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CPIX > SEC Filings for CPIX > Form 8-K on 30-Nov-2012All Recent SEC Filings

Show all filings for CUMBERLAND PHARMACEUTICALS INC

Form 8-K for CUMBERLAND PHARMACEUTICALS INC


30-Nov-2012

Costs Associated with Exit or Disposal Activities


Item 2.05 Costs Associated with Exit or Disposal Activities.

On November 29, 2012, Cumberland Pharmaceuticals Inc. (the "Company") implemented a realignment of its national sales organization to more efficiently cover key targets in support of its three marketed products, Caldolor, Acetadote and Kristalose in the United States. As a result of this realignment on November 29, 2012, the Company's sales personnel moved from 95 individuals to 64 individuals, maintaining approximately two thirds of its pre-realignment sales organization and consolidated its number of nationwide districts from 10 to 8. The Company does not expect to have further changes to its sales personnel as a result of the realignment. The impact on the Company's earnings will be addressed in its 2013 guidance. The Company expects to incur and pay between $0.50 million and $0.75 million in one-time separation expenses related to this realignment during the fourth quarter ending December 31, 2012.


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