false
0001764046
00-0000000
0001764046
2025-07-24
2025-07-24
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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
July 30, 2025 (July 24, 2025)
Date of Report (date of earliest event reported)
CLARIVATE PLC
(Exact name of registrant as specified in
its charter)
Jersey, Channel Islands
(State or other jurisdiction of incorporation or organization)
001-38911
(Commission
File Number)
N/A
(I.R.S.
Employer Identification No.)
70 St. Mary Axe
London
EC3A
8BE
United
Kingdom
(Address of Principal Executive Offices)
(44)
207-433-4000
Registrant’s
telephone number, including area code
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 (see
General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-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 class |
Trading Symbol(s) |
Name of each exchange on which registered |
Ordinary Shares |
CLVT |
New York Stock Exchange |
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 ¨
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. ¨
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Gordon Samson as President, Intellectual
Property
Gordon Samson, President, Intellectual Property
of Clarivate Plc (the “Company”) will depart from his position, effective September 7, 2025. Following such date, Mr. Samson
will remain employed by the Company in a non-executive role until December 31, 2025.
In connection with the transition of his role,
on July 25, 2025, the Company entered into a compromise agreement with Mr. Samson. Pursuant to the
terms of the compromise agreement, in exchange for his execution and non-revocation of a release of claims and continued compliance with
the terms of his agreement (including his restrictive covenants), in connection with his termination of employment Mr. Samson will receive
(i) lump-sum cash payments equal to £1,458,552, (ii) accelerated vesting of any unvested RSUs that would have vested within 18 months
of his separation and (iii) if applicable, a tax equalization payment to account for days of work in the United Kingdom.
Pursuant to the terms of his existing arrangements,
Mr. Samson is subject to certain restrictive covenants, including 12-month post-termination non-compete and non-solicit obligations, a
perpetual confidentiality obligation, a non-disparagement covenant and intellectual property assignment provisions.
The foregoing description of the compromise agreement
with Mr. Samson contained herein does not purport to be complete and is qualified in its entirety by reference to the complete text of
his agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended
September 30, 2025.
Departure of Valeria Alberola from the Board
On July 28, 2025, Valeria Alberola notified the
Company of her intention to resign from the Board of Directors of the Company, effective as of December 31, 2025. Ms. Alberola confirmed
that her decision to resign is due to a change in her primary employment and not as a result of any disagreement between her and the Company,
its management, the Board of Directors, or any committee thereof.
Item 7.01 Regulation
FD Disclosure
On July 30, 2025, the
Company announced that Maroun S. Mourad will assume the role of President, Intellectual Property, effective as of September 8, 2025.
The Company’s press
release dated July 30, 2025 announcing the appointment of Maroun S. Mourad is attached hereto as Exhibit 99.1.
The information in this
Item 7.01, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document pursuant
to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01. Financial
Statements and Exhibits
(d) Exhibits
No. |
|
Description |
99.1 |
|
Press release issued by Clarivate Plc dated July 30, 2025. |
104 |
|
Cover page of this Current Report on Form 8-K formatted in Inline XBRL. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
|
CLARIVATE PLC |
|
|
|
Date: July 30, 2025 |
By: |
/s/ John Doulamis |
|
Name: |
John Doulamis |
|
Title: |
Senior Vice President, General Counsel |