Covista Inc 8-K/A, filed May 14, 2021
Covista Inc. (CVSA)
8-K/A
2021-05-14
For: 2021-03-30
View Original
Added on
April 10, 2026
About this 8-K/A
Covista Inc filed this 8-K/A on May 14, 2021, reporting on events of March 30, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 30, 2021
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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(866 ) 374-2678
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
(b) On March 30, 2021, Adtalem Global Education Inc. (“Adtalem”) filed a Current Report on Form 8-K with the Securities and Exchange
Commission reporting that it had accepted the resignation of Michael O. Randolfi as Senior Vice President and Chief Financial Officer, effective as of April 24, 2021 and the appointment of Robert J. Phelan as Adtalem’s Interim Chief Financial Officer
effective as of such date. This Current Report on Form 8-K/A supplements the prior Form 8-K in certain respects.
On May 11, 2021, the Compensation Committee of the Board of Directors of Adtalem approved (i) a monthly stipend of $10,000 per month while Mr. Phelan is serving in the interim capacity to reflect his new position and expanded responsibilities as Interim Chief Financial Officer; (ii) an increase in the Management Incentive Plan Target for Mr. Phelan from 50 percent to 80 percent of Mr. Phelan’s base salary while he is serving as the Interim Chief Financial Officer; and (iii) a special one-time equity grant with a grant date value of $200,000. The equity grant will be delivered in the form of time-based restricted stock units and will vest 100 percent on the three-year anniversary of the grant date of May 12, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
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ADTALEM GLOBAL EDUCATION INC.
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By:
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/s/ Stephen W. Beard
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Stephen W. Beard
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Chief Operating Officer
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Date: May 14, 2021