SS Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On March 9, 2018, SS&C Technologies Holdings, Inc. (“SS&C” or the “Company”) entered into a separation agreement and general release with Paul Igoe, Senior Vice President, General Counsel and Secretary of the Company (the “Separation Agreement”). The Separation Agreement provides that Mr. Igoe’s termination of employment will be effective as of July 31, 2018, and during the interim period, he will continue to receive his base salary and will continue to vest in his outstanding stock options and has agreed to release all claims against the Company that may relate to his employment. Mr. Igoe will also be entitled to receive a cash payment in the amount of $550,000 as severance and will be available to the Company as needed in a consulting capacity through the end of 2018.
About SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
SS&C Technologies Holdings, Inc. (SS&C Holdings) is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing. The Company provides its solutions across the globe to over 10,000 clients, principally within the institutional asset and wealth management, alternative investment management, financial advisory and financial institutions vertical markets. Its portfolio includes over 90 products and software-enabled services.