Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Member of the Board of Directors
On December 21, 2019, Valeritas Holdings, Inc. (the “Company”) was informed by Luke Düster, a member of the Company’s Board of Directors (the “Board”), that he will be resigning as a director of the Company, effective immediately. Mr. Düster did not hold a position on any committee of the Board at the time of his resignation.
Resignation of Principal Financial Officer and Principal Accounting Officer
On December 18, 2019, Erick Lucera, the Company’s Executive Vice President and Chief Financial Officer, and principal financial officer, resigned from his position with the Company, effective January 3, 2020. Mr. Lucera resigned to pursue another opportunity, and there were no disagreements between the Company and Mr. Lucera on any matter regarding its operations, policies or practices.
Additionally, on December 18, 2019, Mark Conley, the Company’s Vice President, Corporate Controller and Treasurer, resigned from his position with the Company, to be effective no later than January 17, 2020. Mr. Conley resigned to pursue another opportunity, and there were no disagreements between the Company and Mr. Conley on any matter regarding its operations, policies or practices.
John Timberlake, the Company’s Chief Executive Officer and principal executive officer, will replace Mr. Lucera as the Company’s principal financial officer upon his resignation. The Board is currently evaluating a replacement for Mr. Conley as the Company’s principal accounting officer. If a suitable replacement is not identified prior to the effective date of Mr. Conley’s resignation, then Mr. Timberlake will be appointed to replace Mr. Conley as the Company’s principal accounting officer.
