LINCOLN EDUCATIONAL SERVICES CORPORATION - Form 8-K

On December 19, 2025, Lincoln Educational Services Corporation entered into new employment agreements with key executives: Scott M. Shaw (CEO and President), Brian K. Meyers (EVP and CFO), Chad D. Nyce (EVP and COO), Alexandra M. Luster (SVP, General Counsel and Secretary), and Stephen E. Ace (SVP and Chief Human Resources Officer). These agreements extend their employment through December 31, 2028, superseding previous agreements set to expire on December 31, 2025. The new agreements maintain substantially similar terms, including continued roles and eligibility for annual performance bonuses. However, base salaries are adjusted effective January 1, 2026, with Mr. Shaw receiving $669,500, Mr. Meyers and Mr. Nyce each receiving $453,200, Ms. Luster receiving $317,474, and Mr. Ace receiving $309,000. These salaries may be increased at the discretion of the Board of Directors or its Compensation Committee. The agreements also detail provisions for termination, benefits, and restrictive covenants, including non-competition and non-solicitation clauses.