secwatch.observer — SEC 8-K summary
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Issuer:     AMARIN CORP PLCUK (AMRN)
CIK:        0000897448
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0000950170-24-087391
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897448/000095017024087391/0000950170-24-087391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897448/000095017024087391/amrn-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-087391

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer