Rob25
Thank you.
First of all it is important to point out that Alex Denner is NOT trying to join the Amarin Board, he only wants to appoint his people:
“The Direct Sarissa Beneficial Owners have delivered the Requisition Notice in accordance with the Companies Act, proposing (among other things) to adopt an ordinary resolution to appoint each of Ms. Bonfiglio, Dr. Cohen, Mr. DiPaolo, Mr. Horn, Dr. Kostas, Mr. Sterling, and Ms. Sullivan as a director of the Company pursuant to each separate resolution pertaining such Nominee.”
Alex Denner is not one of the nominees.
My current plan is to vote to remove PWO primarily because he refused to add an excellent candidate, Mr DiPaolo, when initially recommended by Sarissa. He is definitely qualified and would have created shareholder representation, which the Board lacks and absolutely should have. The limited info I have seen implies a history between Denner and PWO which may have affected his decision and there is no room for personal grudges in a Boardroom. No excuse for not welcoming DiPaolo initially and preventing the current disruption. That being said, the publicity and attention is not entirely a bad thing.
I will vote to add Mr DiPaolo, as stated above, as well as Ms Sullivan who also appears very qualified and with a history showing valuable experience as well as shareholder representation.
The remaining nominees, although surely very intelligent and having impressive histories and experience, don’t bring anything that is not already covered by the new/recent/current Board members.
Amarin does not need a Board of 15 (very expensive, and “too many cooks in the kitchen”). Denner, an expert negotiator, surely knows this and may simply be demanding 7 with the plan of settling on his initial request of 3 (or even 2) before the vote actually happens.
Those are my current thoughts, since you asked.
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