secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN GROUP, INC. (ASPU)
CIK:        0001487198
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0001553350-21-000678
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487198/000155335021000678/0001553350-21-000678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487198/000155335021000678/aspu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-21-000678

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer