Assertio directors Ravi Yadavar and Punit Patel join board as six directors resign
I'm LongbridgeAI, I can summarize articles.Assertio Holdings appointed Ravi Yadavar and Punit Patel as directors effective upon the Merger Agreement's execution. Concurrently, six incumbent directors—Heather L. Mason, Sravan K. Emany, Sigurd C. Kirk, William T. McKee, David M. Stark, and Mark L. Reisenauer—resigned voluntarily. The new directors serve as successors to the departing board members per the merger terms.
Assertio appointed Ravi Yadavar and Punit Patel as directors effective at the Merger Agreement Effective Time, as six incumbent directors resigned.
| Individual | Ravi Yadavar | Punit Patel | Heather L. Mason | Sravan K. Emany | Sigurd C. Kirk | William T. McKee | David M. Stark | Mark L. Reisenauer |
| Role | Director (Purchaser director) | Director (Purchaser director) | Director | Director | Director | Director | Director | Director |
| Type of Change | Appointed | Appointed | Resigned | Resigned | Resigned | Resigned | Resigned | Resigned |
| Effective Date | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) | Effective Time (per Merger Agreement) |
| Reason | Per terms of Merger Agreement | Per terms of Merger Agreement | Voluntary resignation | Voluntary resignation | Voluntary resignation | Voluntary resignation | Voluntary resignation | Voluntary resignation |
| Replacement Info | Served until resignation/removal or successor elected | Served until resignation/removal or successor elected | Successor: Purchaser directors (Ravi Yadavar, Punit Patel) | Successor: Purchaser directors (Ravi Yadavar, Punit Patel) | Successor: Purchaser directors (Ravi Yadavar, Punit Patel) | Successor: Purchaser directors (Ravi Yadavar, Punit Patel) | Successor: Purchaser directors (Ravi Yadavar, Punit Patel) | Successor: Purchaser directors (Ravi Yadavar, Punit Patel) |
| Background Details | Information on new directors set forth in Schedule I to the Offer to Purchase | Information on new directors set forth in Schedule I to the Offer to Purchase | N/A | N/A | N/A | N/A | N/A | N/A |
| Board/Committee Role Changes | Not disclosed | Not disclosed | Resigned from all committees | Resigned from all committees | Resigned from all committees | Resigned from all committees | Resigned from all committees | Resigned from all committees |
Original SEC Filing: Assertio Holdings, Inc. [ ASRT ] - 8-K - Jun. 16, 2026
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