0001665988FALSE00016659882021-07-142021-07-1400016659882021-06-302021-06-30

(Exact name of registrant as specified in charter)

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Registrant’s telephone number, including area code: (919) 474-6700

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Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒ Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 12, 2021, the Board of Directors (the “Board”) of Bioventus Inc. (the “Company”) elected Mary Kay Ladone to the Board as a Class II director for a term ending at the 2023 annual meeting of stockholders of the Company, effective July 15, 2021 (the “Effective Date”). Ms. Ladone was also appointed to the Board’s Audit and Risk Committee (the “Audit Committee”) and Compensation Committee.

Mary Kay Ladone, 55, has served as Senior Vice President, Corporate Development, Strategy and Investor Relations, of Hill-Rom Holdings, Inc. (“Hill-Rom”) since December 2018. She previously served as Vice President, Investor Relations, since joining Hill-Rom in July 2016. Before joining Hill-Rom, she served as Senior Vice President, Investor Relations, of Baxalta Inc. from 2015 to 2016. Prior to that, she served in a variety of senior finance, business development and investor relations roles for Baxter International, Inc. The Company’s Board believes that Ms. Ladone’s significant finance and investor relations experience at large public healthcare companies will be invaluable to the Board.

Ms. Ladone will be entitled to the standard compensation paid by the Company to its non-employee directors, including an annual cash retainer of $55,000 for Board service as well as an additional $10,000 for service on the Audit Committee and $7,500 for service on the Compensation Committee. In addition, Ms. Ladone will receive an initial award of restricted stock units having an aggregate fair value equal to $152,000, pro-rated in accordance with the Company’s Non-Employee Director Compensation Policy.

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.