Amarin Corp Plc (AMRN)

[lizzy241]

here come the lawsuits

Amarin CEO Karim Mikhail Resigns; Dispute Over Severance Pay Looms
MT NEWSWIRES 10:27 AM ET 3/31/2023
Symbol Last Price Change
AMRN 1.5031up -0.0369 (-2.3961%)
QUOTES AS OF 10:32:01 AM ET 03/31/2023
10:27 AM EDT, 03/31/2023 (MT Newswires) -- Amarin(AMRN) said in a regulatory filing Friday that Karim Mikhail has resigned as president and chief executive, effective immediately.

Mikhail claims he is entitled to severance payments as a result of his resignation, the biopharmaceutical company said in a form 8-K filing with the US Securities and Exchange Commission, adding that it plans to dispute.

The company declined to comment on the potential dispute but said an active search for a new CEO is underway.

"An active search for a new CEO is underway. While the search is underway, the Company's leadership team has been and will continue to work collaboratively and directly with the Board to ensure the organization stays focused and moves forward with the existing strategy and objectives," the company said in an emailed statement to MT Newswires.

Amarin (AMRN) shares were down 3.3% in recent Friday trading.

Price: 1.49, Change: -0.05, Percent Change: -3.25


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