secwatch / observer
8-K filed January 9, 2023, 6:59 PM ET ticker EBS CIK 0001367644
other material confidence high sentiment negative materiality 0.85

Emergent BioSolutions Inc. (EBS): restructuring charge — Emergent BioSolutions preliminary 2022 rev down 38%, adj net loss $70-90M, cuts 5% workforce, exec departures

Emergent BioSolutions Inc.

Executive movements

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

Appointed

Paul Williams

Senior Vice President Products Business
EBS · Emergent BioSolutions Inc.
Filed
January 9, 2023, 6:59 PM ET
The Company also announced the appointment of Paul Williams as the Company’s Senior Vice President Products Business, reporting to the Company’s CEO, Robert Kramer.
Departed

Atul Saran

Chief Strategy and Development Officer
EBS · Emergent BioSolutions Inc.
Effective
2023-03-17
Filed
January 9, 2023, 6:59 PM ET
Atul Saran, the Company’s Chief Strategy and Development Officer, will cease employment with the Company on or about March 17, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Emergent BioSolutions Inc. reported full-year 2022 results: revenue $1,100-$1,120 million, net income $(210)-$(190) million.

Period
full-year 2022
Revenue
$1,100-$1,120 million
Net income
$(210)-$(190) million
Result
preliminary results
Exact text from the filing
Total revenues for 2022 are expected to be in the range of $1,100 million to $1,120 million
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Williams was appointed as Senior Vice President Products Business at Emergent BioSolutions Inc..

Action
appointed
Role
Senior Vice President Products Business
Exact text from the filing
The Company also announced the appointment of Paul Williams as the Company’s Senior Vice President Products Business, reporting to the Company’s CEO, Robert Kramer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Atul Saran departed as Chief Strategy and Development Officer at Emergent BioSolutions Inc..

Action
will cease employment
Role
Chief Strategy and Development Officer
Exact text from the filing
Atul Saran, the Company’s Chief Strategy and Development Officer, will cease employment with the Company on or about March 17, 2023.
View on SEC.gov
Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Emergent BioSolutions Inc. announced a restructuring with charges of $9.0M to $11.0M affecting the Company (approximately 5 percent).

Type
restructuring
Charge
$9.0M to $11.0M
Affected area
the Company
Headcount
approximately 5 percent
Exact text from the filing
On January 9, 2023, the Company also announced an organizational restructuring plan (the “Plan”) intended to reduce operating costs, improve operating margins, and continue advancing the Company’s ongoing commitment to profitable growth. The Plan includes a reduction of the Company’s current workforce by approximately 5 percent.
View on SEC.gov

Browse all earnings releases →

Emergent BioSolutions Inc. filing history →

Source: SEC EDGAR
accession 0001367644-23-000004
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.