Management ChangeJun 8, 2026, 04:27 PM
Schrodinger Finalizes Separation Agreement with Former CCO Mannix Aklian
AI Summary
Schrodinger, Inc. entered into a transition, separation, and release of claims agreement with Mannix Aklian, its former Chief Commercial Officer, Global Head of Software Sales and Marketing, on June 5, 2026. This agreement confirms the terms of his separation, providing him with nine months of salary continuation payments and 12 months of COBRA premium payments. Additionally, Mr. Aklian will receive various bonus payments totaling $88,096 and an acceleration of vesting for a portion of his restricted stock unit award scheduled for July 2026.
Key Highlights
- Schrodinger finalized a separation agreement with former CCO Mannix Aklian on June 5, 2026.
- Mr. Aklian will receive nine months of monthly base salary continuation.
- The company will pay 12 months of COBRA premiums for health and/or dental insurance.
- He is entitled to a lump sum for remaining COBRA premiums if new employer coverage begins early.
- Mr. Aklian will receive quarterly and prorated annual bonus payments totaling $88,096.
- Vesting of a portion of his restricted stock unit award, scheduled for July 2026, will be accelerated.
- The agreement includes a mutual release of claims and ongoing confidentiality and non-solicitation obligations.
Price Impact
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