SI-BONE, INC. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
2020 Corporate Bonus Plan OnJanuary 3, 2020 , the Compensation Committee of the Board of Directors ofSI-BONE, Inc. , (the "Company") adopted the 2020 US Bonus Plan, (the "2020 Bonus Plan") which provides eligible employees the opportunity to earn a variable cash payment based on the level of achievement by the Company of revenue goals (40%), EBITDA goals (20%) and non-financial business goals (40%), each throughDecember 31, 2020 (the "Goals"). Actual bonuses will be calculated based on actual achievement of the Goals as a percentage multiplied by target bonus, where actual performance can range from 80% to 125%. In addition, onJanuary 3, 2020 , the Compensation Committee established the 2020 base salary and target bonuses for each of the Company's named executive officers (the officers appearing in the Company's most recent summary compensation table, which appears in the Company's most recent proxy statement, filed with theSecurities and Exchange Commission onApril 30, 2019 , as follows: Total 2020 Target Performance Bonus as a Total 2020 Target 2020 Base Percentage of Performance Bonus Name Salary Base Salary Amount Jeffrey W. Dunn$ 600,000 100% $ 600,000 President and Chief Executive Officer Laura A. Francis$ 420,000 55% $ 231,000 Chief Operating Officer and Chief Financial Officer Anthony J. Recupero$ 380,000 65% $ 247,000 Chief Commercial Officer
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