secwatch.observer — SEC 8-K summary
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Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K/A
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0000950170-23-007659
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perdoceo Education corrects clerical error in executive bonus; details 2023 compensation
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- Corrected bonus: Kline $240,670 (was $370,260); Baskel $227,500 (was $350,000).
- Base salary increases effective March 1: Hurst $650K; Ghia $489.7K; Kline $388.8K; Baskel $386.75K; Jansen $388.5K.
- AIP targets raised: Hurst from 85% to 100% of salary; Ghia from 80% to 90%.
- Retention awards: Kline $240,670 and Baskel $227,500 in two installments; Jansen $60,000.
- 2023 AIP switches performance measure from adjusted EBITDA to adjusted operating income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000095017023007659/0000950170-23-007659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000095017023007659/prdo-20230307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-007659

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