Elanco EVP Aaron Schacht departs Dec 31 to lead microbiome platform carve-out; service fee up to $750k

Elanco Animal Health Inc

Aaron Schacht separated from Elanco on Dec 31, 2021 as part of restructuring plan announced Nov 30, 2021.
Schacht will lead external team developing Microbiome Platform; Elanco to pay service fee up to $750k through Mar 31, 2022.
Contingent fee may be paid upon consummation of carve-out transaction.
Severance Agreement provides benefits under Elanco Executive Severance Pay Plan, contingent on release of claims.

item 5.02

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Departed

Aaron Schacht

Executive Vice President

ELAN · Elanco Animal Health Inc

Effective: 2021-12-31
Filed: January 6, 2022, 6:59 PM ET

On December 31, 2021, Mr. Schacht, and certain other employees supporting the Microbiome Platform, separated from Elanco as part of the restructuring plan announced by Elanco on November 30, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Schacht departed as Executive Vice President at Elanco Animal Health Inc.

Action: separated
Role: Executive Vice President

Exact text from the filing

On December 31, 2021, Mr. Schacht, and certain other employees supporting the Microbiome Platform, separated from Elanco as part of the restructuring plan announced by Elanco on November 30, 2021.

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Elanco Animal Health Inc filing history →

Source: SEC EDGAR

accession 0001104659-22-001914

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