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Viatris logoViatris VTRS

Viatris said the Board increased the number of directors on the Board from 11 to 12 on June 3, 2024 and appointed Rogério Vivaldi Coelho, M.D., M.B.A., as an independent director under NASDAQ listing rules.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Viatris said the Board increased the number of directors on the Board from 11 to 12 on June 3, 2024 and appointed Rogério Vivaldi Coelho, M.D., M.B.A., as an independent director under NASDAQ listing rules.

  2. The company said Dr. Vivaldi's term expires at the 2024 annual shareholder meeting and that he was assigned to the recently reestablished Science and Technology Committee. It said both appointments took effect on June 3, 2024.

  3. The company said Dr. Vivaldi will receive compensation consistent with that of the company's other non-employee directors and has entered into an indemnification agreement with him. It said there are no arrangements or understandings under which he was selected as a director and that he has no material interest requiring disclosure under Item 404(a).

  4. In a press release, Viatris described Dr. Vivaldi as the former President and Chief Executive Officer of Sigilon Therapeutics. It said he led the approval of more than 20 orphan products in more than 15 countries during his tenure at Genzyme.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Board Expands from 11 to 12 Directors

Viatris said the Board increased the number of directors on the Board from 11 to 12 on June 3, 2024 and appointed Rogério Vivaldi Coelho, M.D., M.B.A., as an independent director under NASDAQ listing rules.

Source · Based on the filing body and exhibits

Term and Committee Assignment

The company said Dr. Vivaldi's term expires at the 2024 annual shareholder meeting and that he was assigned to the recently reestablished Science and Technology Committee. It said both appointments took effect on June 3, 2024.

Source · Based on the filing body and exhibits

Compensation and Interest Disclosure

The company said Dr. Vivaldi will receive compensation consistent with that of the company's other non-employee directors and has entered into an indemnification agreement with him. It said there are no arrangements or understandings under which he was selected as a director and that he has no material interest requiring disclosure under Item 404(a).

Source · Based on the filing body and exhibits

Dr. Vivaldi's Background

In a press release, Viatris described Dr. Vivaldi as the former President and Chief Executive Officer of Sigilon Therapeutics. It said he led the approval of more than 20 orphan products in more than 15 countries during his tenure at Genzyme.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.