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
Date of Report (Date of earliest event reported): April 15, 2025
Organon & Co.
(Exact name of registrant as specified in its charter)
| Delaware | 001-40235 | 46-4838035 | ||
| (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
| incorporation) | ||||
| 30
Hudson Street, Floor
33, Jersey City, NJ |
07302 | |||
| (Address and principal executive offices) |
(Zip Code) |
| Registrant’s telephone number, including area code: (551) 430-6900 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock, par value $0.01 per share | OGN | NYSE |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 15, 2025, the Board of Directors (the “Board”) of Organon & Co. (the “Company”), upon the recommendation of the Environmental, Social and Governance Committee of the Board, determined that effective July 1, 2025, (i) the size of the Board will be increased by one person and (ii) the appointment of Ramona A. Sequeira will become immediately effective to fill the resulting vacancy. Ms. Sequeira will serve on the Talent Committee of the Board, effective upon her July 1, 2025 appointment to the Board.
There is no arrangement or understanding between Ms. Sequeira and any other person pursuant to which she was selected as a director of the Company, and there are no family relationships between Ms. Sequeira and any of the Company’s directors or executive officers. There are no transactions to which the Company is a party and in which Ms. Sequeira has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.
Like other non-employee directors, Ms. Sequeira will receive compensation for her service as a director in accordance with the Company’s director compensation program, as described under “Director Compensation” in the Company’s Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 25, 2024. Ms. Sequeira will receive pro-rated cash compensation for her service as a non-employee director during 2025. In connection with her service on the Board, the Company and Ms. Sequeira will enter into an Indemnification Agreement, a form of which was filed as Exhibit 10.15 to the Company’s Current Report on Form 8-K (File No. 001-40235) filed on June 3, 2021.
| Item 7.01 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 15, 2025, the Company issued a press release relating to the matters set forth in Item 5.02 of this report. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, is considered to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. The information in this Item 7.01 shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.
| Exhibit No. | Description | |
| 99.1 | Press release, dated April 15, 2025. | |
| 104 | The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. |
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.
| Organon & Co. | |||
| By: | /s/ Kirke Weaver | ||
| Name: | Kirke Weaver | ||
| Title: | General Counsel & Corporate Secretary | ||
Dated: April 15, 2025
Exhibit 99.1
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News Release |
| Media Contacts: | Felicia Bisaro | Investor Contacts: | Jennifer Halchak |
| (646) 703-1807 | (201) 275-2711 | ||
| Kate Vossen | |||
| (732) 675-8448 |
Organon Appoints Ramona A. Sequeira to the Company’s Board of Directors
JERSEY CITY, N.J.-- (BUSINESS WIRE) -- April 15, 2025 -- Organon (NYSE: OGN) a global healthcare company with a focus on women’s health, today announced the appointment of Ramona A. Sequeira, President of the Global Portfolio Division at Takeda Pharmaceutical Company, to Organon’s Board of Directors, effective July 1, 2025. Ms. Sequeira will serve on the Board’s Talent Committee. In connection with Ms. Sequeira’s appointment, the size of Organon’s Board will be expanded to 12 directors.
Ms. Sequeira brings more than 30 years of pharmaceutical industry expertise, with 20 years at Eli Lilly and Company and 10 years at Takeda. She is a proven commercial leader with a steadfast commitment to building strategies around the needs of patients and a track record of strong execution across global markets including the USA, Europe and Emerging Markets.
“We are excited to strengthen our Board with the appointment of Ramona Sequeira,” said Carrie Cox, Chairman of Organon’s Board of Directors. “Her deep experience in commercial strategy will be a valuable asset to Organon as we continue to seek growth opportunities for our expansive and diverse portfolio.”
In her role as President of the Global Portfolio Division, Ms. Sequeira sits on Takeda’s Global Executive Team and is responsible for leading business units across Europe and Canada, China and Growth and Emerging Markets– in addition to Takeda’s Vaccines Business Unit and Global Medical and Commercial Strategy functions. She co-chairs Takeda’s Pipeline Review Committee and previously led Takeda’s US business. Prior to joining Takeda, Ms. Sequeira held senior roles at Eli Lilly, including General Manager of Lilly UK and Northern Europe and Vice President of Lilly USA. She was the first woman to Chair the Pharmaceutical Research and Manufacturers of America Board of Directors and served on the Board of the Association of the British Pharmaceutical Industry. Ms. Sequeira is currently a member of the Board of Directors of Edwards Life Sciences. She received a Bachelor of Science with honors in molecular genetics and molecular biology from the University of Toronto and an MBA from McMaster University in Canada.
About Organon
Organon is an independent global healthcare company with a mission to help improve the health of women throughout their lives. Organon’s diverse portfolio offers over 70 medicines and products in women’s health, biosimilars, and a large franchise of established medicines across a range of therapeutic areas. In addition to Organon’s current products, the company invests in innovative solutions and research to drive future growth opportunities in women’s health and biosimilars. Organon is also pursuing opportunities to collaborate with biopharmaceutical partners and innovators who look to commercialize their products by leveraging Organon’s scale and agile presence in fast growing international markets.
Organon has geographic scope with significant reach, world-class commercial capabilities, and approximately 10,000 employees with headquarters located in Jersey City, New Jersey.
For more information, visit https://www.organon.com/ and connect with us on LinkedIn, Instagram, X (formerly known as Twitter) and Facebook.
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