Assertio Q3 net sales $28.7M, adj EBITDA $5.3M; board adds Stark, loses Staple/Vacirca

Assertio Holdings, Inc.

2024-Q3 EPS reported -$0.12 revenue$92,778,000

Q3 net product sales $28.7M vs $35.1M YoY; net loss $2.9M vs $279.5M loss (prior year impairment).
Rolvedon net sales $15.0M (stable vs $15.1M Q2); Indocin $5.7M (down from $6.9M Q2) on generic competition.
Adjusted EBITDA $5.3M (down from $12.9M YoY); adjusted EPS $0.03 vs $0.01 YoY.
Cash and short-term investments $88.6M; debt $40M (6.5% convertible notes, maturity 2027).
Board changes: Staple/Vacirca departed Nov 7; Mason appointed Chair; Stark (ex-Teva CLO) named independent director.

item 2.02 item 5.02 item 9.01

Executive movements

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

Departed

Peter Staple

Director

ASRT · Assertio Holdings, Inc.

Effective: 2024-11-07
Filed: November 12, 2024, 6:59 PM ET

On November 7, 2024, Peter Staple notified the Board of Directors (the “Board”) of the Company of his intent to retire as a member of the Board, effective November 7, 2024

Departed

Jeffrey Vacirca

Director

ASRT · Assertio Holdings, Inc.

Effective: 2024-11-07
Filed: November 12, 2024, 6:59 PM ET

On November 7, 2024, Jeffrey Vacirca also notified the Board of the Company of his intent to retire as a member of the Board and its committees, effective as of the Effective Date.

Appointed

David Stark

Director

ASRT · Assertio Holdings, Inc.

Effective: 2024-11-07
Filed: November 12, 2024, 6:59 PM ET

On November 7, 2024, the Board appointed David Stark to the Board, effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Staple retired as Director at Assertio Holdings, Inc..

Action: retired
Role: Director

Exact text from the filing

On November 7, 2024, Peter Staple notified the Board of Directors (the “Board”) of the Company of his intent to retire as a member of the Board, effective November 7, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Vacirca retired as Director at Assertio Holdings, Inc..

Action: retired
Role: Director

Exact text from the filing

On November 7, 2024, Jeffrey Vacirca also notified the Board of the Company of his intent to retire as a member of the Board and its committees, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Stark was appointed as Director at Assertio Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

On November 7, 2024, the Board appointed David Stark to the Board, effective as of the Effective Date.

View on SEC.gov

Assertio Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001808665-24-000041

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