GEO Group SVP Ann Schlarb to retire Jan 31; becomes consultant at $15K/month

GEO GROUP INC

Ann Schlarb retires as President of GEO Care effective Jan 31, 2023; Wayne Calabrese, COO, assumes duties.
Schlarb signs 3-year consulting agreement effective Feb 1, 2023, at $15,000 per month plus car and COBRA.
Unvested performance shares continue to vest; no new awards during consulting term.
Retirement benefit of $10,000 per month under Senior Officer Retirement Plan, with credited years including pre-acquisition B.I. service.
Consultant agreement includes non-compete, confidentiality, non-disparagement, and non-solicitation covenants.

item 5.02 item 9.01

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Departed

Ann Schlarb

Senior Vice President and President of GEO Care

GEO · GEO GROUP INC

Effective: 2023-01-31
Successor: Wayne Calabrese
Filed: January 6, 2023, 6:59 PM ET

On January 6, 2023, The GEO Group, Inc. (“GEO” or the “Company”) announced that Ann Schlarb, GEO’s Senior Vice President and President of GEO Care, will be retiring from her executive officer role effective January 31, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ann Schlarb retired as Senior Vice President and President of GEO Care at GEO GROUP INC.

Action: retired
Role: Senior Vice President and President of GEO Care

Exact text from the filing

On January 6, 2023, The GEO Group, Inc. (“GEO” or the “Company”) announced that Ann Schlarb, GEO’s Senior Vice President and President of GEO Care, will be retiring from her executive officer role effective January 31, 2023.

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Source: SEC EDGAR

accession 0001193125-23-003674

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