Three Emmaus directors resign after dispute with CEO over financial oversight and cost cuts

Emmaus Life Sciences, Inc.

Lori Teranishi, Alfred Lui, and Jane Pine Wood resigned June 8, 2022, at CEO Yutaka Niihara's request.
Directors stated resignations followed their repeated requests for financial information and business plans.
CEO takes voluntary 30% salary reduction for three months; other senior management take 10% cuts.
Non-essential spending cut, including suspension of EJ Holdings facility retrofitting in Ube, Japan.
Company expects positive operating income later this year via increased Endari sales in U.S. and UAE/GCC.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Lori Teranishi

Director

EMMA · Emmaus Life Sciences, Inc.

Effective: 2022-06-08
Filed: June 10, 2022, 7:59 PM ET

By letter dated June 8, 2022, Lori Teranishi, Alfred Lui, M.D., and Jane Pine Wood graciously tendered their resignation as directors of Emmaus Life Sciences, Inc.

Departed

Alfred Lui

Director

EMMA · Emmaus Life Sciences, Inc.

Effective: 2022-06-08
Filed: June 10, 2022, 7:59 PM ET

By letter dated June 8, 2022, Lori Teranishi, Alfred Lui, M.D., and Jane Pine Wood graciously tendered their resignation as directors of Emmaus Life Sciences, Inc.

Departed

Jane Pine Wood

Director

EMMA · Emmaus Life Sciences, Inc.

Effective: 2022-06-08
Filed: June 10, 2022, 7:59 PM ET

By letter dated June 8, 2022, Lori Teranishi, Alfred Lui, M.D., and Jane Pine Wood graciously tendered their resignation as directors of Emmaus Life Sciences, Inc.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lori Teranishi resigned as Director at Emmaus Life Sciences, Inc..

Action: resigned
Role: Director

Exact text from the filing

By letter dated June 8, 2022, Lori Teranishi, Alfred Lui, M.D., and Jane Pine Wood graciously tendered their resignation as directors of Emmaus Life Sciences, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alfred Lui resigned as Director at Emmaus Life Sciences, Inc..

Action: resigned
Role: Director

Exact text from the filing

By letter dated June 8, 2022, Lori Teranishi, Alfred Lui, M.D., and Jane Pine Wood graciously tendered their resignation as directors of Emmaus Life Sciences, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jane Pine Wood resigned as Director at Emmaus Life Sciences, Inc..

Action: resigned
Role: Director

Exact text from the filing

By letter dated June 8, 2022, Lori Teranishi, Alfred Lui, M.D., and Jane Pine Wood graciously tendered their resignation as directors of Emmaus Life Sciences, Inc.

View on SEC.gov

Emmaus Life Sciences, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-032224

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