secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001104659-26-054817
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent shareholders approve incentive plan; CEO Schaeffer gets 1M performance shares
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- Stockholders approved Third Amended 2017 Incentive Award Plan, increasing share pool by 1.5M shares and extending term to 2036.
- CEO Dave Schaeffer granted 1,000,000 performance-vesting restricted shares with stock price targets: 200K at $70, 300K at $85, 500K at $100.
- Vesting requires continuous service as CEO through Feb 2031; shares forfeited if targets not met by that date.
- In a change of control, vesting accelerates using CIC price; pro-rata vesting between tranches if price between $70 and $100.
- All five director nominees elected; plan approved 25.5M for, 8.6M against; EY ratified as auditor for FY2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465926054817/0001104659-26-054817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465926054817/tm2613224d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-054817

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