BRIDGEPOINT EDUCATION, INC. (NYSE:BPI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
BRIDGEPOINT EDUCATION, INC. (NYSE:BPI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2017, Bridgepoint Education, Inc. (the “Company”) appointed Steve Burkholder to serve as the Company’s Vice President, Chief Accounting Officer and Corporate Controller, effective immediately.
Mr. Burkholder, 38, has served as the Company’s Associate Vice President, Assistant Controller since September 2012. Prior to joining the Company, Mr. Burkholder served in various roles at PricewaterhouseCoopers LLP, a public accounting firm, from September 2001 to September 2012, culminating in his appointment as Senior Manager in June 2011. As Senior Manager, he led engagement teams including audit, information technology, valuation and tax professionals. Mr. Burkholder received his Bachelor of Science in Business Accounting with honors from the University of Minnesota – Carlson School of Management and is a certified public accountant.
There are no family relationships between Mr. Burkholder and any of the directors or executive officers of the Company, and there are no transactions in which Mr. Burkholder has an interest requiring disclosure under Item 404(a) of Regulation S-K.
As Vice President, Chief Accounting Officer and Corporate Controller, Mr. Burkholder will receive an annual base salary of $230,000 and will be eligible to participate in the Company’s annual cash bonus program, with a target bonus amount equal to 25% of his then-current annual base salary. Mr. Burkholder will also be eligible to participate in the Senior Management Severance Plan and the Company’s employee benefit plans and programs, including any savings or profit sharing plans, equity incentive plans, and health, disability, insurance and other plans made available generally to the Company’s employees. In connection with his appointment, subject to approval by the Performance Award Subcommittee of the Company’s Compensation Committee, Mr. Burkholder will be entitled to receive an award of restricted stock units under the Company’s Amended and Restated 2009 Stock Incentive Plan, which award is in addition to the annual equity award he received in March 2017.
Russell Sakamoto, who served as the Company’s Vice President, Chief Accounting Officer and Corporate Controller from December 2, 2013 to May 25, 2017, has been retained to serve as a consultant to the Company’s Chief Financial Officer for a period currently anticipated to end in November 2017.
About BRIDGEPOINT EDUCATION, INC. (NYSE:BPI)
Bridgepoint Education, Inc. (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services. The Company is also developing Constellation, Waypoint Outcomes and mobile application technology. The Company has approximately 49,160 students enrolled in its institutions. The Company’s institutions offer approximately 1,850 courses, over 80 degree programs and approximately 150 specializations. Its institutions offer programs and specialization areas through the University of the Rockies’ two schools: the School of Organizational Leadership and the School of Professional Psychology. BRIDGEPOINT EDUCATION, INC. (NYSE:BPI) Recent Trading Information
BRIDGEPOINT EDUCATION, INC. (NYSE:BPI) closed its last trading session up +0.34 at 14.18 with 202,945 shares trading hands.
Bridgepoint Education, Inc. (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services. The Company is also developing Constellation, Waypoint Outcomes and mobile application technology. The Company has approximately 49,160 students enrolled in its institutions. The Company’s institutions offer approximately 1,850 courses, over 80 degree programs and approximately 150 specializations. Its institutions offer programs and specialization areas through the University of the Rockies’ two schools: the School of Organizational Leadership and the School of Professional Psychology. BRIDGEPOINT EDUCATION, INC. (NYSE:BPI) Recent Trading Information
BRIDGEPOINT EDUCATION, INC. (NYSE:BPI) closed its last trading session up +0.34 at 14.18 with 202,945 shares trading hands.