Assertio Holdings Reports Officer/Director Changes, Comp Arrangements
Ticker: ASRT · Form: 8-K · Filed: 2024-01-05T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation
TL;DR
**Assertio filed an 8-K about executive changes and compensation, watch for details.**
AI Summary
Assertio Holdings, Inc. filed an 8-K on January 5, 2024, reporting an event that occurred on January 2, 2024. This filing indicates changes related to the departure or election of directors or certain officers, and/or compensatory arrangements for certain officers. While specific names or dollar amounts are not detailed in the provided text, this type of filing is crucial for investors as it signals potential shifts in leadership or executive compensation, which can impact the company's strategic direction and financial health, ultimately affecting stock performance.
Why It Matters
Changes in executive leadership or compensation can signal strategic shifts or financial health concerns, directly influencing investor confidence and the company's future performance.
Risk Assessment
Risk Level: medium — The filing indicates significant corporate governance changes (officer/director departures/appointments and compensation), which can introduce uncertainty or new strategic directions.
Analyst Insight
Investors should monitor Assertio Holdings, Inc.'s subsequent filings and press releases for specific details on the executive changes and compensation arrangements, as these will provide clarity on the company's future direction and potential impact on stock value.
Key Numbers
- $0.0001 — par value per share (par value of Assertio's Common Stock)
Key Players & Entities
- Assertio Holdings, Inc. (company) — registrant filing the 8-K
- Nasdaq Stock Market LLC (company) — exchange where Assertio's common stock is registered
- 001-39294 (dollar_amount) — Commission File Number
- 85-0598378 (dollar_amount) — IRS Employer Identification No.
- January 2, 2024 (date) — date of earliest event reported
- January 5, 2024 (date) — date the 8-K was filed
Forward-Looking Statements
- Assertio Holdings, Inc. will provide more specific details regarding the executive changes and compensation arrangements in future filings or press releases. (Assertio Holdings, Inc.) — high confidence, target: Q1 2024
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 2, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 5, 2024.
What is the trading symbol for Assertio Holdings, Inc. common stock?
The trading symbol for Assertio Holdings, Inc. common stock is ASRT.
On which exchange is Assertio Holdings, Inc. common stock registered?
Assertio Holdings, Inc. common stock is registered on The Nasdaq Stock Market LLC.
What specific items were reported under 'ITEM INFORMATION' in this 8-K?
The 'ITEM INFORMATION' sections reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
Filing Stats: 1,190 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-01-05 17:00:12
Key Financial Figures
- $0.0001 — ge on which registered: Common Stock, $0.0001 par value ASRT The Nasdaq Stock Mar
- $540,000 — will receive a base salary at a rate of $540,000 per annum and will be eligible for a ca
- $200,000 b — l be eligible for a cash bonus of up to $200,000 based upon the achievement of performance
Filing Documents
- tm241594d1_8k.htm (8-K) — 31KB
- tm241594d1_ex10-1.htm (EX-10.1) — 11KB
- tm241594d1_ex10-1img001.jpg (GRAPHIC) — 9KB
- tm241594d1_ex10-1img002.jpg (GRAPHIC) — 19KB
- 0001104659-24-001870.txt ( ) — 256KB
- asrt-20240102.xsd (EX-101.SCH) — 3KB
- asrt-20240102_lab.xml (EX-101.LAB) — 33KB
- asrt-20240102_pre.xml (EX-101.PRE) — 22KB
- tm241594d1_8k_htm.xml (XML) — 3KB
01
Item 9.01
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 Offer Letter dated January 2, 2024 between the Company and Heather Mason 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. ASSERTIO HOLDINGS, INC. Date: January 5, 2024 By: /s/ Sam Schlessinger Sam Schlessinger Senior Vice President and General Counsel