8-K
filed November 17, 2023, 6:59 PM ET
CIK 0001459417
leadership
confidence high
sentiment neutral
materiality 0.75
2U CEO Chip Paucek departs; CFO Paul Lalljie named CEO, Matt Norden appointed CFO
2U, Inc.
- Paul Lalljie appointed CEO and board member effective Nov 16; base salary $750K, target bonus 115% of base.
- Matthew Norden appointed CFO, continues as CLO; base salary $575K, target bonus 100% of base.
- Chip Paucek steps down as CEO and director; becomes special advisor Dec 15; consulting fee $20K/month through Apr 2025.
- Heather Hoffert named Principal Accounting Officer effective Nov 16.
- Separation agreement with Paucek includes continued equity vesting during consulting period and $200K cash payment.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul S. Lalljie was appointed as Chief Executive Officer at 2U, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed Paul S. Lalljie, the Company’s current Chief Financial Officer, to succeed Mr. Paucek as Chief Executive Officer of the Company and as a member of the Board, effective as of the Transition Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew J. Norden was appointed as Chief Financial Officer and Chief Legal Officer at 2U, Inc..
- Action
- appointed
- Role
- Chief Financial Officer and Chief Legal Officer
Exact text from the filing
Matthew J. Norden, the Company’s current Chief Legal Officer, was appointed to the role of Chief Financial Officer, effective as of the Transition Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Heather Hoffert was appointed as Principal Accounting Officer at 2U, Inc..
- Action
- appointed
- Role
- Principal Accounting Officer
Exact text from the filing
Heather Hoffert, currently Senior Vice President, Accounting, will assume the role of Principal Accounting Officer, effective as of the Transition Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher "Chip" J. Paucek resigned as Chief Executive Officer and Director at 2U, Inc..
- Action
- resigned
- Role
- Chief Executive Officer and Director
Exact text from the filing
will be departing from the role of Chief Executive Officer and resigning as a member of the Board, effective as of November 16, 2023
View on SEC.gov
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