Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On May 16, 2023, John Kozlowski will be leaving Lannett Company, Inc. (the "Company") to pursue other opportunities. In consideration of the extended notice period, his 15 years loyal service and customary releases, he will be separated without cause from his position as Vice President of Finance, Chief Financial Officer and Principal Accounting Officer.

In connection with his departure, on April 14, 2023, the Company entered into a separation agreement and general release (the "Separation Agreement") with Mr. Kozlowski. Under the terms of the Separation Agreement, which include customary confidentiality and non-disparagement provisions, Mr. Kozlowski will receive a severance payment of $696,795 and certain other separation benefits.

The company has in place succession plans for all its key employees and is currently reviewing succession planning alternatives to address the chief financial officer role after Mr. Kozlowski's departure.

The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, which is included as Exhibit 10.103 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits.



 Exhibit
  Number     Description
  10.103       Separation Agreement and General Release, dated April 14, 2023, by and
             between John Kozlowski and Lannett Company, Inc.
   104       Cover Page Interactive Data File (embedded within the Inline XRBL
             document)

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