LivaNova CEO Damien McDonald resigns; interim CEO William Kozy appointed; preliminary Q1 revenue $263M up 9%

LivaNova PLC

Damien McDonald resigned as CEO effective April 14, 2023; William Kozy appointed interim CEO.
Board retained executive search firm to identify permanent CEO; Kozy remains Board Chair.
McDonald receives £1,062,138.55 notice payment; unvested equity forfeited; garden leave until May 31, 2023.
Preliminary Q1 2023 revenue $263M, up 9% from $240M in Q1 2022.
Full first-quarter results will be released May 3, 2023.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed (interim)

William A. Kozy

Chief Executive Officer

LIVN · LivaNova PLC

Effective: 2023-04-14
Filed: April 14, 2023, 7:59 PM ET

the Company announced that William A. Kozy, Chair of the Board of Directors, has been appointed interim Chief Executive Officer.

Departed

Damien McDonald

Chief Executive Officer

LIVN · LivaNova PLC

Effective: 2023-04-14
Successor: William A. Kozy
Filed: April 14, 2023, 7:59 PM ET

the Company announced that Damien McDonald resigned as Chief Executive Officer of the Company and as a member of the Company’s Board of Directors, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

LivaNova PLC reported first quarter 2023 results: revenue $263 million.

Period: first quarter 2023
Revenue: $263 million
Result: preliminary results

Exact text from the filing

the company is announcing preliminary first quarter 2023 reported revenue of $263 million, an increase of 9% from first quarter 2022 reported revenue of $240 million

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William A. Kozy was appointed as Chief Executive Officer at LivaNova PLC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Company announced that William A. Kozy, Chair of the Board of Directors, has been appointed interim Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Damien McDonald resigned as Chief Executive Officer at LivaNova PLC.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

the Company announced that Damien McDonald resigned as Chief Executive Officer of the Company and as a member of the Company’s Board of Directors, effective immediately.

View on SEC.gov

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LivaNova PLC filing history →

Source: SEC EDGAR

accession 0001639691-23-000037

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