884 | | | | | | 593,484 | | | | | | 472,800 | | | | | | 1,303,155 | | | | | | — | | | | | | 1,775,955 | | |
Scott P. Seidelmann
|
| | | | 457,100 | | | | | | — | | | | | | 29,703 | | | | | | 486,803 | | | | | | 457,100 | | | | | | 1,303,155 | | | | | | — | | | | | | 1,760,255 | | |
Christine Mellon
|
| | | | 400,000 | | | | | | — | | | | | | 9,575 | | | | | | 409,575 | | | | | | 400,000 | | | | | | 719,796 | | | | | | — | | | | | | 1,119,796 | | |
Corey J. Manley
|
| | | | 360,000 | | | | | | — | | | | | | 11,574 | | | | | | 371,574 | | | | | | 360,000 | | | | | | 271,360 | | | | | | — | | | | | | 631,360 | | |
| | | Summary Compensation Table Total for PEO ($)(2) | | | Compensation Actually Paid to PEO ($)(3) | | | Average Summary Compensation Table Total for Non-PEO NEOs ($)(2) | | | Average Compensation Actually Paid to Non-PEO NEOs ($)(3) | | | Value of Initial Fixed $100 Investment Based On:(4) | | | | | | | | | | | | | | |||||||||||||||||||||
Year(1) | | | Total Shareholder Return ($) | | | Peer Group Total Shareholder Return ($)(5) | | | Net Income ($) | | | Annual Bookings(6) ($) | | ||||||||||||||||||||||||||||||||||||
2022 | | | | | 7,902,397 | | | | | | (13,263,924) | | | | | | 2,420,898 | | | | | | (2,970,567) | | | | | | 61.70 | | | | | | 86.04 | | | | | | 5,648,000 | | | | | | 1,054,000,000 | | |
2021 | | | | | 8,437,413 | | | | | | 23,007,852 | | | | | | 3,380,842 | | | | | | 7,279,179 | | | | | | 220.80 | | | | | | 114.41 | | | | | | 77,849,000 | | | | | | 1,217,000,000 | | |
2020 | | | | | 8,028,508 | | | | | | 15,533,481 | | | | | | 2,250,868 | | | | | | 4,029,011 | | | | | | 146.87 | | | | | | 127.18 | | | | | | 32,194,000 | | | | | | 1,002,000,000 | | |
| | | | | | | | | Minus | | | Plus | | | Plus/(Minus) | | | Plus | | | Plus/(Minus) | | | Minus | | | Equals | | |||||||||||||||||||||
Year | | | Summary Compensation Table Total ($)(a) | | | Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year ($)(b) | | | Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year ($)(c) | | | Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years ($)(d) | | | Fair Value at Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year ($)(e) | | | Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year ($)(f) | | | Fair Value as of Prior Fiscal Year- End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year ($)(g) | | | Compensation Actually Paid ($) | | ||||||||||||||||||||||||
Randall A. Lipps | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2022 | | | | | 7,902,397 | | | | | | (6,699,022) | | | | | | 1,328,514 | | | | | | (8,414,632) | | | | | | 470,595 | | | | | | (7,851,777) | | | | | | — | | | | | | (13,263,924) | | |
2021 | | | | | 8,437,413 | | | | | | (6,001,550) | | | | | | 10,175,965 | | | | | | 5,991,052 | | | | | | 830,085 | | | | | | 3,574,887 | | | | | | — | | | | | | 23,007,852 | | |
2020 | | | | | 8,028,508 | | | | | | (6,050,819) | | | | | | 9,040,517 | | | | | | 4,238,153 | | | | | | — | | | | | | 277,122 | | | | | | — | | | | | | 15,533,481 | | |
Other NEOs(h) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2022 | | | | | 2,420,898 | | | | | | (1,879,383) | | | | | | 326,852 | | | | | | (1,698,012) | | | | | | 131,140 | | | | | | (1,607,035) | | | | | | (665,026) | | | | | | (2,970,567) | | |
2021 | | | | | 3,380,842 | | | | | | (2,374,967) | | | | | | 3,930,801 | | | | | | 1,229,594 | | | | | | 363,110 | | | | | | 749,800 | | | | | | — | | | | | | 7,279,179 | | |
2020 | | | | | 2,250,868 | | | | | | (1,355,693) | | | | | | 1,837,660 | | | | | | 1,127,068 | | | | | | 101,699 | | | | | | 67,408 | | | | | | — | | | | | | 4,029,011 | | |
| | |
As of March 17,
2023 |
| |||
Total number of shares of common stock subject to outstanding stock options
|
| | | | 2,317,496 | | |
Weighted-average exercise price of outstanding stock options
|
| | | $ | 69.34 | | |
Weighted-average remaining term of outstanding stock options
|
| | | | 5.8 | | |
Total number of shares of common stock subject to outstanding Full Value Awards
|
| | | | 1,083,860 | | |
Total number of shares of common stock available for grant under the 2009 Plan
|
| | | | 1,607,615 | | |
Total number of shares of common stock available for grant under other equity incentive plans
|
| | | | 0 | | |
Total number of shares of common stock outstanding
|
| | | | 45,068,760 | | |
Per-share closing price of common stock as reported on Nasdaq Global Select Market
|
| | | $ | 55.60 | | |
As of December 31
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||
Full Dilution(1)
|
| | | | 10.1% | | | | | | 11.1% | | | | | | 12.2% | | |
Gross Burn Rate(2)
|
| | | | 2.0% | | | | | | 1.7% | | | | | | 4.3% | | |
Fiscal Year
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||
Total number of shares of common stock subject to stock options
granted |
| | | | 0 | | | | | | 160,050 | | | | | | 1,350,861 | | |
Total number of shares of common stock subject to Full Value Awards granted
|
| | | | 887,785 | | | | | | 560,051 | | | | | | 462,168 | | |
Weighted-average number of shares of common stock
outstanding |
| | | | 44,398,000 | | | | | | 43,475,000 | | | | | | 42,583,000 | | |
Gross Burn Rate
|
| | | | 2.0% | | | | | | 1.7% | | | | | | 4.3% | | |
Name and position
|
| |
Number of shares
|
| |||
Randall A. Lipps(2)
Chairman, President and Chief Executive Officer |
| | | | 1,589,040 | | |
Peter J. Kuipers(2)
Executive Vice President, Chief Financial Officer |
| | | | 337,985 | | |
Scott P. Seidelmann(2)
Executive Vice President, Chief Commercial Officer |
| | | | 211,991 | | |
Christine Mellon(2)
Executive Vice President, Chief Administrative and People Officer |
| | | | 30,938 | | |
Corey J. Manley(2)
Senior Vice President, Chief Legal Officer |
| | | | 11,449 | | |
All current executive officers as a group
|
| | | | 2,181,403 | | |
All current directors who are not executive officers as a group(1)
|
| | | | 272,825 | | |
Each nominee for election as a director: | | | | | | | |
Joanne B. Bauer
|
| | | | 47,928 | | |
Robin G. Seim
|
| | | | 13,729 | | |
Sara J. White
|
| | | | 63,181 | | |
Each associate of any executive officers, current directors or director nominees
|
| | | | — | | |
Each other person who received or is to receive 5% of awards
|
| | | | — | | |
All employees, including all current officers who are not executive officers, as a group
|
| | | | 4,739,118 | | |
Plan category
|
| |
Number of securities to
be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average
exercise price of outstanding options, warrants and rights (b)($) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by
security holders |
| | | | 3,684,730(1) | | | | | | 68.67 | | | | | | 1,962,688(2) | | |
Equity compensation plans not approved
by security holders |
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 3,684,730 | | | | | | 68.67 | | | | | | 1,962,688 | | |
| | |
Beneficial Ownership(1)
|
| |||||||||
Name and Address of Beneficial Owner
|
| |
Number
of Shares |
| |
Percent
of Total |
| ||||||
BlackRock, Inc.(2)
|
| | | | 5,728,315 | | | | | | 12.71% | | |
55 East 52nd Street
|
| | | | | | | | | | | | |
New York, NY 10055
|
| | | | | | | | | | | | |
The Vanguard Group, Inc.(3)
|
| | | | 4,430,315 | | | | | | 9.83% | | |
100 Vanguard Blvd
|
| | | | | | | | | | | | |
Malvern, PA 19355
|
| | | | | | | | | | | | |
Wellington Management Group LLP(4)
|
| | | | 3,277,600 | | | | | | 7.27% | | |
280 Congress Street
|
| | | | | | | | | | | | |
Boston, MA 02210
|
| | | | | | | | | | | | |
Joanne B. Bauer(5)
|
| | | | 26,315 | | | | | | * | | |
Edward P. Bousa
|
| | | | 1,606 | | | | | | * | | |
Mary Garrett
|
| | | | — | | | | | | * | | |
Randall A. Lipps(5)(6)
|
| | | | 803,774 | | | | | | 1.76% | | |
Vance B. Moore
|
| | | | 67,218 | | | | | | * | | |
Mark W. Parrish
|
| | | | 59,836 | | | | | | * | | |
Bruce E. Scott(5)
|
| | | | 12,116 | | | | | | * | | |
Robin G. Seim(5)
|
| | | | 36,430 | | | | | | * | | |
Sara J. White
|
| | | | 40,669 | | | | | | * | | |
Peter J. Kuipers(5)
|
| | | | 69,408 | | | | | | * | | |
Scott P. Seidelmann(5)
|
| | | | 63,024 | | | | | | * | | |
Corey J. Manley
|
| | | | 2,238 | | | | | | * | | |
Christine Mellon
|
| | | | 8,551 | | | | | | * | | |
All executive officers and directors as a group (13 persons)(5)
|
| | | | 1,191,185 | | | | | | 2.61% | | |
| | |
Fiscal Year
Ended December 31, |
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
| | |
(in thousands)
|
| |||||||||
Audit Fees
|
| | | $ | 3,369 | | | | | $ | 3,145 | | |
Audit-Related Fees
|
| | | | 24 | | | | | | 43 | | |
Tax Fees
|
| | | | 172 | | | | | | 380 | | |
All Other Fees
|
| | | | 2 | | | | | | 2 | | |
Total Fees
|
| | | $ | 3,567 | | | | | $ | 3,570 | | |