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TMCNet:  FOREST LABORATORIES INC FILES (8-K) Disclosing Change in Directors or Principal Officers

[May 20, 2014]

FOREST LABORATORIES INC FILES (8-K) Disclosing Change in Directors or Principal Officers

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On Wednesday, May 14, 2014, Forest Laboratories, Inc. ("Forest") and Actavis plc ("Actavis") announced the proposed senior management team ("Management Team") of the combined company (the "Reorganization"), pending Actavis' successful close of its acquisition of Forest (the "Transaction"), which is expected to occur mid-2014, subject to certain regulatory approvals.

As a result of the Reorganization, the duties performed by Frank Perier, currently Forest's Chief Financial Officer, and Elaine Hochberg, currently the Executive Vice President, International, Strategic Planning and Government Affairs for Forest, will be transitioned to the members of the Management Team. Mr. Perier will provide transitional support of the integration process following the closing of the Transaction and Ms. Hochberg will provide transitional support during the integration planning process through the closing of the Transaction. In addition, on May 14, 2014, it was also announced that Marco Taglietti, currently the Executive Vice President, Drug Development & Research and Chief Medical Officer at Forest, has decided to leave Forest after the closing of the Transaction to pursue other professional interests. During the transition, Marco will work to ensure continued achievement of Forest's drug development objectives and support the integration planning.


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