LINCOLN EDUCATIONAL SERVICES CORP 8-K

What Happened

• Lincoln Educational Services Corporation (LINC) filed an 8-K on Dec 23, 2025 disclosing that on Dec 19, 2025 it entered into new employment agreements with five senior executives — Scott M. Shaw (CEO & President), Brian K. Meyers (EVP & CFO), Chad D. Nyce (EVP & COO), Alexandra M. Luster (SVP, General Counsel & Secretary) and Stephen E. Ace (SVP & CHRO).
• The new agreements extend each executive’s employment through December 31, 2028 (the prior agreements were set to expire Dec 31, 2025) and maintain substantially the same terms as the prior agreements.

Key Details

• Effective Jan 1, 2026 base salaries (annual) are set as follows: Scott M. Shaw $669,500; Brian K. Meyers $453,200; Chad D. Nyce $453,200; Alexandra M. Luster $317,474; Stephen E. Ace $309,000.
• Each executive remains eligible for an annual performance bonus based on targets or criteria set by the Board or its Compensation Committee, and will receive substantially similar benefits as under prior agreements.
• The 8-K references the full employment agreements filed as Exhibits 10.1–10.5 for complete terms.

Why It Matters

• For investors, these agreements provide clarity on executive leadership continuity and near-term compensation expense through 2028. Salary figures and continued bonus eligibility indicate the company's commitments to retain its senior management team.
• The filing is a governance and compensation disclosure (Item 5.02) rather than a change in control or operational guidance; it does not report earnings or revenue changes. For full contract language and any additional terms (severance, change-in-control provisions, etc.), refer to the filed exhibits.