Bausch Health directors Icahn and Miller resign after Icahn Group stake falls; Paulson increases holding to 19.13%

Bausch Health Companies Inc.

Brett M. Icahn and Steven D. Miller resigned from the board effective August 14, 2025, upon termination of the Director Appointment and Nomination Agreement.
The agreement terminated because the Icahn Group's net long position in BHC shares fell below the required threshold.
Paulson Capital Inc. and affiliates acquired the Icahn Group's 34,721,118 common shares, increasing its beneficial ownership to 19.13% of outstanding shares.
John A. Paulson, Board Chairperson, expressed confidence in Bausch Health's value and business prospects.
Resignations were not due to any disagreement with the company.

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