other material
confidence high
sentiment neutral
materiality 0.60
Stride amends CEO James Rhyu's employment agreement with $800k base salary, 150% target bonus
Stride, Inc.
- Annual base salary set at $800,000; target bonus at 150% of base.
- Severance upon termination without cause: 24 months base salary, 12 months COBRA, prorated bonus based on actual performance.
- Upon change-in-control termination: lump sum of 2x base salary plus 2x target bonus, immediate vesting of all unvested equity.
- Non-compete during severance period plus 12 months; non-solicitation of employees for 1 year post-termination.
- Agreement supersedes prior employment agreement and prior change-in-control severance agreement.