On August1, 2017, DexCom, Inc. (“DexCom”) issued a press release announcing its financial results for the quarter ended June30, 2017and certain other information.This press release has been furnished as Exhibit 99.01 to this report and is incorporated herein by this reference.

The information in this Item 2.02, including Exhibit 99.01 hereto, is furnished to Item 2.02 of Form 8-K, and is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information contained herein and in the accompanying exhibit is not incorporated by reference in any filing of DexCom under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

(b) The disclosure made under Item 2.02(c) are hereby incorporated by reference into this Item 2.02(b).

(c)On August 1, 2017, DexCom announced that Quentin S. Blackford would be joining DexCom as its Chief Financial Officer, effective upon the commencement of his employment, which is expected to occur on September 1, 2017. Upon appointment by the DexCom Board of Directors, Mr. Blackford will be DexCom’s principal financial officer and principal accounting officer for purposes of the Exchange Act.

Kevin Sun, who has served as DexCom’s Interim Chief Financial Officer and principal financial officer and principal accounting officer since April 1, 2017, will cease to serve in those capacities, effective upon the commencement of Mr. Blackford’s employment, and will return to serve in his prior role as DexCom’s Vice President, Finance.

Mr. Blackford, age 38, most recently served as the Executive Vice President, Chief Financial Officer, Head of Strategy and Corporate Integrity of NuVasive, Inc., a role he had held since August 2016. In this role, Mr. Blackford was responsible for leading NuVasive’s Finance, Strategy and Corporate Development, Compliance and Regulatory functions. From August 2014 until August 2016, Mr. Blackford served as NuVasive’s Executive Vice President, Chief Financial Officer. From July 2012 to August 2014, Mr. Blackford served as NuVasive’s Executive Vice President of Finance and Investor Relations, and from January 2011 to June 2012, he served as NuVasive’s Vice President, Finance. Mr. Blackford joined NuVasive in 2009 as its Corporate Controller and was previously employed at Zimmer Holdings, Inc., including most recently as the Director of Finance and Controller for Zimmer’s Dental Division. He obtained his Certified Public Accounting license (currently inactive) following the achievement of dual Bachelor of Science degrees in Accounting and Business Administration, with an emphasis in Accounting, from Grace College.

DexCom entered into an offer letter with Mr. Blackford (the “Offer Letter”), to which Mr. Blackford will receive an initial annual base salary of $450,000 and will be eligible to receive an annual cash performance bonus. The target amount for Mr. Blackford’s 2017 cash performance bonus will be equal to 75% of Mr. Blackford’s base salary, pro-rated so that Mr. Blackford is eligible for nine months of the target bonus amount, with the actual bonus amount to be determined by the board of directors of DexCom (the “Board”). The Offer Letter does not provide for a specified term of employment and Mr. Blackford’s employment is on an at-will basis. The terms of the Offer Letter were approved by the Compensation Committee of the Board on July 28, 2017.

Mr. Blackford is also eligible to participate in DexCom’s employee benefit, retirement, severance and other plans, as may be maintained by DexCom from time to time, on a basis no less favorable than those provided to other similarly-situated executives of DexCom.

to the terms of the Offer Letter, upon commencement of his employment with DexCom and approval of the Board (or a committee thereof), Mr. Blackford will receive a grant of restricted stock units (“RSUs”) with a fair market value of $4,500,000 based on the average closing price of DexCom common stock for the 30 trading day period prior to the date that the RSUs are granted.

When granted, the RSUs will vest as follows: twenty five percent (25%) on the first day of the 13^th month after the grant date, and the remaining seventy five percent (75%) will vest in three equal annual installments thereafter, in each case,

subject to his continued employment by DexCom on each vesting date. The RSUs will be subject to the terms and conditions of DexCom’s 2015 Equity Incentive Plan, as amended, including the requirement that Mr. Blackford maintain his continuous service with DexCom.

Finally, DexCom will provide Mr. Blackford with a sign on bonus of $150,000, subject to applicable taxes and withholdings, payable on the first payroll date after his first month of full-time employment at DexCom. If Mr. Blackford terminates his employment with DexCom prior to completing one year of employment, he will be required to refund his bonus in full. If Mr. Blackford terminates his employment during his second year of employment with DexCom, he will be required to refund his bonus payment prorated on a monthly basis to the number of full months he does not work for DexCom during that second year.

The foregoing description of the Offer Letter is qualified in its entirety by reference to the full text of the Offer Letter, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated by reference herein.

Mr. Blackford will also enter into (i) an agreement to participate in DexCom’s Severance and Change in Control Plan (as defined and described in DexCom’s Form 8-K filed with the SEC on June 6, 2017), (ii) DexCom’s standard form of indemnification agreement and (iii) DexCom’s standard form of employee proprietary information and inventions agreement.

(e) The disclosure made under Item 2.02(c) are hereby incorporated by reference into this Item 2.02(e).

On August1, 2017, DexCom will make available on its website a supplement with additional business and financial information, including historical revenues by geographic and product categories. The presentation can be accessed by going towww.dexcom.com, selecting the “Investors” tab, and then selecting the “Events & Presentations” tab. The presentation will be available on our website until the next regular update.

The information in this Item 2.02 is furnished to Item 2.02 of Form 8-K, and is not deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section. The information contained herein and in the accompanying exhibits is not incorporated by reference in any filing of DexCom under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

(d) Exhibits.

DEXCOM INC Exhibit
EX-10.1 2 dxcm080117ex101.htm EXHIBIT 10.1 Exhibit San Diego,…
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About DexCom, Inc. (NASDAQ:DXCM)

Dexcom, Inc. (Dexcom) is a medical device company. The Company is focused on the design, development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers for the treatment of people with and without diabetes. Its products include SEVEN PLUS, DexCom G4, DexCom G4 PLATINUM, DexCom Share System and DexCom G5 Mobile. It had received Conformite Europeene Marking (CE Mark) approval for its fourth generation continuous glucose monitoring system, the DexCom G4 system, enabling commercialization of the DexCom G4 system. DexCom SHARE enables users of its G4 PLATINUM System to have their sensor glucose information remotely monitored by their family or friends. The G4 PLATINUM Receiver with Share uses a secure wireless connection via Bluetooth Low Energy (BLE) between a patient’s receiver and a mobile application on the patient’s iPhone to transmit glucose information.