---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005618"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:19:26.712825+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Neptune CEO and CLO placed on mandatory unpaid leave amid restructuring

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-005618
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401395/000143774924005618/0001437749-24-005618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000143774924005618/nept20240225_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005618
- JSON: https://secwatch.observer/filing/0001437749-24-005618.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005618.txt

## Key facts
- Executive change
  Michael Cammarata resigned as director at Neptune Wellness Solutions Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000143774924005618/0001437749-24-005618-index.htm
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000143774924005618/0001437749-24-005618-index.htm
- Executive change
  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
  source text: its Executive Vice President and Chief Legal Officer, John Wirt, have been placed on mandatory unpaid leave, effective February 23, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000143774924005618/0001437749-24-005618-index.htm

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