Coursera Elects New Directors, Updates Executive Compensation
Ticker: COUR · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1651562
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: COUR
TL;DR
Coursera adds two directors, inks new pay deals for CEO Ng & CFO Richardson.
AI Summary
Coursera, Inc. announced on January 29, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. M. Elizabeth Smith and Mr. David Liu, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Andrew Ng, and Chief Financial Officer, Ms. Karen Richardson, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategic direction and financial commitments.
Key Players & Entities
- Coursera, Inc. (company) — Registrant
- M. Elizabeth Smith (person) — Newly Elected Director
- David Liu (person) — Newly Elected Director
- Andrew Ng (person) — Chief Executive Officer
- Karen Richardson (person) — Chief Financial Officer
- January 29, 2025 (date) — Effective date of board changes and employment agreements
FAQ
Who are the new directors elected to Coursera's Board?
Coursera elected Ms. M. Elizabeth Smith and Mr. David Liu as new directors to its Board.
When were the new directors elected?
The new directors were elected effective January 29, 2025.
Are there any changes to executive employment agreements?
Yes, Coursera entered into new employment agreements with its Chief Executive Officer, Mr. Andrew Ng, and Chief Financial Officer, Ms. Karen Richardson.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Coursera's principal executive office address?
Coursera's principal executive offices are located at 2440 West El Camino Real, Suite 500, Mountain View, California 94040.
Filing Stats: 1,243 words · 5 min read · ~4 pages · Grade level 14.4 · Accepted 2025-02-03 16:13:06
Key Financial Figures
- $0.00001 — ange on which registered Common Stock, $0.00001 par value per share COUR New York Stock
Filing Documents
- cour-20250129.htm (8-K) — 32KB
- 0001651562-25-000006.txt ( ) — 154KB
- cour-20250129.xsd (EX-101.SCH) — 2KB
- cour-20250129_lab.xml (EX-101.LAB) — 21KB
- cour-20250129_pre.xml (EX-101.PRE) — 12KB
- cour-20250129_htm.xml (XML) — 3KB
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 thereunto duly authorized. COURSERA, INC. Date: February 3, 2025 By: /s/ Alan B. Cardenas Alan B. Cardenas Senior Vice President, General Counsel, and Secretary