---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-045898"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2022-12-16T23:59:59+00:00"
generated_at: "2026-06-21T03:11:23.209829+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational extends employment contracts for four top executives through Dec 2025

## Summary
- New employment agreements extend CEO Shaw, CFO Meyers, EVPs Buchenot and Nyce through Dec 31, 2025.
- Base salaries unchanged: Shaw $500K, Meyers $358,955, Buchenot $304,387, Nyce $300K effective Jan 1, 2023.
- Annual performance bonuses based on Board/Committee targets under Incentive Plan; other benefits substantially similar.
- Severance on involuntary termination: 2x (base salary + target bonus); non-compete for 2 years, non-solicit for 1 year.

## SEC filing metadata
- accession: 0001140361-22-045898
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2022-12-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000114036122045898/0001140361-22-045898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036122045898/brhc10045492_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-045898
- JSON: https://secwatch.observer/filing/0001140361-22-045898.json
- Plain text: https://secwatch.observer/filing/0001140361-22-045898.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.