secwatch.observer — SEC 8-K summary
======================================

Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0001564590-22-009860
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perdoceo changes LTI mix to 50/50 for NEOs, awards CFO $352K retention bonus
----------------------------------------------------------------------------

- 2022 Annual Incentive Plan uses 80% adjusted EBITDA / 20% individual goals with cap of 200% of target, same as 2021.
- Long-term incentive mix for NEOs changed to 50% performance-based / 50% time-based from 70/30 to enhance retention.
- CFO Ashish Ghia base salary increased 6% to $466,400, LTIP target raised from 125% to 140% of base salary.
- Ghia received retention bonus of $352,000 payable in equal installments on March 14, 2023 and 2024.
- Performance-based awards maintain three-year cliff vesting; overachievement up to 200% if third-year threshold met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000156459022009860/0001564590-22-009860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000156459022009860/prdo-8k_20220308.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-009860

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