---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-031972"
form_type: "8-K"
ticker: "ELTP"
cik: "0001053369"
company_name: "ELITE PHARMACEUTICALS INC /NV/"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:31:40.661844+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Elite Pharmaceuticals reappoints Carter Ward as CFO effective Sept 5, 2023

## Summary
- Carter Ward reappointed CFO, secretary, treasurer; previously served from July 2009 to May 2021.
- Base salary $275,000; guaranteed annual bonus 20% of base; performance bonus up to 30%.
- Granted options to purchase 3,000,000 shares at closing price on effective date.
- Severance: 2 months salary per year of service (max 12 months) if terminated without cause or for good reason.

## SEC filing metadata
- accession: 0001493152-23-031972
- form_type: 8-K
- ticker: ELTP
- cik: 0001053369
- company_name: ELITE PHARMACEUTICALS INC /NV/
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053369/000149315223031972/0001493152-23-031972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1053369/000149315223031972/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031972
- JSON: https://secwatch.observer/filing/0001493152-23-031972.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031972.txt

## Key facts
- Executive change
  Carter J. Ward was appointed as chief financial officer, secretary, and treasurer at ELITE PHARMACEUTICALS INC /NV/.
  - Action: appointed
  - Role: chief financial officer, secretary, and treasurer
  source text: On September 5, 2023 (the “Effective Date”), Carter J. Ward was appointed as the Company’s chief financial officer, secretary, and treasurer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053369/000149315223031972/0001493152-23-031972-index.htm

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