Alkermes expands Blair Jackson's role to President and CEO, sets pay and board seat
The board added the President title, approved compensation and equity awards, and named Jackson a director, all effective August 1, 2026.
Alkermes plc filed an amended 8-K on August 3, 2026 detailing further board actions tied to Blair C. Jackson's previously announced move to Chief Executive Officer. The company had filed a Current Report on Form 8-K on February 25, 2026, reporting that its board had appointed Blair C. Jackson, then Executive Vice President and Chief Operating Officer, to serve as CEO, effective August 1, 2026.1
On July 28, 2026, the board acted to expand Jackson's responsibilities, appointing him President in addition to CEO effective August 1, 2026 and approving his compensation for that combined role; he will step down as Chief Operating Officer.1 The same day, the board increased its size from nine to ten directors and named Jackson to the board through the 2027 annual meeting and to its Financial Operating Committee, though he will not be paid for that board service.1
On compensation, Jackson's annual base salary will rise to $900,000, with a target annual cash performance award of 100% of that base salary and a payout range of 0% to 200%.1 He will also receive a one-time promotion equity award targeted at $5,000,000, split roughly 55% performance-vesting RSUs vesting after a three-year period and 45% time-vesting stock options vesting over four years, plus a separate $3,000,000 special incentive equity award of performance-vesting options tied to stock price targets sustained over 30 trading days, contingent on two years of service.1
Jackson signed a new employment agreement with Alkermes, Inc., described as an indirect wholly-owned subsidiary of the company.1 That agreement provides severance of 1.5 times base salary plus average recent cash incentive pay over 18 months if he is terminated without cause or resigns for good reason.1 Following a change in control, termination triggers pro-rata pay plus a lump sum of two times base salary and average incentive pay.1 The company said it plans to file the full agreement with its 10-Q for the period ending September 30, 2026.1
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