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Severance package for ex-commercial chief at Schrödinger (NASDAQ: SDGR)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Schrödinger, Inc. outlined the final separation terms for former Chief Commercial Officer and Global Head of Software Sales and Marketing Mannix Aklian through a transition, separation and release of claims agreement. The deal largely matches benefits previously described in his employment agreement and the company’s executive severance plan.

Mr. Aklian will receive nine months of base-salary continuation and up to 12 months of company-paid COBRA health and dental premiums. He is also entitled to cash bonuses for the first quarter of 2026, prorated bonuses for the second quarter and 2026 annual period, totaling $88,096 before taxes, plus accelerated vesting of the portion of his July 2026 restricted stock unit tranche. These benefits depend on him not revoking the agreement during a seven-day revocation period and complying with ongoing confidentiality, non-solicitation and related obligations.

Positive

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Negative

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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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Bonus total $88,096 gross Aggregate of Q1, prorated Q2, and prorated 2026 annual bonuses
Salary continuation 9 months base salary Salary continuation after separation, subject to taxes and withholdings
COBRA premium support 12 months Company-paid portion of COBRA health and dental premiums after separation
Revocation period 7 days Time after signing during which the Separation Agreement may be revoked
Agreement date June 5, 2026 Date the transition, separation and release of claims agreement was executed
Separation Agreement financial
"the Company entered into a transition, separation and release of claims agreement (the “Separation Agreement”) with Mr. Aklian"
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.
COBRA premiums financial
"payment on Mr. Aklian’s behalf of the portion of his COBRA premiums equal to the premiums that the Company pays"
Revocation Period regulatory
"the day immediately following the Revocation Period (as defined below), and continuing for nine months thereafter"
restricted stock unit award financial
"acceleration of vesting of the portion of the restricted stock unit award granted to Mr. Aklian"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
mutual release of claims regulatory
"The Separation Agreement also provides for, among other things, a mutual release of claims by Mr. Aklian and the Company"
non-solicitation regulatory
"provides that the confidentiality, inventions and non-solicitation provisions of the Employment Agreement remain in effect"
A non-solicitation clause is a contractual promise that one party will not actively try to lure away another party’s employees, customers, or suppliers. For investors, it signals protection of a company’s workforce and client base after a deal or partnership—reducing the risk that key staff or revenue sources will be poached and therefore helping preserve the business’s value, predictability, and post-transaction earnings. Think of it as an agreement not to knock on a neighbor’s door to take their business or team.
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Understanding 8-K Material Events →
1540 Broadway24th FloorNew YorkNYFALSE000149097800014909782026-06-052026-06-05

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
________________________________________
Schrodinger, Inc.
(Exact name of Registrant as Specified in Its Charter)
________________________________________
Delaware001-3920695-4284541
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
(Commission File Number)
1540 Broadway, 24th Floor
New York, NY
10036
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (212) 295-5800
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-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 classTrading
Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.01 per shareSDGRThe Nasdaq Stock Market LLC
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 o
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. o

Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 5, 2026, following the previously disclosed separation of Mannix Aklian as Chief Commercial Officer, Global Head of Software Sales and Marketing of Schrödinger, Inc. (the “Company”), the Company entered into a transition, separation and release of claims agreement (the “Separation Agreement”) with Mr. Aklian, which confirms the terms of his separation from the Company.
Pursuant to the Separation Agreement, Mr. Aklian is entitled to receive certain payments and benefits in connection with his separation that are substantially comparable to the previously-disclosed benefits he would have received pursuant to the terms of the employment agreement, dated as of May 9, 2025 (the “Employment Agreement”) by and between the Company and Mr. Aklian and the Company’s Amended and Restated Executive Severance and Change in Control Benefits Plan, as amended, including: (i) salary continuation payments of his monthly base salary, commencing on the first payroll period occurring on or after the day immediately following the Revocation Period (as defined below), and continuing for nine months thereafter, less all applicable taxes and withholdings; and (ii) payment on Mr. Aklian’s behalf of the portion of his COBRA premiums equal to the premiums that the Company pays on behalf of other active, similarly-situated employees for group health and/or dental insurance coverage, if Mr. Aklian timely elects to receive such coverage, for 12 months following Mr. Aklian’s separation from the Company. In addition, Mr. Aklian is entitled to receive the following additional payments and benefits pursuant to the terms of the Separation Agreement: (i) in the event Mr. Aklian is enrolled in group health and/or dental plans of a new employer prior to the completion of the aforementioned 12-month COBRA period, a lump sum cash payment equal to the balance of the premiums that would have been payable by the Company had the coverage continued for the full 12-month period, less all applicable taxes and withholdings; (ii) payment of a quarterly bonus representing the first quarter of calendar year 2026 worked by Mr. Aklian, less all applicable taxes and withholdings; (iii) a prorated quarterly bonus payment representing the portion of the second quarter of calendar year 2026 worked by Mr. Aklian, less all applicable taxes and withholdings; (iv) a prorated annual bonus payment representing the portion of calendar year 2026 worked by Mr. Aklian, less all applicable taxes and withholdings (the gross amount under prongs (ii) through (iv) of this sentence being equal to $88,096); and (v) acceleration of vesting of the portion of the restricted stock unit award granted to Mr. Aklian in connection with the commencement of his employment that was scheduled to vest in July 2026. Mr. Aklian’s receipt of the payments and benefits discussed above are conditioned on Mr. Aklian not revoking the Separation Agreement during the seven-day period following his signing of the Separation Agreement (such seven-day period, the “Revocation Period”) and his compliance with the obligations under the Separation Agreement and his continuing obligations under the Employment Agreement.
The Separation Agreement also provides for, among other things, a mutual release of claims by Mr. Aklian and the Company, non-disclosure and non-disparagement obligations of Mr. Aklian and the Company, and provides that the confidentiality, inventions and non-solicitation provisions of the Employment Agreement remain in effect in accordance with their terms.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated by reference herein.

Item 9.01.     Financial Statements and Exhibits.
(d) Exhibits:



Exhibit
Number
Description
10.1
Transition, Separation and Release of Claims Agreement, dated as of June 5, 2026, by and between Schrödinger, Inc. and Mannix Aklian.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Schrödinger, Inc.
Date: June 8, 2026By:/s/ Yvonne Tran
Yvonne Tran
Chief Legal Officer and Corporate Secretary








Source: View Original Filing on SEC EDGAR

FAQ

What did Schrödinger (SDGR) disclose about Mannix Aklian’s separation?

Schrödinger detailed a separation agreement for former executive Mannix Aklian. It confirms severance terms, including salary continuation, COBRA premium support, bonus payments tied to 2026 service, and accelerated vesting of part of a restricted stock unit award, all subject to standard release and compliance conditions.

What severance pay will Mannix Aklian receive from Schrödinger (SDGR)?

Mannix Aklian will receive salary continuation for nine months after his separation. Payments begin on the first payroll after the revocation period ends and are subject to applicable taxes and withholdings, reflecting terms substantially comparable to those previously described in his employment agreement and the severance plan.

How are health benefits handled in the Schrödinger (SDGR) separation agreement?

Schrödinger will pay the employer portion of Mannix Aklian’s COBRA premiums for up to 12 months. If he joins a new employer’s health or dental plans earlier, he instead receives a lump-sum cash payment equal to the remaining premiums, reduced for applicable taxes and withholdings.

What bonus payments are included in the SDGR separation agreement with Mannix Aklian?

The agreement provides a first-quarter 2026 bonus, prorated second-quarter 2026 bonus, and a prorated 2026 annual bonus. Together, these bonus amounts total a gross $88,096, subject to taxes and withholdings, and are tied to the portion of 2026 he worked before separation.

Does the Schrödinger (SDGR) separation agreement affect Mannix Aklian’s equity awards?

Yes. The agreement accelerates vesting of the portion of his restricted stock unit award that was scheduled to vest in July 2026. Other provisions, including confidentiality, inventions, and non-solicitation obligations from his employment agreement, remain in effect under the continued terms.

What conditions must be met for Mannix Aklian to receive benefits from Schrödinger (SDGR)?

His benefits depend on not revoking the separation agreement during a seven-day revocation period. He must also comply with obligations under the separation agreement and continue honoring confidentiality, inventions, non-solicitation, non-disclosure, and non-disparagement commitments described in his prior employment-related documents.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

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