Skillsoft finalizes CEO Jeffrey Tarr separation; 2x salary bonus, extended RSU vesting

Skillsoft Corp.

Jeffrey R. Tarr retired as President/CEO effective April 16, 2024, and left as advisor on May 9, 2024.
Separation Agreement: 2x (base salary + target bonus) payable over 24 months, plus $100K FY2025 bonus.
Time-based RSUs vest for 1 year post-separation; performance-based RSUs vest based on actual performance at separation date.
All outstanding stock options forfeited; COBRA premiums covered for 12 months; attorney fees reimbursed up to $18,500.

item 5.02

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Departed

Jeffrey R. Tarr

President and Chief Executive Officer

SKIL · Skillsoft Corp.

Effective: 2024-04-16
Filed: May 24, 2024, 7:59 PM ET

As previously announced on April 15, 2024, Jeffrey R. Tarr, the former President and Chief Executive Officer of Skillsoft Corp. (the “Company”), retired from his position effective as of April 16, 2024 (the “Transition Date”).

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeffrey R. Tarr retired as President and Chief Executive Officer at Skillsoft Corp..

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

As previously announced on April 15, 2024, Jeffrey R. Tarr, the former President and Chief Executive Officer of Skillsoft Corp. (the “Company”), retired from his position effective as of April 16, 2024 (the “Transition Date”).

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Source: SEC EDGAR

accession 0001437749-24-018343

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