Simon Webster to lead Clarivate (NYSE: CLVT) Intellectual Property segment

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Clarivate Plc announced a leadership transition in its Intellectual Property segment. Maroun S. Mourad will step down as President, Intellectual Property effective June 9, 2026, and remain in a non-executive advisory role until September 30, 2026, to support a smooth handover.

Under a separation agreement, Mr. Mourad will receive a cash payment of $450,000 as a pro-rated target annual bonus for 2026, a lump-sum COBRA reimbursement equal to 18 months of average monthly cost, and any applicable tax equalization payment, in exchange for a release of claims and continued adherence to restrictive covenants. Clarivate appointed Simon Webster, former CEO of CPA Global, as President of the Intellectual Property segment effective June 10, 2026, and reaffirmed its full-year 2026 outlook mentioned in its first-quarter 2026 results.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

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

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Separation bonus: $450,000 cash COBRA reimbursement period: 18 months Vistra–Tricor merger value: $6.5 billion +3 more

6 metrics

Separation bonus $450,000 cash Pro-rated target annual bonus for 2026 for Maroun S. Mourad

COBRA reimbursement period 18 months Lump-sum payment equal to average monthly COBRA cost

Vistra–Tricor merger value $6.5 billion Merger led by Simon Webster as Group CEO of Vistra

Non-compete duration 12 months Post-termination non-compete and non-solicit obligations for Mourad

Advisory role end date September 30, 2026 End of Mourad’s non-executive advisory role at Clarivate

Webster effective date June 10, 2026 Start date as President of Intellectual Property segment

Key Terms

separation agreement, restrictive covenants, non-compete, forward-looking statements, +2 more

6 terms

separation agreement financial

"on June 6, 2026, the Company entered into a separation agreement with Mr. Mourad."

A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.

restrictive covenants financial

"Mr. Mourad is subject to certain restrictive covenants, including 12-month post-termination non-compete..."

Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.

non-compete financial

"including 12-month post-termination non-compete and non-solicit obligations..."

A non-compete is a contract clause that prevents an employee, executive, or seller from working for or starting a rival business for a set time and area after leaving a company. It matters to investors because it protects the value of intellectual property, customer relationships and key personnel—like putting a temporary fence around a company’s customers and know‑how—while also creating legal and operational constraints that can affect talent mobility and deal attractiveness.

forward-looking statements regulatory

"This release includes statements that express our opinions... and therefore are, or may be deemed to be, “forward-looking statements”..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Value Creation Plan financial

"As we advance our Value Creation Plan, we are focused on building upon IP’s market-leading position..."

Intellectual Property segment financial

"appointed President of the Company’s Intellectual Property (“IP”) segment effective June 10, 2026..."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Understanding 8-K Material Events →

06/08/2026 - 05:07 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported):

June 5, 2026

CLARIVATE PLC

(Exact name of registrant as specified in its charter)


Jersey, Channel Islands
(State or other jurisdiction of incorporation or organization)

001-38911
(Commission File Number)

N/A
(I.R.S. Employer Identification No.)

70 St. Mary Axe
London	EC3A 8BE
United Kingdom
(Address of Principal Executive Offices)

(44) 207-433-4000

Registrant's telephone number, including area code

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Ordinary Shares, no par value	CLVT	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933

(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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.


No.	Description
99.1	Press release issued by Clarivate Plc dated June 8, 2026.
104	Cover page of this Current Report on Form 8-K formatted in Inline XBRL.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on

its behalf by the undersigned hereunto duly authorized.


	CLARIVATE PLC

Date: June 8, 2026	By: /s/ John Doulamis
	Name: John Doulamis
	Title: Senior Vice President, General Counsel

EXHIBIT 99.1

Clarivate Announces Simon Webster as President of Intellectual Property Segment

Former CEO of CPA Global Brings Over Two Decades of Proven Leadership and

Deep Expertise in the Global Intellectual Property Ecosystem

London, U.K. June 8, 2026: Clarivate Plc (NYSE: CLVT) (“Clarivate” or the “Company”), a leading global provider of transformative intelligence, today announced that Simon Webster has been appointed President of the Company’s Intellectual Property (“IP”) segment effective June 10, 2026, succeeding Maroun S. Mourad, who will be pursuing other opportunities. Mr. Mourad will ensure a smooth transition and depart from Clarivate at the end of September.

Matti Shem Tov, Chief Executive Officer of Clarivate, said: “Simon is a highly respected leader with a strong track record of building and scaling software, technology-enabled services and information services organizations. Having previously led CPA Global before its combination with Clarivate, Simon knows our IP segment and market opportunities exceptionally well. Moreover, his operating discipline and deep insights into customers’ evolving needs make him the ideal leader to usher Clarivate’s IP segment into its next phase of growth. As we advance our Value Creation Plan, we are focused on building upon IP’s market-leading position and returning to sustainable, recurring growth through AI-enhanced intelligence, improved sales execution and a disciplined focus."

Mr. Shem Tov continued: “On behalf of Clarivate, I thank Maroun for his leadership and contributions to the IP segment, including advancing the business during an important period of strategic, financial, and operational progress. We wish him continued success.”

“I am excited to join Clarivate and lead the IP segment at a pivotal time for the Company and the industry,” said Mr. Webster. “Clarivate’s unmatched combination of trusted data, software, workflow solutions and deep expertise positions the Company to deliver meaningful value across the innovation lifecycle. I look forward to partnering with Matti, the executive leadership team and all my IP colleagues to drive efficiencies and fully unlock the innovative value of our critical assets, delivering stronger outcomes for Clarivate’s customers and other stakeholders.”

The Company today also reaffirmed its full-year outlook for 2026 that it provided in its financial results press release for the first quarter 2026, dated April 29, 2026.

About Simon Webster

Mr. Webster is a proven executive with more than two decades of experience helping global businesses scale, innovate and deliver greater value to customers. He most recently served as Group CEO of Vistra, a corporate and fund solutions company based in Singapore, from 2022 to 2025, leading the company through a $6.5 billion merger with Tricor. Prior to Vistra, Mr. Webster held a number of senior roles at CPA Global, a global leader in IP software and technology-enabled services, since 2000, most recently serving as CEO from 2015 to 2021. During his tenure at CPA Global, he helped build the company into one of the industry’s leading IP platforms, before its sale to Clarivate in 2020. Earlier in his career, Mr. Webster held roles of increasing responsibility across the U.K. financial services sector. He is a Chartered Management Accountant, having been elected a Fellow of the Chartered Institute of Management Accountants in 2005.

About IP

The Clarivate Intellectual Property segment provides trusted IP data, software, and expertise to help companies drive innovation, law firms achieve practice excellence, and organizations worldwide effectively manage and protect critical IP assets. Clarivate offers a diverse portfolio of adaptable solutions for every stage of the IP lifecycle, covering IP management software, patent services, patent intelligence, brand IP solutions, and litigation intelligence.

Forward-Looking Statements

This release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions, or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of the “safe harbor provisions” of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include all matters that are not historical facts, including statements relating to our intentions, beliefs, or current expectations concerning, among other things, strategic transactions we may explore, anticipated cost savings, results of operations, financial condition, liquidity, capital allocation plans and share repurchases, foreign exchange impacts, prospects, growth, strategies, and the markets in which we operate, our financial guidance for the fiscal year 2026 and key drivers thereof and underlying assumptions, the impact or anticipated benefits of our Value Creation Plan and other growth strategies, the global macroeconomic uncertainty and volatility, the impact of artificial intelligence (“AI”) on our business and strategy, and the timing of any of the foregoing. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” or “should” or, in each case, their negative or other variations or comparable terminology. Such forward-looking statements are based on available current market material and management’s expectations, beliefs, and forecasts concerning future events impacting us. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in Item 1A. Risk Factors in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). There can be no assurance that future developments affecting us will be those that we have anticipated. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Please consult our public filings with the SEC, which are also available on our website at www.clarivate.com.

About Clarivate

Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.

Media Contact:

Amy Bourke-Waite, Senior Director, Communications & Brand

newsroom@clarivate.com

Investor Relations Contact:

Mark Donohue, Vice President, Investor Relations

investor.relations@clarivate.com

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did Clarivate (CLVT) announce in its Intellectual Property segment?

Clarivate is transitioning leadership of its Intellectual Property segment. Maroun S. Mourad will step down as President on June 9, 2026, and remain an advisor until September 30, 2026. Simon Webster has been appointed President effective June 10, 2026, succeeding Mr. Mourad.

What separation benefits will Maroun S. Mourad receive from Clarivate (CLVT)?

Under his separation agreement, Maroun S. Mourad will receive a $450,000 cash payment as a pro-rated 2026 target annual bonus, a lump-sum reimbursement equal to 18 months of average COBRA cost, and any applicable tax equalization payment, subject to a release of claims and ongoing restrictive covenants.

Who is Simon Webster, the new President of Clarivate (CLVT) Intellectual Property segment?

Simon Webster is a seasoned executive with more than two decades of experience. He previously served as Group CEO of Vistra, leading a $6.5 billion merger with Tricor, and earlier held senior roles at CPA Global, including CEO, helping build it into a leading IP platform.

When will Simon Webster assume his new role at Clarivate (CLVT)?

Simon Webster will assume the role of President of Clarivate’s Intellectual Property segment on June 10, 2026. He succeeds Maroun S. Mourad, who will continue in a non-executive advisory capacity until September 30, 2026, to help ensure an orderly leadership transition within the segment.

Did Clarivate (CLVT) change its financial outlook in this announcement?

Clarivate reaffirmed its full-year 2026 outlook that was previously provided in its first-quarter 2026 financial results press release dated April 29, 2026. The company restated its confidence in those existing targets while announcing the leadership change in its Intellectual Property segment.

What restrictive covenants apply to Maroun S. Mourad after leaving Clarivate (CLVT)?

Maroun S. Mourad remains subject to existing 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, which continue to apply following his departure from his executive position at Clarivate.

Filing Exhibits & Attachments

4 documents

Press Releases

EX-99.1 EX-99.1 11.6 KB