UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
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. |
Between May 21 and May 27, 2024, Kyle L. Hanson and Perrigo Company plc (“Perrigo” or the “Company”) agreed to the following. Effective May 30, 2024, Ms. Hanson will step down from her positions as Executive Vice President (“EVP”), General Counsel and Corporate Secretary of the Company and relevant affiliates. Ms. Hanson will continue as Special Counsel to the CEO, the Board and Interim General Counsel for Strategic Litigation through September 15, 2024, with a primary focus on the Company’s ongoing securities litigation and related matters, after which time she will shift to an advisory role to provide transition services through December 31, 2024.
In connection with her separation, upon entry into a standard release agreement, Ms. Hanson will receive severance benefits including one year of base salary, career transition services assistance, and Company-paid COBRA benefits. Ms. Hanson will also receive two years of tax/financial planning services and medical exam coverage. In addition, in recognition of her service during a transformational period for the Company and the successful settlement of the securities class action litigation, the Talent and Compensation Committee of the Board of Directors of the Company has authorized payment of Ms. Hanson’s 2024 incentive bonus in cash at target, continued vesting of Ms. Hanson’s existing equity awards for 36 months, and relocation benefits in the amount of $180,000. Ms. Hanson will also be eligible for a bonus grant of restricted stock units of up to $500,000 based on the achievement of certain milestones related to the securities litigation and related matters in her new role.
Item 8.01 | Other Information. |
The Company announced the appointment of Todd Kingma as Interim EVP, General Counsel and Corporate Secretary, effective May 30, 2024. Mr. Kingma retired from Perrigo in August 2022 after 19 years with the Company and has agreed to serve in the Interim role while the Company seeks a successor to Ms. Hanson.
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 28, 2024 | Eduardo Bezerra | |||||
Chief Financial Officer |