AVADEL PHARMACEUTICALS PLC (NASDAQ:AVDL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March 22, 2018, Avadel Pharmaceuticals plc (the “Company”) announced that, effective as of March 22, 2018, Gregory J. Divis has been promoted to Executive Vice President and Chief Operating Officer, a newly created position at the Company. Since joining the Company in January 2017, Mr. Divis, age 51, has served as Executive Vice President and Chief Commercial Officer. Mr. Divis brings to his role at the Company more than 25 years of experience in the pharmaceutical industry, and in his new positions will continue to be responsible for managing commercial strategy and execution across all of the Company’s portfolio products. Prior to joining the Company, Mr. Divis served as an Operating Partner for Linden Capital, a middle-market healthcare-focused private equity firm from June 2015 to December 2016. Prior to Linden Capital, from June 2010 to November 2014 Mr. Divis was the President and Chief Executive Officer of K-V Pharmaceutical Company (“K-V”), a company engaged in the development of proprietary drug delivery systems and formulation technologies. On August 4, 2012, K-V and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code and, on September 16, 2013, successfully emerged to a plan of reorganization. Following bankruptcy, K-V changed its name to Lumara Health, Inc., strengthened its business and engaged in a series of transactions culminating in its acquisition by AMAG Pharmaceuticals in November 2014. Mr. Divis has also held such notable roles as President, Ther-Rx Corporation, Vice-President, Business Development & Lifecycle Management at Sanofi-Aventis and Vice-President and General Manager, UK and Ireland, for Schering-Plough Corporation. Mr. Divis is a graduate of the University of Iowa.
Mr. Divis entered into an employment agreement with the Company on September 5, 2017. A description of such employment agreement is set forth in the Company’s current report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2017 and is incorporated herein by reference, and a copy of such employment agreement was set forth as Exhibit 10.2 to the Company’s quarterly report on Form 10-Q filed with the SEC on November 9, 2017 and is incorporated herein by reference.
On March 22, 2018, the Company issued a press release announcing the promotion of Gregory J. Divis to Executive Vice President and Chief Operating Officer of the Company. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
AVADEL PHARMACEUTICALS PLC ExhibitEX-99.1 2 tv489219_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Avadel Pharmaceuticals Announces Promotion of Gregory J. Divis to Chief Operating Officer Dublin,…To view the full exhibit click here