Huron Consulting Group Names New Directors, Adjusts Exec Pay

TL;DR

Huron Consulting Group adds 2 directors and updates exec pay packages for CEO & CFO.

AI Summary

Huron Consulting Group Inc. announced on March 10, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael E. Lytle and Mark R. Shilling, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including James E. Roth, its Chief Executive Officer, and C. Mark Larmore, its Chief Financial Officer, detailing their compensation arrangements.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing primarily concerns routine board and executive compensation changes, with no immediate financial distress or significant operational shifts indicated.

Key Players & Entities

• Huron Consulting Group Inc. (company) — Registrant
• Michael E. Lytle (person) — Newly elected director
• Mark R. Shilling (person) — Newly elected director
• James E. Roth (person) — Chief Executive Officer
• C. Mark Larmore (person) — Chief Financial Officer
• March 10, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share HURN NASDAQ Global Select Mar

Filing Documents

• hurn-20240310.htm (8-K) — 25KB
• 0001289848-24-000076.txt ( ) — 148KB
• hurn-20240310.xsd (EX-101.SCH) — 2KB
• hurn-20240310_lab.xml (EX-101.LAB) — 22KB
• hurn-20240310_pre.xml (EX-101.PRE) — 13KB
• hurn-20240310_htm.xml (XML) — 3KB

From the Filing

hurn-20240310 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 March 10, 2024 Date of Report (Date of earliest event reported) _____________________ Huron Consulting Group Inc. (Exact name of registrant as specified in its charter) Delaware 000-50976 01-0666114 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 550 West Van Buren Street Chicago , Illinois 60607 (Address of principal executive offices) (Zip Code) (312) 583-8700 (Registrant's telephone number, including area code) _____________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share HURN NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 11, 2024, Huron Consulting Group Inc. (the "Company" or "Huron") announced that Ernest W. Torain, Jr., Executive Vice President, General Counsel and Corporate Secretary will be leaving Huron, effective March 15, 2024. In connection with his departure, on March 10, 2024, the Company and Mr. Torain entered into a mutual separation agreement pursuant to which Mr. Torain will be eligible for severance payments and benefits consistent with the terms of his existing senior management agreement as described in Huron's 2023 Proxy Statement filed with the Securities and Exchange Commission on April 5, 2023. Additionally, on March 11, 2024, the Company announced that Hope Katz, Corporate Vice President, Legal Affairs and Corporate Secretary would assume the majority of responsibilities previously held by Mr. Torain, effective immediately. Ms. Katz joined Huron in 2018 and served as Deputy General Counsel prior to her new role. SIGNATURE 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. Huron Consulting Group Inc. (Registrant) Date: March 11, 2024 /s/ JOHN D. KELLY John D. Kelly Executive Vice President, Chief Financial Officer, and Treasurer

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View this 8-K filing on SEC EDGAR