Aspen Group appoints Matthew LaVay as CFO with $325K salary, 125K RSUs

ASPEN GROUP, INC.

Employment Agreement effective Aug 16, 2021; four-year term with automatic one-year renewals.
Annual base salary of $325,000; eligible for performance bonus tied to Adjusted EBITDA thresholds.
Grant of 125,000 RSUs vesting in three equal annual installments starting Aug 16, 2022.
Housing allowance of $5,000/month until relocation to Phoenix metro area.
Severance provisions: 12 months base salary on termination without cause or for good reason; 18 months on change of control.

item 5.02 item 9.01

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Appointed

Matthew LaVay

Chief Financial Officer

ASPU · ASPEN GROUP, INC.

Effective: 2021-08-16
Filed: August 16, 2021, 7:59 PM ET

Effective on August 16, 2021, Aspen Group, Inc. (the “Company”) entered into an Employment Agreement with Matthew LaVay, who had been appointed as the Chief Financial Officer of the Company on July 8, 2021 with the effective date of August 16, 2021.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Matthew LaVay was appointed as Chief Financial Officer at ASPEN GROUP, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective on August 16, 2021, Aspen Group, Inc. (the “Company”) entered into an Employment Agreement with Matthew LaVay, who had been appointed as the Chief Financial Officer of the Company on July 8, 2021 with the effective date of August 16, 2021.

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ASPEN GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001553350-21-000678

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