APEI CFO Richard W. Sunderland Jr. to depart; search for successor underway

AMERICAN PUBLIC EDUCATION INC

CFO Richard W. Sunderland Jr. will transition out; successor search started.
He will remain employed up to 90 days after successor starts or mutually agreed date.
On separation (not for cause/without good reason), he gets severance per employment agreement and full vesting of equity awards via 'Qualified Retirement'.
Transition agreement signed June 13, 2024; includes non-disparagement and cooperation through 6 months post-separation.
Sunderland's duties may be modified during transition; resignation from other positions may be required.

item 5.02 item 9.01

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Departed

Richard W. Sunderland, Jr.

Executive Vice President, Chief Financial Officer

APEI · AMERICAN PUBLIC EDUCATION INC

Filed: June 17, 2024, 7:59 PM ET

Richard W. Sunderland, Jr., the Company’s current Executive Vice President, Chief Financial Officer, is expected to continue to serve until ninety (90) days after his successor commences employment with the Company

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard W. Sunderland, Jr. departed as Executive Vice President, Chief Financial Officer at AMERICAN PUBLIC EDUCATION INC.

Action: departing
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

Richard W. Sunderland, Jr., the Company’s current Executive Vice President, Chief Financial Officer, is expected to continue to serve until ninety (90) days after his successor commences employment with the Company

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AMERICAN PUBLIC EDUCATION INC filing history →

Source: SEC EDGAR

accession 0001104659-24-072061

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