secwatch.observer — SEC 8-K summary
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Issuer:     2U, Inc. (—)
CIK:        0001459417
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279346
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

2U CEO Chip Paucek departs; CFO Paul Lalljie named CEO, Matt Norden appointed CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1459417/000119312523279346/0001193125-23-279346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1459417/000119312523279346/d365752d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279346

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