secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001104659-24-001889
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent amends CEO contract: term to 2026, 180k shares/year, retention grants of 75k shares to officers
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- Extended CEO David Schaeffer's employment term through Dec 31, 2026.
- Annual bonus for CEO based on Annualized Wavelength Revenue, capped at $667,000.
- CEO to receive 180,000 restricted shares annually in 2024-2026; 84k time-vesting, 96k performance-vesting.
- Modified performance measures for outstanding 2020-2023 awards due to data impossibility.
- Retention awards: CFO Thaddeus Weed (30k shares), CLO John Chang (30k), CRO James Bubeck (10k), VP Henry Kilmer (5k); vest Jan 3, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924001889/0001104659-24-001889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924001889/tm242151d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-001889

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