Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Maroun S. Mourad, President, Intellectual Property of Clarivate Plc (the “Company”) will depart from his position, effective
June 9, 2026. Following such date, Mr. Mourad will remain employed by the Company in a non-executive advisory role until
September 30, 2026.
In connection with the transition of his role, on June 6, 2026, the Company entered into a separation agreement with
Mr. Mourad. Pursuant to the terms of the separation agreement, in exchange for his execution and non-revocation of a release
of claims and continued compliance with the terms of his agreement (including his restrictive covenants), Mr. Mourad will
receive (i) a cash payments equal to $450,000 representing a pro-rated target annual bonus for 2026, (ii) a lump sum payment
representing reimbursement for the average monthly cost of COBRA for 18 months, and (iii) if applicable, a tax equalization
payment to account for days of work in the United Kingdom.
Pursuant to the terms of his existing arrangements, Mr. Mourad is subject to certain restrictive covenants, including 12-month
post-termination non-compete and non-solicit obligations, a perpetual confidentiality obligation, a non-disparagement covenant
and intellectual property assignment provisions.
The foregoing description of the separation agreement with Mr. Mourad contained herein does not purport to be complete and is
qualified in its entirety by reference to the complete text of his agreement, a copy of which will be filed as an exhibit to the
Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
Item 7.01 Regulation FD Disclosure.
On June 8, 2026, the Company announced that Simon Webster will assume the role of President, Intellectual Property, effective
as of June 10, 2026.
The Company’s press release dated June 8, 2026 announcing the appointment of Simon Webster is attached hereto as Exhibit
99.1.
The information in this Item 7.01, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| |
| |
| |
| Cover page of this Current Report on Form 8-K formatted in Inline XBRL. |
Tweet
Share
E-mail