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Legacy Education Inc. (NYSE American: LGCY), a provider of educational services with a market capitalization of $88.4 million and impressive revenue growth of 33% over the last twelve months, has announced changes to its executive compensation arrangements, as reported in a recent SEC filing. According to InvestingPro data, the company maintains strong financial health with a "GREAT" overall score. On March 28, 2025, the company amended the contract of its CEO, LeeAnn Rohmann, resulting in a base salary increase to $415,000. The amendment includes performance-based incentives, offering a potential payout equal to her salary and up to 300% of her salary contingent upon meeting certain company performance criteria set by the Compensation Committee. The compensation changes come as the company’s stock has delivered a remarkable 78% return over the past year, trading at a P/E ratio of 14.9.
In a parallel move, the company has also formalized an employment agreement with Brandon Pope, who serves as Legacy Education’s Chief Financial Officer. Pope’s contract, effective the same day, sets his base salary at $300,000, with the opportunity for an annual bonus of up to the same amount, dependent on the achievement of specific performance targets.
The duration of Pope’s contract is two years, with automatic one-year renewals unless either party opts out. Should Pope be terminated without cause or resign for good reason, he is entitled to severance, including two years of base salary, health insurance premium reimbursements for the same period, and immediate vesting of any outstanding unvested equity awards.
These executive compensation updates align with Legacy Education’s efforts to incentivize its leadership in driving company performance. The detailed terms of these agreements are outlined in the accompanying exhibits to the SEC filing, which provide the basis for this report. InvestingPro analysis suggests the stock is currently trading slightly above its Fair Value, with additional metrics and insights available to subscribers.
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