{"id":766582,"date":"2023-06-28T07:33:01","date_gmt":"2023-06-28T11:33:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sarissa-capital-urges-alkermes-shareholders-to-vote-for-sarah-schlesinger-and-withhold-incumbent-director-richard-gaynor\/"},"modified":"2023-06-28T07:33:01","modified_gmt":"2023-06-28T11:33:01","slug":"sarissa-capital-urges-alkermes-shareholders-to-vote-for-sarah-schlesinger-and-withhold-incumbent-director-richard-gaynor","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sarissa-capital-urges-alkermes-shareholders-to-vote-for-sarah-schlesinger-and-withhold-incumbent-director-richard-gaynor\/","title":{"rendered":"Sarissa Capital Urges Alkermes Shareholders to Vote \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Incumbent Director Richard Gaynor"},"content":{"rendered":"

<\/p>\n

Sarissa Capital Urges Alkermes Shareholders to Vote \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Incumbent Director Richard Gaynor<\/b><\/p>\n

Independent proxy advisory firm ISS also recommends voting \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Richard Gaynor<\/b><\/p>\n

Sarissa believes adding Sarah Schlesinger to the Alkermes board can unlock shareholder value and help Alkermes achieve its true potential<\/b><\/p>\n

GREENWICH, Conn.–(BUSINESS WIRE<\/a>)–
\nSarissa Capital Management LP (\u201cSarissa\u201d) today released the following letter to shareholders of Alkermes plc (NASDAQ: ALKS):<\/p>\n

\nJune 28, 2023<\/p>\n

\nDear Fellow Alkermes Shareholders:<\/p>\n

\nFor over 30 years and over $150 million in compensation, Chairman and CEO Richard Pops has presided over massive destruction of shareholder value at Alkermes, including managing to operate a $1 billion revenue-generating company (nearly one third of which is cost-free royalty income) at a perpetual loss with limited oversight by the board and no accountability to shareholders.<\/p>\n

\nShareholder pressure, including from Sarissa, has only incrementally moved the company in the right direction the last few years. We believe true change will not occur without a strong shareholder presence on the board. Despite Alkermes\u2019 process to refresh the board (a process which we believe was run by Pops), it remains a board largely seemingly devoted to Pops, without shareholder perspectives, and with incumbent directors who have superfluous skill sets. If shareholders are not added to the board, we fear that Pops will continue to run the company as he pleases and never address its fundamental issues.<\/p>\n

\nThe board steadfastly refuses to add our nominees, including Sarah Schlesinger, who the Nom-Gov committee at Alkermes previously acknowledged would be a qualified board candidate and who ISS recommended that shareholders vote \u201cFOR\u201d. Sarah has extensive expertise in biopharmaceutical R&D and experience serving on the boards of several biopharmaceutical companies, including ARIAD Pharmaceuticals and The Medicines Company, where she helped create meaningful shareholder value.<\/p>\n

\nShareholders face an important decision at the upcoming Alkermes annual shareholder meeting. We need to send a strong message to Chairman and CEO Pops that we will not accept a reversion to the status quo of prolonged underperformance.<\/p>\n

\nWe urge our fellow Alkermes shareholders to vote the BLUE universal proxy card \u201cFOR\u201d Sarah Schlesinger to provide much needed oversight and accountability at Alkermes and vote \u201cWITHHOLD\u201d on Richard Gaynor (a cancer specialist whose skills will be unnecessary after the spin of the cancer business in a few months).<\/p>\n

\nThank you for your continued support.<\/p>\n

\nSarissa Capital Management LP<\/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

\nYour vote at Alkermes’ Annual General Meeting of Shareholders on June 29, 2023 is very important. We urge all shareholders to vote \u201cFOR\u201d<\/span> the election of the Sarissa Nominees, \u201cAGAINST<\/span>\u201d the compensation of the Company\u2019s named executive officers, and \u201cFOR\u201d<\/span> all other proposals in our proxy statement.<\/strong><\/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\/20230628116190\/en\/<\/a><\/span><\/p>\n

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

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

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

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

Sarissa Capital Urges Alkermes Shareholders to Vote \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Incumbent Director Richard Gaynor Independent proxy advisory firm ISS also recommends voting \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Richard Gaynor Sarissa believes adding Sarah Schlesinger to the Alkermes board can unlock shareholder value and help Alkermes achieve its true potential GREENWICH, Conn.–(BUSINESS WIRE)– Sarissa Capital Management LP (\u201cSarissa\u201d) today released the following letter to shareholders of Alkermes plc (NASDAQ: ALKS): June 28, 2023 Dear Fellow Alkermes Shareholders: For over 30 years and over $150 million in compensation, Chairman and CEO Richard Pops has presided over massive destruction of shareholder value at Alkermes, including managing to operate a $1 billion revenue-generating company (nearly one third of which is cost-free royalty … <\/p>\n

Continue reading “Sarissa Capital Urges Alkermes Shareholders to Vote \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Incumbent Director Richard Gaynor”<\/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-766582","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSarissa Capital Urges Alkermes Shareholders to Vote \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Incumbent Director Richard Gaynor - 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\/sarissa-capital-urges-alkermes-shareholders-to-vote-for-sarah-schlesinger-and-withhold-incumbent-director-richard-gaynor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarissa Capital Urges Alkermes Shareholders to Vote \u201cFOR\u201d Sarah Schlesinger and \u201cWITHHOLD\u201d Incumbent Director Richard Gaynor - 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