8-K
filed July 11, 2022, 7:59 PM ET
ticker CLVT
CIK 0001764046
leadership
confidence high
sentiment neutral
materiality 0.75
Clarivate CEO Jerre Stead to retire Sept 1; Jonathan Gear named CEO-elect
CLARIVATE PLC
- Jonathan Gear, former IHS Markit CFO, joins as CEO-elect on July 11 and becomes CEO on Sept 1.
- Jerre Stead will remain Non-Executive Chair after retiring as CEO on Sept 1.
- Gear's compensation: base salary $900k, target bonus 150%, initial equity grant $6.5M, sign-on RSU $3.5M.
- Gear previously led ~$2.6B revenue P&Ls at IHS Markit; holds BA from UC Berkeley and MBA from Stanford.
- Board increased from 13 to 14 members upon Gear's appointment.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Gear was appointed as Member of the Board of Directors at CLARIVATE PLC.
- Action
- will join
- Role
- Member of the Board of Directors
Exact text from the filing
On July 11, 2022, Clarivate Plc (the “Company”) announced that Jonathan Gear, age 51, will assume the role of Chief Executive Officer-Elect effective as of July 11, 2022, and will join the Board of Directors, which will be increased from 13 to 14 members.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jerre Stead departed as Chief Executive Officer at CLARIVATE PLC.
- Action
- retiring
- Role
- Chief Executive Officer
Exact text from the filing
Jerre Stead, who has served as Executive Chair and Chief Executive Officer of the Company since 2019, is retiring from his Chief Executive Officer role effective September 1, 2022 and will continue as the non-executive Chair of the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Gear changed role as Chief Executive Officer at CLARIVATE PLC.
- Action
- will become
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Gear will become the Chief Executive Officer of the Company on September 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jerre Stead changed role as Non-Executive Chair at CLARIVATE PLC.
- Action
- will continue
- Role
- Non-Executive Chair
Exact text from the filing
Jerre Stead, who has served as Executive Chair and Chief Executive Officer of the Company since 2019, is retiring from his Chief Executive Officer role effective September 1, 2022 and will continue as the non-executive Chair of the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Gear was appointed as Chief Executive Officer-Elect at CLARIVATE PLC.
- Action
- will assume
- Role
- Chief Executive Officer-Elect
Exact text from the filing
On July 11, 2022, Clarivate Plc (the “Company”) announced that Jonathan Gear, age 51, will assume the role of Chief Executive Officer-Elect effective as of July 11, 2022, and will join the Board of Directors, which will be increased from 13 to 14 members.
View on SEC.gov
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