secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001193125-22-063008
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFO Joel Lebowitz retires; enters transition and consulting agreements effective Feb 28, 2022
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- Joel Lebowitz retired as CFO and Treasurer effective February 28, 2022.
- Receives salary continuation for 9 months post-separation and COBRA premium payments for up to 18 months.
- Consulting agreement: $3,500/month for up to 10 hours of services, $350/hour for additional hours.
- Stock options continue vesting during the consulting period; exercise period extended to 9 months after termination.
- Non-compete obligation under employment agreement extended for 9 months following separation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000119312522063008/0001193125-22-063008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000119312522063008/d215428d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-063008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer