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美國
證券交易委員會
華盛頓特區20549
 
表格 8-K
 
目前的報告
根據1934年證券交易法案第13或第15(d)節
 
報告日期(最早報告事項日期):2024年11月07日
 
assertio控股公司,INC。
(根據其章程規定的註冊人準確名稱)
 
特拉華州 01-39294 85-0598378
(註冊或組織的)提起訴訟的州或其他司法管轄區(如適用)
1501 Yamato Road
 (設立或其它管轄地的州) (內部稅務服務僱主識別號碼)
 
100 S. Saunders Road, Suite 300, 萊克福里斯特伊利諾伊州 60045
(總部地址; 郵政編碼)
 
(224) 419-7106
(註冊人電話號碼,包括區號)
 
不適用
(如果自上次報告以來地址或名稱有所更改的前名稱或前地址)

每個交易所的名稱
每類股票名稱:    交易標的名稱:註冊交易所的名稱:
普通股,每股面值0.0001美元 ASRT納斯達克股票交易所有限責任公司
 
如果在下列文件之下勾選適當的方框,表8-K的提交同時也是公司根據以下任一條規定的提交要求:根據A.2.中的一般說明:
 
                                   根據證券法規定的書面通信(17 CFR 230.425)
 
                                   根據交易法規定的徵求意見材料(17 CFR 240.14a-12)
 
                                   根據交易法規定的事前溝通(17 CFR 240.14d-2(b))
 
                                   根據交易法規定的事前溝通(17 CFR 240.13e-4(c))
 
請打勾選擇:註冊人是否符合1933年證券法(本章節第230.405節)或者1934年證券交易法(本章節第2401.2億.2節)中規定的新興成長型企業。
 
新興成長公司
 
如果一個新興成長型公司,如果註冊人選擇不使用根據《證券交易法》第13(a)條規定提供的適用於遵守任何新的或修訂後的財務會計準則的延長過渡期,請用複選標記表示。



項目2.02運營結果和財務狀況。
2024年11月11日,assertio控股公司發佈新聞稿,並舉行電話會議討論截至2024年9月30日三個月和九個月的財務結果。附件中分別附有新聞稿和電話會議記錄作爲展示99.1和99.2,並在此引用。
本目前報告表格8-k("表格8-K")第2.02項中的信息不應被視爲根據經修訂的1934年證券交易法第18條的目的而「已提交」。無論是在此之前還是之後,本文中包含的信息都不會被納入公司提交給證券交易委員會(「SEC」)的任何備案文件中,無論該備案文件中是否有任何一般納入條款。
事項5.02 董事離職或某些高管的任免;董事會成員的選舉;某些高管的補償安排。
彼得·斯泰普爾和傑弗裏·瓦西卡退出董事會
2024年11月7日,彼得·斯泰普爾通知公司董事會(「董事會」)他打算於2024年11月7日(「生效日期」)生效辭去董事會成員的職務。斯泰普爾先生的養老並非因與公司在公司運營、政策或實踐相關的任何事項產生爭議或不一致。
2024年11月7日,Jeffrey Vacirca還通知公司董事會,他打算於生效日期生效之日起退休,不再擔任董事會及其委員會成員。Vacirca博士的退休不是由於與公司在任何與公司運營、政策或實踐有關的事項上發生爭執或分歧。
任命David Stark爲董事會成員
2024年11月7日,董事會任命David Stark加入董事會,任命日期起生效。與其加入董事會相關,Stark先生被任命爲董事會提名和公司治理委員會委員。
斯塔克先生,56歲,曾擔任梯瓦製藥公司(「梯瓦製藥」)的首席法律官,任期從2016年至2024年。斯塔克先生於2002年加入梯瓦製藥,並在梯瓦北美和美洲的一系列職務中任職,包括擔任高級董事、副總法律顧問、副總裁兼總法律顧問及全球專科藥品高級副總裁兼總法律顧問。加入梯瓦之前,斯塔克先生在Willkie Farr & Gallagher LLP的訴訟部門任律師(1998年至2002年)、Chadbourne & Parke(1997年至1998年)和Haight, Gardner, Poor & Havens(1994年至1997年)任職。斯塔克先生是Stark Creative Solutions LLC的創始人兼首席執行官,專門提供創新解決法律挑戰的方案。董事會考慮到斯塔克先生在以下與公司及其業務相關領域的經驗和專長,得出他應該加入董事會的結論:法律經驗、併購、公司管理和公司策略。斯塔克先生擁有紐約大學法學院法學碩士學位和東北大學政治學文學學士學位(優等生)。
關於他在董事會任職的事宜,斯塔克先生有權獲得公司所有非僱員董事應得的薪酬和股權獎勵,具體規定詳見公司提交給證券交易委員會的2024年8月7日提交的10-Q表格附表10.4中的《公司非僱員董事薪酬和授予政策》。公司還與斯塔克先生簽訂了其標準形式的賠償協議。
前瞻性聲明
包含在本8-k表格中並通過引用納入的聲明包括前瞻性聲明。前瞻性聲明可能討論未來計劃、趨勢、事件、運營結果或財務狀況等方面的目標、意圖和期望,或基於當前信念的其他內容。前瞻性聲明僅在發佈之日或聲明中指示的日期作出,並不應被視爲對未來事件的預測,因爲無法保證這些聲明反映的事件或情況將被實現或發生。前瞻性聲明通常可以通過使用前瞻性術語來識別,包括「預期」,「近似」,「相信」,「可能」,「設計」,「估計」,「期望」,「目標」,「打算」,「可能」,「機會」,「展望」,「計劃」,「潛在」,「項目」,「預期」,「審慎」,「尋求」,「應當」,「策略」,「目標」,「將」或這些詞語的否定形式和短語,這些詞語和短語的其他變體或類似術語。



These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements, including: the Company’s ability to grow sales of, and the commercial success and market acceptance of, Rolvedon and the Company’s other products; the Company’s ability to successfully develop and execute its sales, marketing and promotion strategies using its sales force and non-personal promotion model capabilities; the impact on sales and profits from the entry and sales of generics of the Company’s products and/or other products competitive with any of the Company’s products (including indomethacin suppositories compounded by hospitals and other institutions including a 503B compounder which the Company believes to be violation of certain provisions of the Food, Drug and Cosmetic Act); the timing and impact of additional generic approvals and uncertainty around the recent approvals and launches of generic Indocin products (which are not patent protected and now face generic competition as a result of the August 2023 approval and launch of generic indomethacin suppositories and January 2024 approval and subsequent launch of a generic indomethacin oral suspension product); risks that any new businesses will not be integrated successfully or that the combined company will not realize estimated cost savings, value of certain tax assets, synergies and growth, or that such benefits may take longer and/or cost more to realize than expected; expected industry trends, including pricing pressures and managed healthcare practices; the Company’s ability to attract and retain executive leadership and key employees; the ability of the Company’s third-party manufacturers to manufacture adequate quantities of commercially salable inventory and active pharmaceutical ingredients for each of the Company’s products on commercially reasonable terms and in compliance with their contractual obligations to the Company, and the Company’s ability to maintain its supply chain which relies on single-source suppliers; the outcome of, and the Company’s intentions with respect to, any litigation or government investigations, including pending and potential future shareholder litigation relating to the Spectrum Merger and/or the recent approval and launch of generic indomethacin suppositories, opioid-related government investigations and opioid-related litigation, the recently unsealed qui tam litigation, as well as Spectrum’s legacy shareholder and other litigation, and other disputes and litigation, and the costs and expenses associated therewith; the Company’s financial cost and outcomes of clinical trials, including the extent to which data from the Rolvedon same-day dosing trial may support ongoing commercialization efforts; the Company’s compliance with legal and regulatory requirements related to the development or promotion of its products; variations in revenues obtained from commercialization agreements and the accounting treatment with respect thereto; the Company’s common stock maintaining compliance with The Nasdaq Capital Market’s minimum closing bid requirement of at least $1.00 per share, particularly in light of our stock trading below or only slightly above $1.00 per share recently as well as recent market activity by a short seller; and the Company’s ability to obtain and maintain intellectual property protection for its products and operate its business without infringing the intellectual property rights of others. For a discussion of additional factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the risks described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC. Many of these risks and uncertainties may be exacerbated by public health emergencies and general macroeconomic conditions. The Company does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.
Non-GAAP Financial Measures
To supplement the Company’s financial results presented on a U.S. generally accepted accounting principles (“GAAP”) basis, the Company has included and/or incorporated by reference into this Form 8-K information about non-GAAP measures of EBITDA, adjusted EBITDA, adjusted earnings, adjusted earnings per share, and adjusted operating expenses as useful operating metrics. The Company believes that the presentation of these non-GAAP financial measures, when viewed with results under GAAP provides supplementary information to analysts, investors, lenders, and the Company’s management in assessing the Company’s performance and results from period to period. The Company uses these non-GAAP measures internally to understand, manage and evaluate the Company’s performance and, in part, in the determination of bonuses for executive officers and employees. These non-GAAP financial measures should be considered in addition to, and not a substitute for, or superior to, net income or other financial measures calculated in accordance with GAAP. Non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, non-GAAP measures used by other companies.
The statements included in and/or incorporated by reference into this Form 8-K also include estimated full-year non-GAAP adjusted EBITDA and estimated full-year non-GAAP operating expense information, which the Company believes enables investors to better understand the anticipated performance of the business, but should be considered a supplement to, and not as a substitute for or superior to, financial measures calculated in accordance with GAAP. No reconciliations of these non-GAAP metrics are provided because some of the information necessary to estimate the most directly comparable financial measures calculated in accordance with GAAP, such as income taxes, fair value change in contingent consideration, and stock-based compensation, is not yet ascertainable or accessible and the Company is unable to quantify these amounts that would be required to be included in such estimates without unreasonable efforts.



Specified Items
Non-GAAP measures included in and/or incorporated by reference into this Form 8-K exclude specified items. The Company considers specified items to be significant income/expense items not indicative of current operations. Specified items may include adjustments to interest expense and interest income, income tax expense (benefit), depreciation expense, amortization expense, sales reserves adjustments for products the Company is no longer selling, stock-based compensation expense, fair value adjustments to contingent consideration or derivative liability, restructuring charges, amortization of fair value inventory step-up as a result of purchase accounting, transaction-related costs, gains, losses or impairments from adjustments to long-lived assets and assets not part of current operations, changes in valuation allowances on deferred tax assets, and gains or losses resulting from debt refinancing or extinguishment.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
99.1
99.2
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
 



SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 ASSERTIO HOLDINGS, INC.
   
Date: November 12, 2024
By:/s/ Brendan P. O’Grady
  Brendan P. O’Grady
  Chief Executive Officer
(Principal Executive Officer)