secwatch.observer — SEC 8-K summary
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Issuer:     Stride, Inc. (LRN)
CIK:        0001157408
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001104659-22-027527
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stride amends CEO James Rhyu's employment agreement with $800k base salary, 150% target bonus
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157408/000110465922027527/0001104659-22-027527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157408/000110465922027527/tm227770d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-027527

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer