Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On April 8, 2019, Nuance Communications, Inc. (the “Company”), announced the appointment of Robert Dahdah as the Company’s Executive Vice President and Chief Revenue Officer, effective April 15, 2019.
Mr. Dahdah, 51 years old, has nearly 30 years of experience in global sales. He joins the Company from Benefitfocus, Inc., a global provider of SaaS-based benefits platforms, where he led the company’s global sales organization as Executive Vice President, Global Sales and Marketing. Prior to joining Benefitfocus in 2017, he was Senior Vice President, Global Sales of Verizon Communications, Inc.’s Verizon Connect business since its acquisition of Fleetmatics Group, PLC in 2016, Senior Vice President, Global Sales of Fleetmatics since 2016, Senior Vice President, Global Sales for Insurance and Risk at Fidelity National Information Services, Inc. (FIS) since 2015 and Senior Vice President, Global Sales at SunGard in 2015 until its acquisition by FIS, and, from 1994-2015, held progressively senior positions at ADP, most recently Senior Vice President Sales, Global Enterprise Solutions International.
The terms of Mr. Dahdah’s offer letter provide for, among other things: (i) aone-time signing bonus of $500,000, of which $200,000 is payable upon the start of employment and $300,000 is payable on theone-year anniversary thereof; (ii) an annual base salary of $485,000; (iii) an annual incentive compensation target of 75% of annual base salary, (iv) aone-time $2.5 million make-whole grant of restricted stock units, (v) an annual long-term incentive compensation target of $1.7 million, and (vi) alump-sum relocation allowance of $150,000.
Additionally, Mr. Dahdah will be eligible to participate in the benefit programs generally available to employees of the Company.
A copy of the press release relating to Mr. Dahdah’s appointment is filed as Exhibit 99.1 to thisForm 8-K.
Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits