SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) September 14, 2020 (
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 14, 2020, Varian Medical Systems, Inc. (the “Company”) announced the appointment of Christopher A. Toth, age 41, its current President of Varian Oncology Systems, as President and Chief Operating Officer of the Company, effective October 5, 2020. Mr. Toth will report directly to Dow Wilson, Varian’s Chief Executive Officer. Mr. Toth will receive an annual base salary of $625,000 and a fiscal year 2021 target incentive opportunity under the Company’s Management Incentive Plan equal to 90% of his annual base salary.
Mr. Toth joined the Company in 2001 and has held multiple cross-functional roles and executive positions during his tenure. Most recently, Mr. Toth has served as President of Varian Oncology Systems since October 2018. Prior to his appointment as President of Varian Oncology Systems, Mr. Toth served as President of Global Commercial and Field Operations from January 2017 to September 2018, where he was responsible for global sales strategy and execution for Varian Oncology Systems and Proton Solutions. Additionally, in this role, Mr. Toth was responsible for global field service, applications training, market access and regional marketing for the Varian Oncology Systems business. From September 2014 to January 2017, Mr. Toth was President, Varian Oncology Systems Americas, and from April 2011 to September 2014, he served as Vice President, Global Marketing. Mr. Toth holds a B.A. degree in Business Administration with a concentration in Marketing from the Lundquist College of Business at the University of Oregon.
A copy of the press release is attached as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press Release dated September 14, 2020 | |
| 104 | Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Varian Medical Systems, Inc. | ||||||
| By: | /s/ Michael D. Hutchinson | |||||
| Name: | Michael D. Hutchinson | |||||
| Title: | SVP, Chief Legal Officer, Corporate Secretary | |||||
| Dated: September 14, 2020 | ||||||