secwatch.observer — SEC 8-K summary
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Issuer:     Coursera, Inc. (COUR)
CIK:        0001651562
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001104659-25-007213
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera appoints Greg Hart as CEO, replacing retiring CEO Jeff Maggioncalda
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- Greg Hart named President, CEO, and Class III director effective Feb 3, 2025.
- Jeff Maggioncalda retires after 7 years; revenue grew 10x and learners exceeded 100M.
- Hart's base salary $590K; target bonus 100% of base; equity awards total $38M at grant-date value.
- Equity: $16M RSUs, $16M time-based options, $6M performance-based options with 150% stock price hurdle.
- Severance: 12 months salary/bonus outside change-of-control; 18 months salary/bonus plus equity acceleration within CIC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651562/000110465925007213/0001104659-25-007213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651562/000110465925007213/tm254798d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-007213

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