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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|
(d) Appointment of a Director.
On October 17, 2020, the Board of Directors (the Board) of Gilead Sciences, Inc. (the Company) elected Anthony Welters to serve on the Board, effective immediately. There is no arrangement or understanding between Mr. Welters and any other persons pursuant to which Mr. Welters was selected as a director, and there are no related party transactions involving Mr. Welters that are reportable under Item 404(a) of Regulation S-K.
Mr. Welters will participate in and receive compensation for his service on the Board for the remainder of the 2020-2021 compensation period in accordance with the Company’s standard non-employee director compensation programs, including grants to be made under the Company’s 2004 Equity Incentive Plan (as amended and restated, the Plan).
A description of the Plan and compensation practices for non-employee directors can be found in our Definitive Proxy Statement filed with the Securities and Exchange Commission (SEC) on March 24, 2020 in connection with the Company’s 2020 Annual Meeting of Stockholders. The Plan is attached as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on May 12, 2017.
A copy of the Company’s press release announcing Mr. Welter’s election to the Board is attached as Exhibit 99.1 to this report.
|Item 9.01||Financial Statements and Exhibits|
The following exhibit 99.1 is furnished pursuant to this Item 9.01.
|99.1||Press Release by Gilead Sciences, Inc. dated October 22, 2020.|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document).|
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.
|GILEAD SCIENCES, INC.|
|/s/ Brett A. Pletcher|
|Brett A. Pletcher|
|EVP, Corporate Affairs, General Counsel|
and Corporate Secretary
Date: October 22, 2020
|CONTACTS:||Douglas Maffei, PhD, Investors|
|Marni Kottle, Media|
For Immediate Release
ANTHONY WELTERS JOINS GILEAD SCIENCES’ BOARD OF DIRECTORS
Foster City, Calif., October 22, 2020 – Gilead Sciences, Inc. (Nasdaq: GILD) announced today that Anthony Welters has been appointed to the company’s Board of Directors.
Mr. Welters retired in 2016 as Senior Adviser to the Office of the CEO of UnitedHealth Group (UHG), an organization that serves more than 100 million people worldwide through its health and well-being companies. During his tenure at UHG, Mr. Welters served as Executive Vice President and a Member of the Office of the CEO and led the company’s Public and Senior Markets Group. He joined UHG following its acquisition of AmeriChoice, a healthcare company he founded in 1989. He currently serves on the public boards of Loews Corporation and the Carlyle Group. He is the Executive Chairman of the BlackIvy Group, an organization focused on building and growing commercial enterprises in Sub-Saharan Africa; Chairman of Somatus, Inc., a value-based care company; and a member of the Board of Directors for Parachute Health, a healthcare technology platform company for clinicians, insurance companies and medical supply distributors. Mr. Welters is also Trustee Emeritus of the Morehouse School of Medicine Board of Trustees, Chairman Emeritus of the Board of New York University School of Law, as well as Vice Chairman of the Board of New York University and a Trustee of NYU Langone Medical Center.
“We are very pleased to welcome Tony Welters to our Board of Directors,” said Daniel O’Day, Chairman and Chief Executive Officer of Gilead Sciences. “Tony understands the urgency of delivering exceptional healthcare to communities most in need. His extensive experience in the health insurance and managed care industry will bring important perspective to our board as we continue our work to deliver transformational medicines to patients.”
About Gilead Sciences
Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines in areas of unmet medical need. The company strives to transform and simplify care for people with life-threatening illnesses around the world. Gilead has operations in more than 35 countries worldwide, with headquarters in Foster City, California.
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For more information on Gilead Sciences, please visit the company’s website at www.gilead.com, follow Gilead on Twitter (@GileadSciences) or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.
|Gilead Sciences, Inc. 333 Lakeside Drive Foster City, CA 94404 USA||www.gilead.com|
phone 650 574 3000 facsimile 650 578 9264