Summary of ELITE PHARMACEUTICALS INC /DE/

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 23, 2009, the members of the board of directors of Elite Pharmaceuticals, Inc., a Delaware corporation (the "Registrant"), appointed Chris Dick, the Chief Operating Officer and Acting Chief Executive Officer of the Registrant, as its President. Mr. Dick will serve as the Registrant's President until his death, resignation, retirement, removal, disqualification, or his successor is duly appointed or as otherwise provided in the Registrant's bylaws. The existing employment agreement between Mr. Dick and the Registrant will continue and not be modified as a result of his appointment as President of the Registrant.

Mr. Dick has served as the Registrant's Chief Operating Officer since October 2008 and its Acting Chief Executive Officer since November 2008. From March 2006 until October 2008 Mr. Dick served as the Registrant's Executive Vice President of Corporate Development and has continued his duties as the Registrant's Executive Vice President of Corporate Development since his appointments to the offices of Chief Operating Officer and Acting Chief Executive Officer. Mr. Dick has been engaged by Registrant since November 2002 to direct its licensing and business development activities. From 1999 to 2002, Mr. Dick served as Director of Business Development for Elan Drug Delivery, Inc. responsible for licensing and business development of Elan's portfolio of drug delivery technologies. From 1997 to 1999, he was Manager of Business Development and Marketing for EnTec, a drug delivery business unit within FMC Corporation's Pharmaceutical Division. Prior thereto he held various other business and technical positions at FMC Corporation, including Manager of Marketing for its pharmaceutical functional coatings product line. Mr. Dick holds an M.B.A. from the Stern School of Business, New York University, and a B.S. and M.S. in Chemical Engineering from Cornell University.