APEI appoints Michael Braner (325 Capital) to board, enters cooperation agreement

AMERICAN PUBLIC EDUCATION INC

Michael D. Braner, Managing Partner of 325 Capital, appointed to APEI Board effective March 28, 2023.
325 Capital owns approx. 4.9% of APEI common stock; cooperation agreement includes standstill and non-disparagement.
Braner to receive standard director compensation: $80k annual retainer plus $100k restricted stock grant.
Cooperation agreement governs board nomination at 2023 annual meeting and provides replacement director rights.
Agreement ends before 2024 annual meeting; Braner will be nominated for election at 2023 annual meeting.

item 5.02 item 7.01 item 8.01 item 9.01

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Appointed

Michael D. Braner

Director

APEI · AMERICAN PUBLIC EDUCATION INC

Effective: 2023-03-28
Filed: March 20, 2023, 7:59 PM ET

On March 20, 2023, the Board of Directors (the “Board”) of American Public Education, Inc. (the “Company”) appointed Michael D.. Braner to serve as a director of the Company for a term expiring at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) and until a successor is duly elected and qualified, effective March 28, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael D. Braner was appointed as Director at AMERICAN PUBLIC EDUCATION INC.

Action: appointed
Role: Director

Exact text from the filing

On March 20, 2023, the Board of Directors (the “Board”) of American Public Education, Inc. (the “Company”) appointed Michael D.. Braner to serve as a director of the Company for a term expiring at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) and until a successor is duly elected and qualified, effective March 28, 2023.

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Source: SEC EDGAR

accession 0001104659-23-034261

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