American Public Education Names New Chief Academic Officer
Ticker: APEI · Form: 8-K · Filed: Jun 17, 2024 · CIK: 1201792
| Field | Detail |
|---|---|
| Company | American Public Education INC (APEI) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, personnel
Related Tickers: APEI
TL;DR
APEI just hired a new Chief Academic Officer, Dr. Susan C. Aldridge. Big move for their education strategy.
AI Summary
On June 13, 2024, American Public Education, Inc. announced the appointment of Dr. Susan C. Aldridge as its new Chief Academic Officer. Dr. Aldridge, who has extensive experience in higher education leadership, will oversee academic strategy and operations for the company. This appointment is part of APEI's ongoing efforts to enhance its educational offerings and student success.
Why It Matters
The appointment of a new Chief Academic Officer could signal a strategic shift in the company's educational focus or a push for innovation in its academic programs, potentially impacting student outcomes and future growth.
Risk Assessment
Risk Level: low — The filing reports a routine executive appointment, which typically carries low risk.
Key Players & Entities
- American Public Education, Inc. (company) — Registrant
- Dr. Susan C. Aldridge (person) — Appointed Chief Academic Officer
- June 13, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-33810 (identifier) — SEC File Number
FAQ
Who was appointed as the new Chief Academic Officer?
Dr. Susan C. Aldridge was appointed as the new Chief Academic Officer.
What is the name of the company filing this report?
The company filing this report is American Public Education, Inc.
On what date was the earliest event reported?
The earliest event reported was on June 13, 2024.
In which state is American Public Education, Inc. incorporated?
American Public Education, Inc. is incorporated in Delaware.
What is the SEC file number for American Public Education, Inc.?
The SEC file number for American Public Education, Inc. is 001-33810.
Filing Stats: 789 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-06-17 08:38:10
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share APEI Nasdaq Globa
Filing Documents
- tm2417339d1_8k.htm (8-K) — 29KB
- tm2417339d1_ex10-1.htm (EX-10.1) — 59KB
- 0001104659-24-072061.txt ( ) — 272KB
- apei-20240613.xsd (EX-101.SCH) — 3KB
- apei-20240613_lab.xml (EX-101.LAB) — 33KB
- apei-20240613_pre.xml (EX-101.PRE) — 22KB
- tm2417339d1_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. American Public Education, Inc. (the "Company") announced that on June 13, 2024, the Company's Board of Directors approved a transition plan for the Company's Chief Financial Officer role. The Company is beginning an orderly search to fill this position, and Richard W. Sunderland, Jr., the Company's current Executive Vice President, Chief Financial Officer, is expected to continue to serve until ninety (90) days after his successor commences employment with the Company (or such other date mutually agreed upon in writing). On June 13, 2024, the Company, APUS and Mr. Sunderland entered into a Transition and Release Agreement (the "Transition Agreement") providing for the transition of the Chief Financial Officer role and eventual end of Mr. Sunderland's services as an employee and officer of the Company (the "Separation"). Under the terms of the Transition Agreement, Mr. Sunderland will remain an active employee of the Company and, except as modified under the Transition Agreement, the terms of his existing Employment Agreement (the "Employment Agreement"), dated August 1, 2014, will continue in full force and effect through his Separation, including the compensation and benefits set forth therein. Upon Mr. Sunderland's Separation from the Company, he will remain entitled to the applicable payments set forth under his Employment Agreement. Additionally, if the Separation occurs for any reason other than Cause or resignation without Good Reason, then, subject to execution and non-revocation of a release and satisfaction of other terms set forth in the Transition Agreement, Mr. Sunderland's Separation will be deemed a termination without Cause by the Company for purposes of the Employment Agreement and a "Qualified Retirement" for purposes of his previously granted equity awards, which means he will be entitled
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 Transition and Release Agreement, dated June 13, 2024, by and among American Public Education, Inc., American Public University System, Inc. and Richard W. Sunderland, Jr. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. American Public Education, Inc. Date: June 17, 2024 By: /s/ Thomas A. Beckett Name: Thomas A. Beckett Title: Senior Vice President and General Counsel