SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 1, 2020
(Exact name of registrant as specified in its charter)
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2000 16th Street
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Common Stock, $0.001 par value
New York Stock Exchange
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 5, 2020, DaVita Inc. (the “Company”) and Ms. LeAnne M. Zumwalt, the Company’s Group Vice President, Government Affairs, announced her retirement from DaVita Inc. after over twenty years of service. In connection with this announced retirement, Ms. Zumwalt entered into a Transition Agreement on October 1, 2020 (the “Transition Agreement”).
Under the terms of the Transition Agreement, Ms. Zumwalt will serve as Group Vice President, Government Affairs until January 31, 2021 (the “Retirement Date”). Subject to Ms. Zumwalt’s continuous employment with the Company through the Retirement Date and execution and non-revocation of a release of claims in favor of the Company, (i) Ms. Zumwalt will be eligible to receive a success bonus equal to $450,000, subject to the achievement of bonus criteria related to the transition of her responsibilities to a successor and any special projects assigned by the Company’s Chief Executive Officer or his designee, and (ii) Ms. Zumwalt will receive $37,500 as reimbursement for the costs of maintaining health benefits. Ms. Zumwalt will not be eligible for an annual discretionary performance bonus for 2020 under the Company’s Short-Term Incentive Program or any other bonus program established by the Company. In addition, Ms. Zumwalt will not be eligible for severance benefits under the Company’s Severance Plan for Directors and Above or under any other severance program established by the Company.
Under the terms of the Transition Agreement, Ms. Zumwalt has agreed to continue to be bound by certain restrictive covenants, including, but not limited to, covenants relating to non-competition, non-solicitation and non-disclosure set forth in her equity award agreements.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 5, 2020
/s/ Kathleen A. Waters
Kathleen A. Waters
Chief Legal Officer