Neptune CEO and CLO placed on mandatory unpaid leave amid restructuring

Neptune Wellness Solutions Inc.

CEO Michael Cammarata and CLO John Wirt placed on mandatory unpaid leave effective Feb 23, 2024.
Cammarata resigned from board; challenging leave under employment agreement; risk of dispute.
Special restructuring committee appointed to find interim CEO and lead through transition.
Initial leave period is 30 days; no assurance employees will return; evaluating strategic alternatives.

item 5.02 item 8.01 item 9.01

Executive movements

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

Departed

Michael Cammarata

director

Neptune Wellness Solutions Inc.

Effective: 2024-02-27
Filed: February 27, 2024, 6:59 PM ET

Mr. Cammarata also concurrently resigned from the Company’s board of directors (the “Board”) and all other board positions at the Company’s subsidiaries and affiliates effective immediately.

Departed

Michael Cammarata

President and Chief Executive Officer

Neptune Wellness Solutions Inc.

Effective: 2024-02-23
Filed: February 27, 2024, 6:59 PM ET

its President and Chief Executive Officer, Michael Cammarata, and its Executive Vice President and Chief Legal Officer, John Wirt, have been placed on mandatory unpaid leave, effective February 23, 2024

Departed

John Wirt

Executive Vice President and Chief Legal Officer

Neptune Wellness Solutions Inc.

Effective: 2024-02-23
Filed: February 27, 2024, 6:59 PM ET

its Executive Vice President and Chief Legal Officer, John Wirt, have been placed on mandatory unpaid leave, effective February 23, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Cammarata resigned as director at Neptune Wellness Solutions Inc..

Action: resigned
Role: director

Exact text from the filing

Mr. Cammarata also concurrently resigned from the Company’s board of directors (the “Board”) and all other board positions at the Company’s subsidiaries and affiliates effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Cammarata departed as President and Chief Executive Officer at Neptune Wellness Solutions Inc..

Action: placed on mandatory unpaid leave
Role: President and Chief Executive Officer

Exact text from the filing

its President and Chief Executive Officer, Michael Cammarata, and its Executive Vice President and Chief Legal Officer, John Wirt, have been placed on mandatory unpaid leave, effective February 23, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Wirt departed as Executive Vice President and Chief Legal Officer at Neptune Wellness Solutions Inc..

Action: placed on mandatory unpaid leave
Role: Executive Vice President and Chief Legal Officer

Exact text from the filing

its Executive Vice President and Chief Legal Officer, John Wirt, have been placed on mandatory unpaid leave, effective February 23, 2024

View on SEC.gov

Source: SEC EDGAR

accession 0001437749-24-005618

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