Perdoceo appoints Todd Nelson CEO; Andrew Hurst resigns with $2.25M separation

PERDOCEO EDUCATION Corp

Todd Nelson appointed President & CEO effective Nov 16; previously CEO 2015-2022 and Executive Chairman.
Andrew Hurst resigned as CEO & director Nov 15; receives $2.25M cash separation plus 18 months COBRA subsidy.
Gregory L. Jackson, Lead Independent Director, named Chairman of the Board.
Board size decreased from 9 to 8 members following Hurst's departure.
Company reaffirms full-year and Q4 2023 outlook as provided on Nov 2, 2023.

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Andrew Hurst

President and Chief Executive Officer

PRDO · PERDOCEO EDUCATION Corp

Effective: 2023-11-15
Successor: Todd Nelson
Filed: November 17, 2023, 6:59 PM ET

On November 15, 2023, Andrew Hurst resigned as President and Chief Executive Officer of the Company and as a director of the Company, effective immediately.

Role change

Gregory L. Jackson

Chairman of the Board

PRDO · PERDOCEO EDUCATION Corp

Effective: 2023-11-16
Filed: November 17, 2023, 6:59 PM ET

Gregory L. Jackson, the Board’s current Lead Independent Director, was named Chairman of the Board, effective on the Transition Date.

Role change

Todd Nelson

President and Chief Executive Officer

PRDO · PERDOCEO EDUCATION Corp

Effective: 2023-11-16
Filed: November 17, 2023, 6:59 PM ET

On November 17, 2023, Perdoceo Education Corporation (the “ Company ”) announced that, effective November 16, 2023 (the “ Transition Date ”), Todd Nelson has been appointed as President and Chief Executive Officer of the Company and transitioned from his position of Executive Chairman of the Board of Directors (the “ Board ”) to fill such offices.

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 resigned as President and Chief Executive Officer at PERDOCEO EDUCATION Corp.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On November 15, 2023, Andrew Hurst resigned as President and Chief Executive Officer of the Company and as a director of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory L. Jackson was named as Chairman of the Board at PERDOCEO EDUCATION Corp.

Action: named
Role: Chairman of the Board

Exact text from the filing

Gregory L. Jackson, the Board’s current Lead Independent Director, was named Chairman of the Board, effective on the Transition Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Nelson 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 November 17, 2023, Perdoceo Education Corporation (the “ Company ”) announced that, effective November 16, 2023 (the “ Transition Date ”), Todd Nelson has been appointed as President and Chief Executive Officer of the Company and transitioned from his position of Executive Chairman of the Board of Directors (the “ Board ”) to fill such offices.

View on SEC.gov

PERDOCEO EDUCATION Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-279806

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