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Boston Scientific CEO Kucheman's 2011 Total Pay Rose 47% To $4.7 Million

By Anjali Athavaley Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Boston Scientific Corp. (BSX) Chief Executive William H. Kucheman's total pay jumped 47% to $4.7 million last year after he was named interim head of the Natick, Mass., medical-device maker. President Michael F. Mahoney, Kucheman's eventual replacement, received total compensation valued at $11.7 million last year, according to a filing Thursday with the Securities & Exchange Commission. Last fall, the company named Mahoney, previously the world-wide chairman of rival Johnson & Johnson's (JNJ) medical device and diagnostics group, as its new CEO in a complicated arrangement. Under the plan, Mahoney joined Boston Scientific as president in October and is expected to become CEO Nov. 1 this year. Kucheman, formerly president of the company's cardiology, rhythm and vascular group, is serving as interim CEO until then. Boston Scientific said in a regulatory filing last fall Mahoney would get an annual salary of $900,000 plus a sign-on bonus of $1.5 million and an additional bonus of $750,000 to be paid within 30 days following his promotion to president and CEO. He also would receive $9.5 million in deferred stock. As interim CEO, Kucheman would receive an annual salary of $900,000, the company has said. Shares were unchanged after-hours after closing up 3.5% at $5.93 Thursday. -By Anjali Athavaley, Dow Jones Newswires; 212-416-4912; anjali.athavaley@dowjones.com

Stock News for Boston Scientific (BSX)
DateTimeHeadline
07/23/201507:10:17Current Report Filing (8-k)
07/23/201507:00:00Boston Scientific Announces Results For Second Quarter 2015
07/20/201509:00:00Boston Scientific Initiates Study Evaluating New Fully Resorbable...
07/16/201516:09:04Initial Statement of Beneficial Ownership (3)
07/15/201509:14:05Current Report Filing (8-k)
07/15/201508:30:00Boston Scientific Elects Donna A. James To Board Of Directors
07/09/201509:00:00Boston Scientific Bronchial Thermoplasty Treatment Recognized...
07/07/201516:09:53Statement of Changes in Beneficial Ownership (4)
07/06/201516:34:07Statement of Changes in Beneficial Ownership (4)
07/06/201516:33:41Statement of Changes in Beneficial Ownership (4)
07/06/201516:33:41Statement of Changes in Beneficial Ownership (4)
07/06/201516:19:30Statement of Changes in Beneficial Ownership (4)
07/01/201508:30:00Boston Scientific To Webcast Second Quarter 2015 Earnings Call...
06/29/201516:55:38Annual Report of Employee Stock Plans (11-k)
06/23/201510:12:00Boston Scientific's EMBLEM™ S-ICD System Named Most Innovative P...
06/22/201509:00:00Boston Scientific Initiates Global Study To Assess EMBLEM™ S...
06/10/201509:00:00New Data Demonstrate Greater Pain Relief With Boston Scientific...
06/04/201509:00:00Boston Scientific Launches The Precision Novi™ Spinal Cord S...
06/04/201509:00:00Boston Scientific Launches The Precision Novi™ Spinal Cord S...
06/01/201516:10:25Statement of Changes in Beneficial Ownership (4)

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