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AI brief of an SEC Form 8-K · Cogent Communications Holdings (CCOI)

Cogent Communications extends CEO Schaeffer's employment agreement through 2028

Neutral Impact 4 of 5 leadership Written later

Cogent Communications amended CEO David Schaeffer's employment agreement on December 31, 2025, extending the term through December 31, 2028 and setting a new salary, cash incentive and equity award structure. The filing also discloses retention restricted stock awards to three other senior officers, which vest on January 1, 2029.

Key points

  • New annual salary of $1 million and target annual cash incentive capped at $1.25 million, paid only if EBITDA growth is above zero
  • Schaeffer received 229,657 time-vesting and 321,520 performance-vesting restricted shares for 2026, valued at $5 million and $7 million respectively
  • CFO Thaddeus G. Weed, Chief Legal Officer John B. Chang and Chief Revenue Officer Mark Andrew Harris each received 100,000 restricted shares retention awards

The filing

CompanyCogent Communications Holdings (CCOI)
Form8-K, current report
Filed with the SECJan 7, 2026, 4:03 PM ET
Accession number0001104659-26-001748

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.