Aspen Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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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.
(b)
On April 14, 2023, Aspen Group, Inc. (the “Company”) notified Robert Alessi, the Company’s Chief Accounting Officer, that his employment with the Company was being terminated, effective May 4, 2023, as a part of the Company’s ongoing efforts to reduce costs.
As a result of Mr. Alessi’s termination, Mr. Alessi’s Employment Agreement with the Company is also being terminated effective May 4, 2023. Pursuant to his Employment Agreement, Mr. Alessi is entitled to six months’ base salary in addition to any accrued and unpaid salary and other amounts, and full vesting of any previously granted equity awards. A copy of Mr. Alessi’s Employment Agreement was filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2021 filed on March 16, 2021.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Incorporated by Reference | Filed or Furnished | ||||||||
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document | |||||||||
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.
| ASPEN GROUP, INC. | |||
| Date: May 8, 2023 | By: | /s/ Michael Mathews | |
| Name: Michael Mathews | |||
| Title: Chief Executive Officer | |||