---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-028488"
form_type: "8-K"
ticker: "SKIL"
cik: "0001774675"
company_name: "Skillsoft Corp."
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:16:55.280143+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Skillsoft finalizes CEO agreement with Hovsepian: $772.5K salary, $1.5M bonus, stock-based awards

## Summary
- Base salary $772,500, target annual bonus 100%, one-time $1.5M sign-on bonus.
- Granted 500,000 time-based RSUs vesting ratably over four years.
- Performance award up to $17M based on 30-day VWAP thresholds from $30 to $100.
- Severance: 2x salary+bonus, COBRA 24 months, equity acceleration; change-in-control gross-up up to $13M.
- Effective Sept 4, 2024; restrictive covenants include non-compete for 24 months post-employment.

## SEC filing metadata
- accession: 0001437749-24-028488
- form_type: 8-K
- ticker: SKIL
- cik: 0001774675
- company_name: Skillsoft Corp.
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774675/000143774924028488/0001437749-24-028488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774675/000143774924028488/skil20240905_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-028488
- JSON: https://secwatch.observer/filing/0001437749-24-028488.json
- Plain text: https://secwatch.observer/filing/0001437749-24-028488.txt

## Key facts
- Executive change
  Ronald W. Hovsepian was appointed as Executive Chair and Chief Executive Officer at Skillsoft Corp..
  - Action: appointed
  - Role: Executive Chair and Chief Executive Officer
  source text: On September 4, 2024 (the “Effective Date”), the Company entered into a letter agreement with Mr. Hovsepian (the “Agreement”), pursuant to which he will serve as our Executive Chair and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1774675/000143774924028488/0001437749-24-028488-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.