PERRIGO Co plc 8-K, filed May 7, 2024
PERRIGO Co plc (PRGO)
About this 8-K
PERRIGO Co plc filed this 8-K on May 7, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
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SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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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 May 7, 2024, Svend Andersen and Perrigo Company plc (“Perrigo” or the “Company”) reached mutual agreement regarding his retirement, such that Mr. Andersen will no longer serve as Executive Vice President and President, Consumer Self-Care International of the Company and all relevant subsidiaries and affiliates, to be effective July 31, 2024 in accordance with the notice provisions of his employment agreement. After such date, Mr. Anderson will then continue in an advisory capacity until December 31, 2024.
Subject to a general release of claims and other applicable obligations, upon his separation from the Company, Mr. Anderson will be entitled to a lump sum severance payment equal to one year base salary and a prorated bonus under the Annual Incentive Plan, as well as continued vesting of his equity awards as described in the Company’s definitive proxy statement filed on March 22, 2024.
| Item 8.01 | Other Information. |
On May 7, 2024, the Company announced the appointment of Roberto Khoury as Executive Vice President & President, Consumer Self-Care International, to be effective August 1, 2024. Mr. Khoury will join the Company on May 20, 2024 and work with Mr. Andersen through July 31, 2024 to help ensure a smooth transition. Prior to joining Perrigo, Mr. Khoury was Senior Vice President and General Manager of the global skin care portfolio for Kenvue (formerly a part of Johnson & Johnson).
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.
| (Registrant) | ||||||
| PERRIGO COMPANY PLC | ||||||
| By: | /s/ Eduardo Bezerra | |||||
| Dated: May 7, 2024 | Eduardo Bezerra | |||||
| Chief Financial Officer | ||||||