Event Details
January 01, 2006
Description
Departure of KLC's Chief Executive Officer
Participants (1)
| Name | Type | Mentions | |
|---|---|---|---|
| KLC | person | 2 | View Entity |
Source Documents (2)
HOUSE_OVERSIGHT_024529.jpg
This document is a financial projection schedule for 'KLC OpCo' (likely Knowledge Learning Corporation) covering the years 2005 through 2011. It details EBITDA adjustments, including restructuring charges for the acquisitions of AER and KinderCare, and notes a $7.8 million payment related to the 2006 departure of the CEO. The document bears a House Oversight Bates stamp.
HOUSE_OVERSIGHT_024513.jpg
This document is a financial schedule (Page 80) titled 'KLC Consolidated' showing Pro Forma EBITDA adjustments for 2004 and 2005. It details costs associated with the acquisitions of AER and KinderCare, specifically focusing on restructuring charges ($29.4M in 2005), severance pay for closing the Golden, CO office, and 'parallel organization costs' of running duplicative infrastructures. It also notes a $7.8 million payment to KLC's departing CEO in 2006 and bears a House Oversight Bates stamp.
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