💰 Financial Record

payment

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Transaction Details

Amount

USD $7,800,000.0

Payer (From)

KSI Linked to KSI

Payee (To)

KLC CEO Linked to KLC

Transaction Date

January 01, 2006

Description

Payment pursuant to SARs in connection with the departure of KLC's CEO

Additional Details

Date string: 2006

Amount string: 7800000

Source document: HOUSE_OVERSIGHT_024513.jpg

📄 Source Document

HOUSE_OVERSIGHT_024513.jpg

ESTATE Collection

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Document Summary

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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