Amarin appoints Aaron Berg as CEO with $700K salary, performance options for 5M shares

AMARIN CORP PLCUK

Berg's base salary $700K, eligible for cash incentive compensation; agrees to buy $100K of AMRN shares.
Performance-based option to purchase 5M shares; hurdles $1.25-$10.00 share price (60-day VWAP).
Severance: 18 months base + 0.975x base lump sum (outside change of control); 3.3x base within change of control period.
Option grant expected August 1, 2024; exercise price = closing price on grant date.

item 5.02 item 9.01

Executive movements

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Appointed

Aaron Berg

Member of the Board of Directors

AMRN · AMARIN CORP PLCUK

Effective: 2024-06-04
Filed: July 29, 2024, 7:59 PM ET

In addition, Mr. Berg was also appointed as a member of the Company’s board of directors (the “Board”), effective as of the CEO Start Date.

Appointed

Aaron Berg

President and Chief Executive Officer

AMRN · AMARIN CORP PLCUK

Effective: 2024-06-04
Filed: July 29, 2024, 7:59 PM ET

As previously disclosed, on June 3, 2024, Amarin Corporation plc (the “Company”) announced that Aaron Berg was appointed to the role of President and Chief Executive Officer (and principal executive officer) of the Company, effective June 4, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Aaron Berg was appointed as Member of the Board of Directors at AMARIN CORP PLCUK.

Action: appointed
Role: Member of the Board of Directors

Exact text from the filing

In addition, Mr. Berg was also appointed as a member of the Company’s board of directors (the “Board”), effective as of the CEO Start Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Aaron Berg was appointed as President and Chief Executive Officer at AMARIN CORP PLCUK.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

As previously disclosed, on June 3, 2024, Amarin Corporation plc (the “Company”) announced that Aaron Berg was appointed to the role of President and Chief Executive Officer (and principal executive officer) of the Company, effective June 4, 2024

View on SEC.gov

AMARIN CORP PLCUK filing history →

Source: SEC EDGAR

accession 0000950170-24-087391

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