GoodRx Interim CEO Extends Commitment to Company

Rhea-AI Summary

GoodRx Holdings, Inc. announces board resignations with Interim CEO Scott Wagner extending commitment. Directors Stephen LeSieur and Adam Karol resign effective March 14 and March 22, 2024. Company expresses gratitude for their contributions and looks forward to continued growth.

Company Announces Board Resignations

SANTA MONICA, Calif.--(BUSINESS WIRE)-- GoodRx Holdings, Inc. (Nasdaq: GDRX), the leading destination for prescription savings in the U.S., today announced Interim CEO Scott Wagner has extended his commitment to the Company. In addition, Stephen LeSieur and Adam Karol have notified GoodRx of their decision to resign from the Company’s Board of Directors, effective March 14, 2024 and March 22, 2024, respectively.

“I’m encouraged by the progress the team is making and happy to see the hard work start showing up in the results,” said Scott Wagner, Interim CEO of GoodRx. “There’s more work to be done, but I’m confident our priorities are the right ones to deliver growth.”

“On behalf of GoodRx, I want to thank both Mr. LeSieur and Mr. Karol for the roles they have played in GoodRx’s evolution since joining the Board in 2015 and 2018, respectively. Given, among other things, each of their long tenures on the Board, and, with respect to Mr. LeSieur, our repurchase of a portion of Spectrum’s shares, we understand it’s an optimal time for them to transition,” said Trevor Bezdek, co-founder and Chairman of the Board of GoodRx. “We look forward to continuing to work with the Silver Lake team, including with Greg Mondre, Co-Chief Executive Officer of Silver Lake, who will remain on our Board.”

About GoodRx

GoodRx is the leading destination for prescription savings in the U.S. We offer consumers free access to transparent and lower prices for generic and brand medications, as well as comprehensive healthcare research and information. We also equip healthcare professionals with efficient ways to find and prescribe affordable medications. Since 2011, GoodRx has helped consumers save nearly $70 billion and is one of the most downloaded medical apps over the past decade.

GoodRx periodically posts information that may be important to investors on its investor relations website at https://investors.goodrx.com. We intend to use our website as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors and potential investors are encouraged to consult GoodRx’s website regularly for important information, in addition to following GoodRx’s press releases, filings with the Securities and Exchange Commission (the “SEC”) and public conference calls and webcasts. The information contained on, or that may be accessed through, GoodRx’s website is not incorporated by reference into, and is not a part of, this press release.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our Interim Chief Executive Officer’s employment with GoodRx, future results of operations and financial position, our plans, market opportunity and growth, our priorities and objectives for future operations, and the future membership and composition of our Board of Directors. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, and our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240314523291/en/

Investor Contact

GoodRx

Whitney Notaro

wnotaro@goodrx.com

Media Contact

GoodRx

Lauren Casparis

lcasparis@goodrx.com

Source: GoodRx Holdings, Inc.

FAQ

When did Interim CEO Scott Wagner extend his commitment to GoodRx?

Interim CEO Scott Wagner extended his commitment to GoodRx in the recent announcement.

When will Directors Stephen LeSieur and Adam Karol resign from GoodRx's Board of Directors?

Directors Stephen LeSieur and Adam Karol will resign from GoodRx's Board of Directors effective March 14 and March 22, 2024, respectively.

Who expressed confidence in the company's priorities to deliver growth?

Interim CEO Scott Wagner expressed confidence in the company's priorities to deliver growth.

Who thanked Directors LeSieur and Karol for their roles in GoodRx's evolution?

Trevor Bezdek, co-founder and Chairman of the Board of GoodRx, thanked Directors LeSieur and Karol for their roles in the company's evolution.

Who will remain on GoodRx's Board from the Silver Lake team?

Greg Mondre, Co-Chief Executive Officer of Silver Lake, will remain on GoodRx's Board.