---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-188876"
form_type: "8-K"
ticker: "AMRN"
cik: "0000897448"
company_name: "AMARIN CORP PLCUK"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T07:24:59.885511+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amarin reports 23% Q/Q revenue drop to $65M; cuts 30% workforce; appoints new CEO Patrick Holt

## Summary
- Preliminary Q2 product revenue ~$65M, down from $85M Q1; cash $313M (+$9M cash flow including $5M China milestone).
- Workforce reduction of ~30% expected to save ~$40M annually; ~$10M restructuring charges in Q2.
- Patrick Holt appointed President & CEO effective July 18; Aaron Berg returns to EVP, President U.S.
- Retention awards for Berg, Reilly, Ketchum include cash tranches in Feb 2024/2025 and options vesting Jan 2024/2025.
- Restructuring charges substantially all cash for termination benefits; payments expected by Dec 31, 2023.

## SEC filing metadata
- accession: 0001193125-23-188876
- form_type: 8-K
- ticker: AMRN
- cik: 0000897448
- company_name: AMARIN CORP PLCUK
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897448/000119312523188876/0001193125-23-188876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897448/000119312523188876/d838523d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-188876
- JSON: https://secwatch.observer/filing/0001193125-23-188876.json
- Plain text: https://secwatch.observer/filing/0001193125-23-188876.txt

## Key facts
- Earnings Releases
  AMARIN CORP PLCUK reported the second quarter of 2023 results: revenue approximately $65 million.
  - Period: the second quarter of 2023
  - Revenue: approximately $65 million
  - Result: preliminary results
  source text: Amarin also announced preliminary unaudited financial results for the second quarter of 2023, including product revenue of approximately $65 million compared to $85 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897448/000119312523188876/0001193125-23-188876-index.htm
- Executive change
  Patrick Holt was appointed as President and Chief Executive Officer at AMARIN CORP PLCUK.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On July 18, 2023, Amarin appointed Patrick Holt to serve as the Company’s President and Chief Executive Officer (and principal executive officer), and as a member of the Board, effective July 18, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897448/000119312523188876/0001193125-23-188876-index.htm
- Executive change
  Aaron Berg changed role as Executive Vice President, President U.S. at AMARIN CORP PLCUK.
  - Action: resumed role as
  - Role: Executive Vice President, President U.S.
  source text: Upon Mr. Holt’s start date, Aaron Berg, who has been serving as the Company’s Interim President and Chief Executive Officer, will resume his role as Amarin’s Executive Vice President, President U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897448/000119312523188876/0001193125-23-188876-index.htm
- Restructurings & Charges
  AMARIN CORP PLCUK announced a restructuring with charges of approximately $10 million affecting both in the United States and abroad (reduction of the total Amarin employee base by approximately 30% from current levels).
  - Type: restructuring
  - Charge: approximately $10 million
  - Affected area: both in the United States and abroad
  - Headcount: reduction of the total Amarin employee base by approximately 30% from current levels
  source text: Officer & Head of Global HR (and principal financial and accounting officer), with an increased base salary amount of $560,000. Amarin estimates that it will incur approximately $10 million in charges related to the ORP, substantially all of which are cash expenditures for one-time termination benefits and associated costs. Amarin expects to record the charges in
  evidence_url: https://www.sec.gov/Archives/edgar/data/897448/000119312523188876/0001193125-23-188876-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.