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0001774675
0001774675
2024-07-24
2024-07-24
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 2024
Skillsoft Corp.
(Exact name of registrant as specified in its charter)
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Delaware
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001-38960
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83-4388331
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(State or other
jurisdiction of
incorporation)
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(Commission File
Number)
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(I.R.S. Employer
Identification No.)
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7887 E. Belleview Ave, Suite 600
Greenwood Village, CO 80111
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(Address of principal executive offices)
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(603) 821-3902
Registrant’s telephone number, including area code
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):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol
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Name of each exchange on which
registered
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Class A common stock, $0.0001 par value per share
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SKIL
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New York Stock Exchange
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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 Arrangements of Certain Officers.
Skillsoft Corp. (the “Company”) approved a discretionary retention cash payment in the amount of $200,000 to Apratim Purakayastha, the Company’s General Manger, Talent Development Solutions. This retention payment is made pursuant to, and subject to the terms of, a Transition Award Agreement entered into by the Company and Mr. Purakayastha on July 24, 2024, a form of which is filed hereto as Exhibit 10.1.
The foregoing description of the retention payment does not purport to be complete and is qualified in its entirety by reference to the form of Transition Award Agreement, filed hereto as Exhibit 10.1.
Item 9.01. Financial Statement and Exhibits.
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Exhibit No.
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Description
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10.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURE
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.
Dated: July 26, 2024
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SKILLSOFT CORP.
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By:
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/s/ Richard George Walker
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Richard George Walker
Chief Financial Officer
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