GRAHAM HOLDINGS COMPANY (NYSE:GHC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
GRAHAM HOLDINGS COMPANY (NYSE:GHC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On December 22, 2016, the Company announced that Hal S. Jones, Senior Vice President ̶ Finance and Chief Financial Officer of Graham Holdings Company (the “Company”), will retire effective March 31, 2017 and Wallace R. Cooney, 53, the Company’s Vice President ̶ Finance and Chief Accounting Officer since 2008, will become Chief Financial Officer and will serve as the Company’s principal financial officer effective upon the retirement of Mr. Jones.
(c) Mr. Cooney’s compensation as Chief Financial Officer has not yet been determined. There are no family relationships between Mr. Cooney and any director or executive officer of the Company and there is no arrangement or understanding between him and any other person to which he was selected as chief financial officer. In addition, there are no related party transactions involving Mr. Cooney that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing these changes is furnished as Exhibit 99.1 to the Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release Dated December 22, 2016.
About GRAHAM HOLDINGS COMPANY (NYSE:GHC)
Graham Holdings Company is a diversified education and media company. The Company’s operations include educational services; television broadcasting; online, print and local television news; social-media advertising services; home health and hospice care, and manufacturing. The Company’s segments include Kaplan Higher Education, which provides a range of certificate, diploma and degree programs; Kaplan Test Preparation, which includes the Company’s test preparation businesses in pre-college, graduate, health and bar review, as well as new businesses in new economy skills training and in career advising; Kaplan International, which operates businesses in Europe and the Asia Pacific region; television broadcasting, which include operations that are conducted through over five very high frequency television stations serving the Detroit, Houston, San Antonio, Orlando and Jacksonville television markets, and other businesses, which include The Slate Group, The FP Group and SocialCode. GRAHAM HOLDINGS COMPANY (NYSE:GHC) Recent Trading Information
GRAHAM HOLDINGS COMPANY (NYSE:GHC) closed its last trading session down -7.55 at 524.25 with 13,423 shares trading hands.
Graham Holdings Company is a diversified education and media company. The Company’s operations include educational services; television broadcasting; online, print and local television news; social-media advertising services; home health and hospice care, and manufacturing. The Company’s segments include Kaplan Higher Education, which provides a range of certificate, diploma and degree programs; Kaplan Test Preparation, which includes the Company’s test preparation businesses in pre-college, graduate, health and bar review, as well as new businesses in new economy skills training and in career advising; Kaplan International, which operates businesses in Europe and the Asia Pacific region; television broadcasting, which include operations that are conducted through over five very high frequency television stations serving the Detroit, Houston, San Antonio, Orlando and Jacksonville television markets, and other businesses, which include The Slate Group, The FP Group and SocialCode. GRAHAM HOLDINGS COMPANY (NYSE:GHC) Recent Trading Information
GRAHAM HOLDINGS COMPANY (NYSE:GHC) closed its last trading session down -7.55 at 524.25 with 13,423 shares trading hands.