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
Date of report (Date of earliest event reported): January 27, 2025
(Exact name of registrant as specified in charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(703 ) 438–2000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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Securities registered pursuant to Section 12(b) of the Act:
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Emerging growth company ☐
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 15, 2025, comScore, Inc. (the "Company") disclosed that its Chief Innovation Officer, David Algranati, would be leaving the Company in early 2025. On January 27, 2025, the Company and Dr. Algranati entered into a Separation and General Release Agreement (the "Separation Agreement"), pursuant to which Dr. Algranati's employment with the Company will end on February 1, 2025 (the "Separation Date"). The Separation Agreement provides that Dr. Algranati will become entitled to certain payments and benefits that are currently provided in the Severance Agreement previously entered into between the Company and Dr. Algranati, effective as of May 28, 2019 (the "Prior Agreement"), and based on the form agreement previously filed as Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q filed on November 9, 2022. The payments and benefits to be provided to Dr. Algranati are those provided for under the Prior Agreement in connection with a termination without cause absent a change of control, with a severance period of 12 months. In addition, Dr. Algranati will be eligible to receive an annual bonus for 2024 under the Company's short-term incentive program, based on actual performance as determined by the Company's Compensation Committee and payable at the same time the Company pays short-term incentive awards, if any, to other senior executives for 2024, but no later than March 15, 2025.
Under the Separation Agreement, Dr. Algranati agreed to a comprehensive release of claims in favor of the Company and its affiliates. He also reaffirmed his commitment to be bound by restrictive covenants regarding non-disclosure of confidential information and non-competition and non-solicitation requirements.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is expected to be filed as an exhibit to the Company's Annual Report on Form 10-K for the period ended December 31, 2024, and the full text of the Prior Agreement as previously disclosed.
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SIGNATURES
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.
| comScore, Inc. | ||||||||
| By: | /s/ Mary Margaret Curry | |||||||
| Mary Margaret Curry | ||||||||
| Chief Financial Officer and Treasurer | ||||||||
Date: January 31, 2025
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