Skillsoft Corp. 8-K

What Happened

• Skillsoft Corp. (SKIL) filed an 8-K reporting that on March 25, 2026 the Board appointed Arthur Gilliland as a Class II director, effective immediately. His term runs until the Company’s 2026 Annual Meeting of Stockholders (the “2026 Meeting”) or until a successor is elected. The Board also named him a member of the Audit Committee and Chair of the Talent and Compensation Committee. The Board determined Mr. Gilliland is independent under applicable standards.

Key Details

• Mr. Arthur Gilliland, age 55, is currently CEO of Delinea, Inc. (since March 2021) and previously held senior roles at Broadcom/Symantec, Skyport (CEO), HP and others; he holds an economics degree from Carleton College and an MBA from Harvard.
• Cash compensation: $50,000 annual director retainer; $10,000 annual Audit Committee retainer; $25,000 annual Chair of Talent & Compensation retainer — paid quarterly and prorated for fiscal 2027.
• Equity awards: 6,250 RSUs (valued at $25,625) granted March 25, 2026 for expected service through the 2026 Meeting (vests at the 2026 Meeting or one year from grant, whichever is earlier); onboarding award of 25,000 RSUs (valued at $102,500) vesting in equal installments over 3 years (first tranche April 1, 2027).
• Mr. Gilliland entered the Company’s standard director indemnity agreement; no related-party arrangements or reportable transactions were disclosed.

Why It Matters

• This is a board-level leadership change: Skillsoft adds an experienced enterprise security and SaaS executive who will immediately serve on the Audit Committee and lead compensation oversight as Talent & Compensation Chair. For investors, the appointment signals the Board’s choice of experienced technology and security-sector leadership and outlines the near-term costs (cash retainers and equity awards) tied to the new director’s service. The filing is a routine disclosure under Item 5.02 of Form 8-K.