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Skillsoft ( (SKIL) ) has provided an announcement.
Skillsoft Corp. has appointed Ronald W. Hovsepian as its Executive Chair and CEO with a robust compensation package that includes a $772,500 annual salary, an equal target bonus, and a $1.5 million sign-on bonus. Hovsepian’s agreement includes 500,000 time-based restricted stock units vesting over four years, with accelerated vesting under certain conditions such as a change in control. Additionally, performance-based awards incentivize stock price growth, with significant payouts at various stock price milestones. The agreement also outlines severance terms and includes restrictive covenants to protect the company’s interests.
See more insights into SKIL stock on TipRanks’ Stock Analysis page.