secwatch.observer — SEC 8-K summary
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Issuer:     Skillsoft Corp. (SKIL)
CIK:        0001774675
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0001437749-24-018343
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1774675/000143774924018343/0001437749-24-018343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1774675/000143774924018343/skil20240524_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018343

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