Business Context and Reporting Period
Skillful Craftsman Education Technology Limited filed this Form 6-K on September 14, 2020, covering an event occurring in August 2020. The filing reports a board-approved change to director compensation.
Material Event and Compensation
- On August 28, 2020, the Board approved an increase in the annual compensation of H. David Sherman, an independent director and Chair of the Audit Committee.
- Annual compensation increased from $21,600 to $50,000.
- The $28,400 increase represents compensation for Mr. Sherman’s services as Chair of the Audit Committee.
- The approval followed a recommendation from the Board’s Compensation Committee.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, operating results, or other financial metrics.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, business outlook, risk update, contingency disclosure, or unusual operating item. The compensation increase is the sole reported material event.
Investor Verification Points
- Verify the effective date and payment terms of the revised $50,000 annual compensation.
- Assess the incremental annual cost of $28,400 in the context of the company’s broader director and executive compensation.
- Review subsequent filings for any further changes to Mr. Sherman’s role or compensation.