Perdoceo Education Corp Reports Officer Changes & Financials

TL;DR

Perdoceo Education Corp filed an 8-K detailing leadership changes and financial updates.

AI Summary

Perdoceo Education Corporation filed an 8-K on March 7, 2024, reporting changes in its board of directors and executive officers, including the appointment of new officers and changes to compensatory arrangements. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates potential shifts in the company's leadership and compensation structures, which could impact its strategic direction and operational execution.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and does not immediately suggest significant financial distress or operational disruption.

Key Numbers

• 0000950170-24-030204 — Accession Number (Unique identifier for the filing)
• 000-23245 — Commission File Number (SEC file number for the company)
• 36-3932190 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• Perdoceo Education Corporation (company) — Registrant
• March 7, 2024 (date) — Date of Earliest Event Reported
• Delaware (jurisdiction) — State of Incorporation
• 1750 E. Golf Road, Schaumburg, IL 60173 (address) — Principal Executive Offices
• Career Education Corp (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value PRDO Nasdaq Global Select
• $506,860 — hia's base salary was increased 3.5% to $506,860, effective March 1, 2024. On March 7,

Filing Documents

• prdo-20240307.htm (8-K) — 56KB
• prdo-ex10_1.htm (EX-10.1) — 85KB
• prdo-ex10_2.htm (EX-10.2) — 77KB
• prdo-ex10_3.htm (EX-10.3) — 105KB
• img90352887_0.jpg (GRAPHIC) — 37KB
• img90352887_1.jpg (GRAPHIC) — 37KB
• img91276408_0.jpg (GRAPHIC) — 2KB
• img92199929_0.jpg (GRAPHIC) — 2KB
• 0000950170-24-030204.txt ( ) — 616KB
• prdo-20240307.xsd (EX-101.SCH) — 47KB
• prdo-20240307_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. Annual Incentive Award Program On March 7, 2024, the Compensation Committee (the " Committee ") of the Board of Directors of Perdoceo Education Corporation (the " Company ") approved the 2024 Annual Incentive Plan (the " 2024 AIP "). The 2024 AIP is similar to the Company's 2023 Annual Incentive Plan (the " 2023 AIP ") in all material respects. As with the 2023 AIP, the 2024 AIP will use a company-wide adjusted operating income performance component (80% weighting) and an individual goals performance component (20% weighting) for the most senior level participants, including the Company's executive officers. Achievement of the target level of performance for the adjusted operating income performance component results in a payout factor of 100%, with achievement of a threshold adjusted operating income performance level required for any payments under the 2024 AIP and a payment cap of 200% of a participant's AIP target value. In addition, the payout opportunity for the individual goals performance component will also vary based on the level of achievement of the adjusted operating income performance component to further support the achievement of the Company's business objectives. The foregoing description is not a complete description of all of the rights and obligations under the 2024 AIP and is qualified in its entirety by reference to the 2024 AIP, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference. Other Compensation Matters On March 7, 2024, the Committee approved compensation arrangements for Ashish Ghia, the Company's Chief Financial Officer. Mr. Ghia's base salary was increased 3.5% to $506,860, effective March 1, 2024. On March 7, 2024, the Committee approved the following forms of award agreements under the Company's 2016 Incentive Compensation Pla

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits The exhibits to this Current Report on Form 8-K are listed in the "Exhibit Index" which is contained herein and incorporated herein by reference. Exhibit Index Exhibit Number Description of Exhibit *10.1 *10.2 *10.3 2024 Annual Incentive Plan Form of Restricted Stock Unit Agreement under the 2016 Plan (Time-Based) Form of Restricted Stock Unit Agreement under the 2016 Plan (Performance-Based) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Management contract or compensatory plan or arrangement. 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. PERDOCEO EDUCATION CORPORATION By: /s/ Ashish R. Ghia Ashish R. Ghia Senior Vice President and Chief Financial Officer Dated: March 12, 2024 4