Laureate Education Appoints New Board Chair
Ticker: LAUR · Form: 8-K · Filed: Jun 5, 2024 · CIK: 912766
| Field | Detail |
|---|---|
| Company | Laureate Education, Inc. (LAUR) |
| Form Type | 8-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.004, $2,000,000, $3,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, governance
TL;DR
Laureate Education has a new Board Chair, Dr. Eduardo J. Padrón, effective May 30th.
AI Summary
Laureate Education, Inc. announced on June 5, 2024, that its Board of Directors has appointed Dr. Eduardo J. Padrón as the new Chair of the Board, effective May 30, 2024. Dr. Padrón, who has served as a director since 2018, will succeed Douglas L. Becker. The company also reported on matters submitted to a vote of security holders and other events.
Why It Matters
A change in board leadership can signal shifts in strategic direction or governance priorities for the company.
Risk Assessment
Risk Level: low — The filing primarily concerns a change in board leadership and routine corporate governance matters, which typically carry low immediate risk.
Key Players & Entities
- Laureate Education, Inc. (company) — Registrant
- Dr. Eduardo J. Padrón (person) — Appointed Chair of the Board
- Douglas L. Becker (person) — Outgoing Chair of the Board
- May 30, 2024 (date) — Effective date of new Chair
- June 5, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Chair of Laureate Education, Inc.'s Board of Directors?
Dr. Eduardo J. Padrón has been appointed as the new Chair of the Board.
When did the appointment of the new Board Chair become effective?
The appointment became effective on May 30, 2024.
Who is the outgoing Chair of Laureate Education, Inc.'s Board of Directors?
Douglas L. Becker is the outgoing Chair.
What is the filing date of this 8-K report?
The filing date of this 8-K report is June 5, 2024.
What other items are mentioned in this 8-K filing besides the board change?
The filing also reports on the submission of matters to a vote of security holders and other events.
Filing Stats: 959 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-06-05 16:37:07
Key Financial Figures
- $0.004 — ich registered Common Stock, par value $0.004 per share LAUR The NASDAQ Stock Market
- $2,000,000 — (the "Plan") with a grant date value of $2,000,000 and $3,000,000, respectively. One-third
- $3,000,000 — th a grant date value of $2,000,000 and $3,000,000, respectively. One-third of these RSU a
Filing Documents
- laur-20240605.htm (8-K) — 50KB
- 0001628280-24-026876.txt ( ) — 173KB
- laur-20240605.xsd (EX-101.SCH) — 2KB
- laur-20240605_lab.xml (EX-101.LAB) — 21KB
- laur-20240605_pre.xml (EX-101.PRE) — 12KB
- laur-20240605_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The 2024 Annual Meeting of Stockholders (the "Annual Meeting") of the Company was held on May 30, 2024. At the Annual Meeting, the stockholders voted on the items listed below: Proposal 1: Election of Directors Elected ten (10) directors, each of whom shall hold office for a term of one year, expiring at the Company's 2025 Annual Meeting of Stockholders, and until his or her successor is elected and qualified, or until his or her earlier death, resignation or removal. The vote was as follows: FOR WITHHELD Andrew B. Cohen 130,291,794 6,346,949 William J. Davis 136,194,695 444,048 Pedro del Corro 135,066,641 1,572,102 Aristides de Macedo 135,852,456 786,287 Kenneth W. Freeman 131,161,029 5,477,714 Barbara Mair 135,919,771 718,972 George Muoz 134,894,260 1,744,483 Dr. Judith Rodin 104,830,543 31,808,200 Eilif Serck-Hanssen 135,894,186 744,557 Ian K. Snow 129,420,501 7,218,242 Broker Non-Votes: 7,676,464 for each director Proposal 2: Non-binding Advisory Vote on Executive Compensation Approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers as described in the Compensation Discussion and Analysis and the accompanying tables in the Company's Proxy Statement for the Annual Meeting. The vote was as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 131,822,019 4,741,454 75,270 7,676,464 Proposal 3: Approved, on a non-binding, advisory basis, conducting future advisory votes on executive compensation every year. 1 YEAR 2 YEARS 3 YEARS ABSTAIN BROKER NON-VOTES 129,439,569 1,906 7,072,211 125,057 7,676,464 The Board of Directors of the Company (the "Board") has considered the outcome of this advisory vote and has determined, as was recommended by the Board with respect to this proposal in the Company's Proxy Statement for the Annual Meeting, that the Company will hold future advisory votes on executive compens
01 Other Events
Item 8.01 Other Events. On May 30, 2024, the Company announced the appointment of Andrew B. Cohen as Chair of its Board, effective September 10, 2024. Mr. Cohen will succeed Kenneth W. Freeman, President Ad Interim of Boston University, who served as Chair since 2019 and will remain on the Board. 3
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. LAUREATE EDUCATION, INC. By: /s/ Leslie S. Brush Name: Leslie S. Brush Title: Senior Vice President, Chief Legal Officer and Secretary Date: June 5, 2024 4