Business Context and Reporting Period
This Form 8-K was filed by K12 Inc. on August 21, 2008. The report discloses a corporate governance event regarding the appointment of a new member to the Board of Directors.
Key Financial Metrics
The filing does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes.
Material Changes
On August 21, 2008, the Company appointed Jane M. Swift, age 43, to its Board of Directors. Ms. Swift is a former Governor of Massachusetts and the founder of WNP Consulting, LLC. She will serve until the next annual meeting of shareholders or until her successor is elected. She has not yet been assigned to any Board committees.
Compensation and Governance Details
Ms. Swift's compensation aligns with other non-employee Directors, consisting of 5,000 stock options and an annual retainer of $25,000. The filing states there are no other arrangements or understandings regarding her appointment.
Investor Verification Checklist
- Verify the effective date of Jane M. Swift's board appointment (August 21, 2008).
- Confirm the standard compensation package for non-employee directors ($25,000 retainer and 5,000 options).
- Note that Ms. Swift has not yet been assigned to specific board committees.
- Check subsequent filings for her committee assignments or the date of the next annual shareholder meeting.