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Get filing alertsSchrodinger replaces Chief Accounting Officer, promotes internal controller to role
Filed March 12, 2026 · Period ending March 6, 2026 · ~1 min read
Key Changes
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Jenny Herman departed as Chief Accounting Officer on March 6, 2026, with no explanation provided beyond thanking her for service. She remains employed through April 10 for transition.
Item 5.02 verify on EDGAR → -
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Therese Abrams, 42, promoted from VP Corporate Controller to principal accounting officer effective March 8. She's been with Schrodinger since 2013 in various finance roles.
Item 5.02 verify on EDGAR → -
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Abrams is a CPA with prior experience at KPMG, EVRAZ North America, and Jive Software before joining Schrodinger 13 years ago.
Item 5.02 verify on EDGAR →
Summary
Schrodinger disclosed a leadership change in its accounting function, with Chief Accounting Officer Jenny Herman departing March 6 and being replaced by internal promotion Therese Abrams two days later. The filing provides no explanation for Herman's departure beyond standard thank-you language, which may raise questions about whether this was planned succession or an unexpected exit.
For retail investors, accounting officer changes warrant attention because this role oversees financial reporting accuracy and internal controls. However, the promotion of a 13-year company veteran with deep institutional knowledge and CPA credentials suggests continuity rather than disruption.
Abrams has been VP Corporate Controller since July 2025, meaning she was already deeply involved in the company's financial operations. Watch for any amendments or restatements to prior financial reports in coming quarters, which could signal issues that precipitated the change. Also monitor whether the company fills the Chief Accounting Officer title separately or consolidates responsibilities under Abrams.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 8, 2026 (the “Effective Date”), the Board of Directors of Schrödinger, Inc. (the “Company”) designated Therese Abrams, the Company’s Vice President, Corporate Controller, as the Company’s principal accounting officer effective immediately.
The company appointed Therese Abrams, age 42, as principal accounting officer effective March 8, 2026. Ms. Abrams has been with the company since 2013 in various finance roles, most recently as Vice President, Corporate Controller since July 2025. She is a certified public accountant with prior experience at KPMG, EVRAZ North America, and Jive Software.
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Added in current filing · verify on EDGAR →
Ms. Abrams has entered into the Company’s standard form of indemnification agreement, a copy of which was filed as Exhibit 10.21 to the Company’s Registration Statement on Form S-1 (File No. 333-235890) filed with the Securities and Exchange Commission on January 10, 2020, which became effective upon the Effective Date. Pursuant to the terms of the indemnification agreement, the Company may be required, among other things, to indemnify Ms. Abrams for certain expenses, including attorneys’ fees, judgments, fines and settlement amounts incurred by her in any action or proceeding arising out of her service as an officer of the Company.
Therese Abrams entered into the company's standard indemnification agreement effective March 8, 2026. Under this agreement, the company may be required to indemnify her for expenses including attorneys' fees, judgments, fines, and settlement amounts arising from her service as an officer.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify