N‑able, Inc. Officer Frank Colletti Departs; Separation Agreement Filed

What Happened
N‑able, Inc. (via its indirect subsidiary N‑able Solutions ULC) filed an 8‑K on July 24, 2026 disclosing a Separation Agreement with officer Frank Colletti dated July 21, 2026. Colletti was released from his duties effective July 9, 2026 but will remain employed through February 28, 2027 (the Deferred End Date). The Separation Agreement is filed as Exhibit 10.1.

Key Details

• Continued base salary and employee benefits through the Deferred End Date (Feb 28, 2027).
• Lump sum payments: CAN$373,375 (less withholdings) payable after the Deferred End Date, and CAN$304,500 (annual target bonus) payable no later than Oct 31, 2026.
• Continued health and dental benefits until the earlier of Jan 9, 2028 or the date Colletti starts other employment/service.
• Remains eligible to participate in N‑able’s equity compensation programs through Feb 28, 2027; a change‑in‑control occurring on or before Dec 31, 2026 would trigger any applicable consideration under his employment agreement.
• Separation benefits replace benefits under his employment agreement and are conditioned on Colletti executing a customary release of claims.

Why It Matters
This 8‑K notifies investors of a senior officer’s departure and the company’s contractual cash and benefit obligations, including two defined lump‑sum amounts and ongoing salary/benefits through Feb 28, 2027. These items can affect near‑term cash outflows and compensation expense (including potential equity dilution if awards vest or are paid). Investors tracking management changes, governance, or near‑term cash commitments should note the payment timing (by Oct 31, 2026 and after Feb 28, 2027) and the change‑in‑control clause through Dec 31, 2026.