UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 17, 2020, Cogent Communications Holdings, Inc. (the “Company”) announced that, Thaddeus (Tad) Weed, its Chief Financial Officer (Principal Financial and Principal Accounting Officer), will be on a temporary medical leave of absence, effective immediately. Mr. Weed’s medical leave is not related to the COVID-19 novel coronavirus.
During Mr. Weed’s leave of absence, Jean-Michel Slagmuylder will serve as Acting Chief Financial Officer and Treasurer (Principal Financial and Principal Accounting Officer), effective immediately.
Mr. Slagmuylder, age 57, has served as the Company’s Chief Financial Officer – Europe since 2004. From 1999 to 2004, Mr. Slagmuylder served as Finance Manager for LNG Holdings SA, which was acquired by the Company in 2004.
Mr. Slagmuylder has an employment agreement under which he serves as Chief Financial Officer – Europe. Mr. Slagmuylder’s employment agreement entitles him to a base salary of 275,103 Euros, Mr. Slagmuylder may terminate his employment with the Company by giving two months’ written notice and the Company is required to provide three months’ written notice to terminate his employment. In the event the Company’s termination is without cause, Mr. Slagmuylder is entitled to three months of salary.
Mr. Slagmuylder’s compensation will not change in connection with this interim appointment.
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.
Cogent Communications Holdings, Inc. | |||
March 18, 2020 | By: | /s/ David Schaeffer | |
Name: David Schaeffer | |||
Title: President and Chief Executive Officer |