Cogent extends CEO Schaeffer's term to 2028, sets $1M salary and $1.25M bonus target

COGENT COMMUNICATIONS HOLDINGS, INC.

CEO David Schaeffer’s employment extended through Dec 31, 2028; annual salary set at $1M, target cash bonus $1.25M based on EBITDA growth.
Annual equity grants: 229,657 time-vesting and 321,520 performance-vesting restricted shares for 2026–2028 (total ~$12M per year valued at Dec 2025 avg).
Retention awards to CFO Weed, CLO Chang, CRO Harris: 100,000 restricted shares each, vesting Jan 1, 2029.
Cash bonus formula uses year-over-year EBITDA AGR; zero or negative growth yields no bonus. Performance shares tied to three-year EBITDA CAGR.

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