On March 27, 2024, James L. Tyree, Chairman of the Compensation Committee of the Board of Directors of Assertio Holdings, Inc., informed the Board at an informal meeting that he declined to stand for reelection at the 2024 Annual Meeting of Stockholders. The Company believes that Mr. Tyree's decision was due to (1) his disagreement relating to a potential waiver of the application of the mandatory Board retirement policy for 2024 with respect to Peter D. Staple, current Board Chair, and (2) his disagreement with Board members declining to take action on Mr. Tyree's suggestion to increase the retirement age from 72 to 75.