N-able discloses CRO separation terms in 8-K/A amendment, change-in-control clause active through December 31

N-able (NABL) put the full financial terms of Frank Colletti's exit on record Friday, filing an 8-K/A amendment that details a separation package between the company's indirect subsidiary N-able Solutions ULC and the departing Chief Revenue Officer. The print carries two Canadian dollar lump sums, a base salary tail to February 2027, and a change-in-control clause with a hard December 31, 2026 cutoff. For a stock where executive turnover carries signal, that year-end window is the piece worth tracking.

The separation terms

Colletti's departure as CRO was effective July 9, 2026, but the separation agreement, dated July 21, extends his formal employment through February 28, 2027. He was released from duties on the earlier date. The structure leaves his pay running for roughly eight months after the operational exit.

Under the agreement, N-able Solutions ULC will continue Colletti's base salary and employee benefits through February 28, 2027. Two lump sums follow separately: CAN$304,500, equal to his annual target bonus, payable no later than October 31, 2026; and CAN$373,375, less applicable withholdings, payable after the February 2027 end date.

Health and dental coverage extends to January 9, 2028, or the date he starts other employment or service, whichever comes first. Colletti also remains eligible for N-able's equity compensation programs through February 28, 2027, subject to the applicable plan terms and award agreements.

The change-in-control clause

The Separation Agreement draws a specific line at December 31, 2026. Should a change in control occur on or before that date, Colletti receives applicable consideration under the terms of his original employment agreement. The provision survives his release from duties, keeping the clock active for approximately five months from the filing date.

The original Form 8-K, filed July 13, 2026, disclosed Colletti's exit but flagged that material modifications to severance might require a follow-on amendment. Friday's 8-K/A delivers on that placeholder.

What to watch

The next confirmed date on the tape is October 31, 2026, when the CAN$304,500 bonus payment falls due. The change-in-control window closes December 31. Chief Financial Officer Tim O'Brien signed the amendment on behalf of N-able, Inc., which carries NABL on the New York Stock Exchange and maintains offices at 30 Corporate Drive, Burlington, Massachusetts.