Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnFebruary 18, 2021 , the Compensation Committee (the "Committee") of the Board of Directors ofGenMark Diagnostics, Inc. (the "Company") adopted the 2021 Bonus Plan, which provides for the payment to eligible employees, including the Company's named executive officers ("NEOs"), of cash incentive compensation for the 2021 calendar year performance period. The Compensation Committee established a target bonus under the 2021 Bonus Plan for the Company's CEO equal to 100% of his annual base salary, and established a target bonus for each of the Company's other NEOs equal to 50% of their respective 2021 base salaries. Bonuses payable under the 2021 Bonus Plan are based on certain financial and operational goals as approved by the Compensation Committee. Based on actual performance, a participant in the 2021 Bonus Plan may receive between 0% and 150% of his or her target bonus amount under the 2021 Bonus Plan. The foregoing description of the 2021 Bonus Plan is only a summary, does not purport to be complete, and is qualified in its entirety by reference to the full text of the 2021 Bonus Plan, a copy of which is filed hereto as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1* TheGenMark Diagnostics, Inc. 2021 Bonus Plan 104 Cover Page Interactive Data File (embedded
within the Inline XBRL document)
* Indicates a management contract or compensatory plan or arrangement in which any
director or named executive officer participates.
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