UNITED STATES
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FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 22, 2023, the Board of Directors of Lantheus Holdings, Inc. (the “Company”) elevated the level of Robert J. Marshall, Jr.’s role as Chief Financial Officer and Treasurer of the Company and its subsidiaries, effective as of August 28, 2023. In recognition of his ongoing contributions to the Company, his annual base salary will be increased to $650,000, his target annual bonus will be increased to 75% of his annual base salary, and his target value of long-term incentive awards will be increased to $3,000,000. Mr. Marshall will also be granted equity incentive awards in the form of restricted stock units with vesting in three equal annual installments over three years valued at $325,000 in the aggregate (based on the closing price of a share of the Company’s common stock on August 29, 2023).
Additionally, on August 25, 2023, the Talent and Compensation Committee of the Board of Directors of the Company approved changes in compensation for Etienne Montagut, the Company’s Chief Business Officer, effective as of August 28, 2023. In recognition of his ongoing contributions to the Company, his annual base salary will be increased to $575,000, his target annual bonus will be increased to 60% of his annual base salary, and his target value of long-term incentive awards will be increased to $2,000,000.
The forms and terms of annual equity incentive awards will be determined during the Company’s regular annual compensation cycle around March 2024.
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.
| LANTHEUS HOLDINGS, INC. | ||
| By: | /s/ Daniel M. Niedzwiecki | |
| Name: | Daniel M. Niedzwiecki | |
| Title: | Chief Administrative Officer, General Counsel and Corporate Secretary | |
Date: August 28, 2023