---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-21-000605"
form_type: "8-K"
ticker: "ASPU"
cik: "0001487198"
company_name: "ASPEN GROUP, INC."
filed_at: "2021-07-23T23:59:59+00:00"
generated_at: "2026-06-30T02:55:28.858959+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CEO Michael Mathews gets new 3-year employment agreement; base salary raised to $350k

## Summary
- Base salary increased from $325k to $350k per year.
- Grant of 125k RSUs vesting upon filing a quarterly/annual report showing GAAP net income for that quarter.
- Cash bonuses awarded for FY2021: Mathews $100,425, St. Arnauld $92,700, Wendolowski $92,700, McNamara $75,000, Alessi $75,000.

## SEC filing metadata
- accession: 0001553350-21-000605
- form_type: 8-K
- ticker: ASPU
- cik: 0001487198
- company_name: ASPEN GROUP, INC.
- filed_at: 2021-07-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487198/000155335021000605/0001553350-21-000605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487198/000155335021000605/aspu_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-21-000605
- JSON: https://secwatch.observer/filing/0001553350-21-000605.json
- Plain text: https://secwatch.observer/filing/0001553350-21-000605.txt

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