UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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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 January 14, 2023, Cumberland Pharmaceuticals Inc. ("Cumberland" or the "Company") learned that Joey A. Jacobs, a member of Cumberland’s Board of Directors, had passed away. Mr. Jacobs served as a member of the Company’s Board of Directors since 2011. He was the Chairman of our Governance and Nominating Committee, as well as our Lead Independent Director.
Mr. Jacobs had over 45 years of experience in the healthcare industry. He was the former Chairman and Chief Executive Officer of Acadia Healthcare, a behavioral health company. Mr. Jacobs was also the former Chairman, President and Chief Executive Officer of Psychiatric Solutions, Inc. (PSI), which he co-founded in 1997 and grew into a $2 billion behavioral healthcare system before the company’s sale to Universal Health Services in 2010. Prior to founding PSI, Mr. Jacobs spent 21 years at Hospital Corporation of America, or HCA, where he served in various capacities.
The Company’s Board of Directors plans to meet and reassign Mr. Jacobs' responsibilities.
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.
| Cumberland Pharmaceuticals Inc. | ||||||||||||||||||||
| Dated: January 17, 2023 | By: | /s/ John Hamm | ||||||||||||||||||
| John Hamm | ||||||||||||||||||||
| Chief Financial Officer | ||||||||||||||||||||