secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001104659-26-001748
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465926001748/0001104659-26-001748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465926001748/tm262269d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-001748

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