{"id":764799,"date":"2023-06-20T10:24:01","date_gmt":"2023-06-20T14:24:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/independent-proxy-advisory-firm-iss-concludes-that-sarissa-capital-has-made-a-compelling-case-for-change-to-the-alkermes-board\/"},"modified":"2023-06-20T10:24:01","modified_gmt":"2023-06-20T14:24:01","slug":"independent-proxy-advisory-firm-iss-concludes-that-sarissa-capital-has-made-a-compelling-case-for-change-to-the-alkermes-board","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/independent-proxy-advisory-firm-iss-concludes-that-sarissa-capital-has-made-a-compelling-case-for-change-to-the-alkermes-board\/","title":{"rendered":"Independent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board"},"content":{"rendered":"

<\/p>\n

Independent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board<\/b><\/p>\n

ISS recommends that Alkermes shareholders vote the Blue Card \u201cFOR\u201d the election of Sarissa nominee Dr. Sarah Schlesinger to the Alkermes board<\/b><\/p>\n

ISS recommends that Alkermes shareholders vote \u201cAGAINST\u201d incumbent Alkermes director Richard Gaynor<\/b><\/p>\n

GREENWICH, Conn.–(BUSINESS WIRE<\/a>)–
\nSarissa Capital Management LP (\u201cSarissa\u201d) today made the following announcement regarding the conclusion reached by independent proxy advisory firm ISS that Sarissa has made a compelling case for change to the board of directors of Alkermes plc (NASDAQ: ALKS):<\/p>\n

\nWe are pleased that ISS recognizes the compelling case for change to the Alkermes board. In particular, ISS noted that \u201cthe failure to deliver profitability is a sign that [Alkermes] has not done enough to regain shareholders\u2019 trust\u201d and that \u201c[Sarissa Capital] has made a compelling case that the prolonged inability of the incumbent leadership to transition to profitability warrants change in the boardroom.\u201d Therefore, ISS concludes that shareholders\u2019 interests would be best served by adding a direct shareholder representative to the Alkermes board.<\/p>\n

\nISS also concludes that with the pending spin of its cancer business, the value of Alkermes\u2019 incumbent director Richard Gaynor will be reduced and therefore he should be removed from the Alkermes board.<\/p>\n

\nFellow Alkermes shareholders face an important decision at our upcoming annual shareholder meeting. Like ISS, we believe it is important to add direct shareholder representation to the Alkermes board. In our view, shareholder representation is critical to unlock the true potential of Alkermes and to provide the necessary oversight and accountability to prevent a reversion to the status quo of the last 30 years of underperformance under the leadership of Chairman and CEO Richard Pops.<\/p>\n

\nYour vote at Alkermes’ Annual General Meeting of Shareholders on June 29, 2023 is very important. We urge all shareholders to vote “FOR<\/span>” the election of the Sarissa Nominees, \u201cAGAINST<\/span>\u201d the compensation of the Company\u2019s named executive officers, and “FOR<\/span>” all other proposals in our proxy statement.<\/strong><\/p>\n

\nFor additional information please visit our website at upgradealkermes.com<\/a>.
\n
#UpgradeAlkermes<\/p>\n

\nIf you have any questions regarding your BLUE universal proxy card or need assistance in executing your proxy card, please contact:<\/p>\n

D.F. King & Co., Inc.
\n
<\/b>Shareholders call Toll-Free: (866) 207-3648
\n
All Others Call: (212) 493-6952
\n
Email: ALKS@dfking.com<\/a><\/p>\n

\nYou can vote in one of three easy ways: by internet at www.cesvote.com<\/a>, by telephone at 1-888-693-8683 or by mail using the BLUE<\/span><\/b> universal proxy card and postage-paid envelope sent to you.<\/p>\n

\nIf you vote by internet or telephone, you will be required to provide the unique control number printed on your BLUE<\/span><\/b> universal proxy card.<\/p>\n

Additional Information<\/b><\/p>\n

\nSarissa Capital Management LP (\u201cSarissa Capital\u201d), together with other participants, filed a definitive proxy statement and an accompanying BLUE universal proxy card with the SEC on June 2, 2023, in connection with the solicitation of shareholders of the Company for the 2023 annual general meeting of shareholders (the \u201cAnnual Meeting\u201d). Shareholders are advised to read the definitive proxy statement and other documents related to the Annual Meeting as they contain important information.<\/p>\n

\nThe definitive proxy statement and other relevant documents are available at no charge on the SEC\u2019s website at www.sec.gov<\/a>. The definitive proxy statement and other relevant documents filed by Sarissa Capital are also available at no charge at www.upgradealkermes.com<\/a> or by directing a request to Sarissa Capital\u2019s proxy solicitor, D.F. King & Co., Inc., 48 Wall Street, New York, New York 10005 (Shareholders can call toll-free: (866) 207-3648).<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230620274113\/en\/<\/a><\/span><\/p>\n

\nDayna Packes
\n
Sarissa Capital Management LP
\n
info@sarissacap.com<\/a><\/p>\n

KEYWORDS:<\/b> Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Independent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board ISS recommends that Alkermes shareholders vote the Blue Card \u201cFOR\u201d the election of Sarissa nominee Dr. Sarah Schlesinger to the Alkermes board ISS recommends that Alkermes shareholders vote \u201cAGAINST\u201d incumbent Alkermes director Richard Gaynor GREENWICH, Conn.–(BUSINESS WIRE)– Sarissa Capital Management LP (\u201cSarissa\u201d) today made the following announcement regarding the conclusion reached by independent proxy advisory firm ISS that Sarissa has made a compelling case for change to the board of directors of Alkermes plc (NASDAQ: ALKS): We are pleased that ISS recognizes the compelling case for change to the Alkermes board. In particular, ISS noted that \u201cthe failure to deliver … <\/p>\n

Continue reading “Independent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-764799","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIndependent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/independent-proxy-advisory-firm-iss-concludes-that-sarissa-capital-has-made-a-compelling-case-for-change-to-the-alkermes-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Independent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Independent Proxy Advisory Firm ISS Concludes That Sarissa Capital Has Made a Compelling Case for Change to the Alkermes Board ISS recommends that Alkermes shareholders vote the Blue Card \u201cFOR\u201d the election of Sarissa nominee Dr. Sarah Schlesinger to the Alkermes board ISS recommends that Alkermes shareholders vote \u201cAGAINST\u201d incumbent Alkermes director Richard Gaynor GREENWICH, Conn.–(BUSINESS WIRE)– Sarissa Capital Management LP (\u201cSarissa\u201d) today made the following announcement regarding the conclusion reached by independent proxy advisory firm ISS that Sarissa has made a compelling case for change to the board of directors of Alkermes plc (NASDAQ: ALKS): We are pleased that ISS recognizes the compelling case for change to the Alkermes board. 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