secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001104659-25-003746
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent Communications extends CEO Schaeffer's contract to 2027; new cash and equity comp
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- CEO David Schaeffer's employment term extended to December 31, 2027 via Amendment No. 10.
- Annual cash incentive target $500,000, max $667,500, based on AWR CAGR and GP CAGR; zero if negative CAGR.
- 84,000 time-vesting and 96,000 performance-vesting restricted shares granted annually in 2025, 2026, 2027.
- Performance-vesting shares tied to EBITDA CAGR and FCF CAGR over three-year periods; zero vesting if CAGR non-positive.
- Customary annual restricted stock grants also awarded to other NEOs (Weed, Chang, Bubeck, Kilmer) on Jan 9, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465925003746/0001104659-25-003746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465925003746/tm252845d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-003746

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