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Cogent Comms extends CEO contract, tightens incentive alignment

Story Highlights
  • Cogent extended CEO David Schaeffer’s contract to 2028 with revised salary and EBITDA-linked bonus terms.
  • The board approved multi-year equity and retention awards tying top executives’ pay to EBITDA growth and long-term service.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cogent Comms extends CEO contract, tightens incentive alignment

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Cogent Comms ( (CCOI) ) has shared an announcement.

On December 31, 2025, Cogent Communications Holdings, Inc. amended Chief Executive Officer David Schaeffer’s employment agreement, extending his term through December 31, 2028, resetting his annual salary to $1 million, and capping his annual cash incentive at a $1.25 million target tied to year‑over‑year EBITDA growth, with no bonus payable if EBITDA growth is zero or negative. The board also established a multi‑year equity package for Schaeffer, including substantial time‑vesting and performance‑vesting restricted stock awards for 2026–2028 that depend on continued employment and on achieving positive compound annual EBITDA growth, while granting additional long‑term restricted stock retention awards to the CFO, chief legal officer and chief revenue officer that vest in 2029, collectively reinforcing leadership retention and aligning top executives’ compensation more tightly with profitability and growth metrics.

The most recent analyst rating on (CCOI) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Cogent Comms stock, see the CCOI Stock Forecast page.

Spark’s Take on CCOI Stock

According to Spark, TipRanks’ AI Analyst, CCOI is a Neutral.

Cogent Comms is facing significant financial and operational challenges, with declining revenues and high leverage being the most critical issues. Technical analysis indicates bearish momentum, and although there are some positive aspects like EBITDA growth, the overall outlook remains cautious.

To see Spark’s full report on CCOI stock, click here.

More about Cogent Comms

Average Trading Volume: 1,571,455

Technical Sentiment Signal: Sell

Current Market Cap: $958.4M

Find detailed analytics on CCOI stock on TipRanks’ Stock Analysis page.

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