Summary of Executive Officer Compensation
The following executive officers of ABIOMED, Inc. are at will employees of ABIOMED, Inc. and have not entered into a formal employment agreement with ABIOMED, Inc. The current understanding between each employee and ABIOMED, Inc. with respect to the employees compensation is as follows:
William J. Bolt
Andrew J. Greenfield
Michael G. Howley
These officers are also eligible to receive grants of stock options and other awards at the discretion of ABIOMEDs Compensation Committee.
We have an employment agreement with our Chief Executive Officer, Michael R. Minogue, which sets forth the terms of his employment. Mr. Minogues current salary is $537,876 and his target bonus for fiscal 2015 is 120% of salary. We have an offer letter with our Chief Financial Officer, Robert L. Bowen, which sets forth the terms of his employment. Mr. Bowens current salary is $323,322 and his target bonus for fiscal 2015 is 60% of salary. We also have an offer letter with our Chief Operating Officer, David M. Weber, which sets forth the terms of his employment. Mr. Webers current salary is $350,381 and his target bonus for fiscal 2015 is 70% of salary.