8-K filed January 20, 2022, 6:59 PM ET ticker PRDO CIK 0001046568

leadership confidence high sentiment neutral materiality 0.70

Perdoceo appoints Andrew Hurst as CEO; Todd Nelson becomes Executive Chairman

PERDOCEO EDUCATION Corp

Andrew Hurst appointed President & CEO, effective Jan 20, 2022; also joins Board.
Todd Nelson transitions to Executive Chairman on full-time basis; Thomas Lally becomes Lead Director.
Elise Baskel named Senior VP – Colorado Technical University, succeeding Hurst.
Nelson's new compensation: base $700k, annual incentive target 125% of base, LTI target 300%.
Hurst's compensation: base $550k, annual incentive target 85% of base, LTI target 200%.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Andrew Hurst

President and Chief Executive Officer

PRDO · PERDOCEO EDUCATION Corp

Effective: 2022-01-20
Filed: January 20, 2022, 6:59 PM ET

On the same date, the Company announced that Andrew Hurst, age 59, who is currently serving the Company as Senior Vice President – Colorado Technical University, has been appointed by the Board to serve as the Company’s President and Chief Executive Officer, effective as of the Transition Date.

Appointed

Thomas Lally

Lead Director

PRDO · PERDOCEO EDUCATION Corp

Effective: 2022-01-20
Filed: January 20, 2022, 6:59 PM ET

Further, on the Transition Date, the Company announced that Thomas Lally, formerly the Company’s Chairman of the Board, has been appointed by the Board to serve as the Lead Director.

Role change

Todd Nelson

Executive Chairman of the Board of Directors

PRDO · PERDOCEO EDUCATION Corp

Effective: 2022-01-20
Successor: Andrew Hurst
Filed: January 20, 2022, 6:59 PM ET

On January 20, 2022, Perdoceo Education Corporation (the “ Company ”) announced that, effective January 20, 2022 (the “ Transition Date ”), Todd Nelson transitioned from his role as President and Chief Executive Officer of the Company to the role of Executive Chairman of the Board of Directors (the “ Board ”).

Appointed

Elise Baskel

Senior Vice President – Colorado Technical University

PRDO · PERDOCEO EDUCATION Corp

Effective: 2022-01-20
Filed: January 20, 2022, 6:59 PM ET

In connection with the appointment of Mr. Hurst as President and Chief Executive Officer, the Board has appointed Elise Baskel, who is currently serving the Company as chief operating officer of Colorado Technical University, to serve as the Company’s Senior Vice President – Colorado Technical University.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Hurst was appointed as President and Chief Executive Officer at PERDOCEO EDUCATION Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On the same date, the Company announced that Andrew Hurst, age 59, who is currently serving the Company as Senior Vice President – Colorado Technical University, has been appointed by the Board to serve as the Company’s President and Chief Executive Officer, effective as of the Transition Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Lally was appointed as Lead Director at PERDOCEO EDUCATION Corp.

Action: appointed
Role: Lead Director

Exact text from the filing

Further, on the Transition Date, the Company announced that Thomas Lally, formerly the Company’s Chairman of the Board, has been appointed by the Board to serve as the Lead Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Nelson changed role as Executive Chairman of the Board of Directors at PERDOCEO EDUCATION Corp.

Action: transitioned
Role: Executive Chairman of the Board of Directors

Exact text from the filing

On January 20, 2022, Perdoceo Education Corporation (the “ Company ”) announced that, effective January 20, 2022 (the “ Transition Date ”), Todd Nelson transitioned from his role as President and Chief Executive Officer of the Company to the role of Executive Chairman of the Board of Directors (the “ Board ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Elise Baskel was appointed as Senior Vice President – Colorado Technical University at PERDOCEO EDUCATION Corp.

Action: appointed
Role: Senior Vice President – Colorado Technical University

Exact text from the filing

In connection with the appointment of Mr. Hurst as President and Chief Executive Officer, the Board has appointed Elise Baskel, who is currently serving the Company as chief operating officer of Colorado Technical University, to serve as the Company’s Senior Vice President – Colorado Technical University.

View on SEC.gov

PERDOCEO EDUCATION Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-013821

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