secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0001564590-22-029714
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schrödinger appoints Geoffrey Porges as CFO; severance plan amended
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- Porges appointed EVP/CFO effective Aug 18, 2022; previously Vice Chairman at SVB Securities.
- Base salary $580k, sign-on bonus $230k (repayable if terminated for cause or resigns within 24 mo).
- Granted 180k stock options (25% vest year 1, then monthly over 3 yrs) and 90k performance-based RSUs.
- Jenny Herman ceases as interim CFO but remains principal accounting officer.
- Executive Severance Plan amended: 9 months salary for non-CIC termination for certain execs; CIC severance multiples increased (CFO: 0.75x to 1.0x; CEO: 1.0x to 1.5x).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000156459022029714/0001564590-22-029714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000156459022029714/sdgr-8k_20220816.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-029714

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