secwatch.observer — SEC 8-K summary
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Issuer:     LAUREATE EDUCATION, INC. (LAUR)
CIK:        0000912766
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001193125-21-318398
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Laureate eliminates dual-class stock, loses controlled company status after Wengen redemption
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- Wengen investors redeemed interests for shares; Class B fell below 15%, triggering automatic conversion of all Class A & B into single common stock class.
- Company no longer qualifies as 'controlled company' under Nasdaq rules.
- Amendment gives KKR and CPV right to nominate additional director (Ian K. Snow) while holding >=8,035,713 shares.
- All director designation rights expire December 31, 2024.
- Wengen investors assume responsibility for Peruvian taxes on share transfers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912766/000119312521318398/0001193125-21-318398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912766/000119312521318398/d229116d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-318398

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