Huron Consulting Group Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on September 13, 2022, by Huron Consulting Group Inc. (Huron), a Delaware corporation. The report discloses corporate governance changes effective as of the filing date.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on director compensation and appointment details.
Material Changes
The Board of Directors elected Joy T. Brown as a Class I director, effective September 13, 2022. She will serve until the May 2023 Annual Meeting of Stockholders. No committee assignments have been made at this time.
Compensation and Governance Details
- Annual Cash Retainer: $60,000 (prorated for the initial period).
- Meeting Fees: $1,000 per Board or committee meeting attended.
- Annual Stock Grant: Standard value of $170,000 granted at the annual meeting.
- Initial Stock Award: $85,000 value granted on October 1, 2022, vesting ratably over 11 quarters.
- Additional Stock Award: $200,000 value granted on October 1, 2022, vesting ratably over 12 quarters.
Investor Verification Points
- Verify the total equity compensation value ($285,000) granted to Ms. Brown upon her appointment.
- Confirm the vesting schedules for the two distinct stock awards (11 quarters and 12 quarters).
- Review the 2022 Annual Proxy Statement for full details on non-employee director compensation practices.
- Monitor future filings for Ms. Brown's committee assignments and re-election status at the 2023 Annual Meeting.