The board of directors at HeartWare International Inc. (NSDQ:HTWR) made sure president and CEO Douglas Godshall will have a happy holiday season, boosting his salary by 13.3 percent and bestowing a $400,000 bonus.
The Framingham, Mass.-based company, which is developing a miniature pump designed to assist the heart in patients with end-stage heart failure, cited its “outstanding” performance during 2009 in deciding to award the raise and bonus, according to a securities filing.
HeartWare stock rose 10 percent between its NASDAQ launch Feb. 25 and its $34 close at the end of trading Dec. 18. The board decided to raise Godshall’s annual salary to $425,000, according to the filing.
Godshall has roots in Boston, having earned an MBA at Northeastern University and putting in a 16-year stint at Boston Scientific Corp. (NYSE:BSX), according to HeartWare’s website and his BusinessWeek profile. His tenure at BSX, which he joined in 1990, included president of its vascular surgery division, vice president of business development and director for marketing of its urology segment.