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

Issuer:     LAUREATE EDUCATION, INC. (LAUR)
CIK:        0000912766
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001628280-23-038637
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laureate Education enters new employment agreement with CEO Eilif Serck-Hanssen
-------------------------------------------------------------------------------

- CEO Eilif Serck-Hanssen receives $850k base salary, 130% target bonus, $600k equity grant (50% RSU/50% PSU).
- Target annual long-term incentive equity grant date value set at $2.55 million starting FY2024.
- Enhanced severance during Special Severance Period (through April 7, 2025): 2x base+target, pro-rata bonus, accelerated vesting.
- Modified Good Reason: base/target/LTIP reduction, title change, or relocation >50 miles; deemed window Jan 15–Feb 25, 2025.
- Agreement supersedes prior retention bonus program and October 2022 letter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912766/000162828023038637/0001628280-23-038637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912766/000162828023038637/laur-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038637

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