UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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March 4, 2024 (
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 1, 2024, Laureate Education, Inc. (the “Company”) announced that Richard H. Sinkfield III, Chief Legal Officer and Chief Ethics & Compliance Officer, will leave the Company on or about June 30, 2024. In connection with his departure, on February 28, 2024, the Company and Mr. Sinkfield entered into a mutual separation agreement (the “Separation Agreement”), pursuant to which Mr. Sinkfield will be eligible for separation payments and benefits pursuant to the termination without cause provisions of the previously disclosed Laureate Education, Inc. Severance Policy for Executives. In addition, the Separation Agreement provides that Mr. Sinkfield will be eligible to receive a prorated bonus in respect of fiscal year 2024. The benefits payable under the Separation Agreement are subject to Mr. Sinkfield’s continued employment through June 30, 2024 or such earlier date as may be mutually agreed to between the parties.
The Separation Agreement provides that, in the event both a successor Chief Legal Officer and successor Chief Ethics & Compliance Officer are appointed prior to Mr. Sinkfield’s departure from the Company, Mr. Sinkfield will continue his employment as a senior advisor to the Company until such departure. The Separation Agreement also contains a customary release of claims and certain restrictive covenants in favor of the Company.
Leslie S. Brush will succeed Mr. Sinkfield in the role of Chief Legal Officer effective as of April 1, 2024. Ms. Brush joined the Company in 2019 and currently serves in the position of Deputy General Counsel and Secretary.
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/ Adam Smith | |
Name: | Adam Smith | |
Title: | Senior Vice President, People & Culture |
Date: March 4, 2024