Noticias y eventos de Stride Inc (LRN)LRNStride Inc

Stride Appoints New Board Members and Forms Capital Allocation Committee

Stride announced earlier that Dr. Steven Guttentag, who most recently served as Chief Executive Officer of EPS Learning, and Dylan Haggart, Founder, Managing Partner, and Chief Investment Officer of Fivespan Partners, will be appointed to the company's board this quarter. Stride also announced that its board s forming a new Capital Allocation Committee to evaluate its capital structure and capital allocation priorities. Stride's independent directors Brian Shepherd and Dylan Haggart will co-chair the committee. "As a part of the Committee's initial review, the Company will solicit input from shareholders on its capital allocation priorities and incorporate that feedback into the Committee's recommendations. Following completion of the Committee's initial review, which is expected to occur within the next three months, Stride will publicly announce its target capital structure and a clear framework for allocating future cash flows to maximize long-term value," the company said in a statement. Stride shares in early trading are up 4% to $84.53.

Stride Reports Q4 Revenue of $636.1M, Exceeds Consensus

Reports Q4 revenue $636.1M, consensus $627.3M. "I am pleased to lead Stride as we position the company for its next chapter of growth," said CEO Robert Knowlingr. "Building on Stride's strong foundation, we will continue to prioritize investments in curriculum, technology and support services to improve student outcomes and drive growth and value creation. I look forward to working alongside our talented team and leveraging our full breadth of capabilities to reach Stride's full potential."

Stride Appoints Robert Knowling as CEO

Stride announced the appointment of Robert Knowling, current independent member of the board of directors, as CEO, effective July 29. He succeeds James Rhyu, who has ceased serving as CEO and as a member and chair of the board. The board has appointed its lead independent director, Steven Fink, to serve as chair.