Skillsoft Corp. Announces Board and Executive Compensation Changes
Ticker: SKILW · Form: 8-K · Filed: May 20, 2024 · CIK: 1774675
| Field | Detail |
|---|---|
| Company | Skillsoft Corp. (SKILW) |
| Form Type | 8-K |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Skillsoft board shakeup and comp plan updates filed. Watch for new strategy.
AI Summary
Skillsoft Corp. announced on May 20, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate underlying issues or strategic shifts that may impact the company's future performance.
Key Players & Entities
- Skillsoft Corp. (company) — Registrant
- May 20, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of incorporation
- 001-38960 (identifier) — Commission File Number
- 83-4388331 (identifier) — I.R.S. Employer Identification No.
- 7887 E. Belleview Ave, Suite 600 Greenwood Village, Colorado 80111 (address) — Principal executive offices
- ( 603 ) 821-3902 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain officers and the election of new directors, though specific names are not detailed in this summary section.
What is the nature of the compensatory arrangements being updated?
The filing mentions updates to compensatory arrangements of certain officers, but the specifics of these arrangements are not elaborated in the provided text.
When was this Form 8-K filed?
This Form 8-K was filed on May 20, 2024.
What is Skillsoft Corp.'s state of incorporation?
Skillsoft Corp. is incorporated in Delaware.
What is the company's principal executive office address?
The principal executive offices are located at 7887 E. Belleview Ave, Suite 600 Greenwood Village, Colorado 80111.
Filing Stats: 486 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-05-20 16:15:24
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share SKIL New York S
Filing Documents
- skil20240517_8k.htm (8-K) — 23KB
- 0001437749-24-017662.txt ( ) — 155KB
- skil-20240520.xsd (EX-101.SCH) — 3KB
- skil-20240520_def.xml (EX-101.DEF) — 12KB
- skil-20240520_lab.xml (EX-101.LAB) — 15KB
- skil-20240520_pre.xml (EX-101.PRE) — 12KB
- skil20240517_8k_htm.xml (XML) — 3KB
From the Filing
skil20240517_8k.htm 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 Date of Report (Date of earliest event reported): May 20, 2024 Skillsoft Corp. (Exact name of registrant as specified in its charter) Delaware 001-38960 83-4388331 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 7887 E. Belleview Ave, Suite 600 Greenwood Village , Colorado 80111 (Address of principal executive offices) ( 603 ) 821-3902 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 (see General Instruction A.2. below): 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 Name of each exchange on which registered Class A common stock, $0.0001 par value per share SKIL New York Stock Exchange 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 May 17, 2024, Patrick Kolek provided notice to the Board of Directors (the "Board") of Skillsoft Corp. (the "Company") of his decision not to stand for re-election to the Board. Mr. Kolek has served on the Board since June 2021 and is a member of the Audit Committee and the chair of the Nominating and Governance Committee. Mr. Kolek is expected to continue to serve as a member of the Board through the expiration of his current term as a director at the Company's annual meeting of stockholders scheduled for July 18, 2024. Mr. Kolek's decision to not stand for re-election was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. 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. Dated: May 20, 2024 SKILLSOFT CORP. By: /s/ Richard George Walker Richard George Walker Chief Financial Officer