| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Offices; Compensatory Arrangements of Certain Officers. |
Effective as of March 14, 2022, Michele M. Meyers was appointed as Vice President Accounting, and Chief Accounting Officer of Coursera, Inc. (“Coursera”). In connection with her appointment, Ms. Meyers was also designated as Coursera’s principal accounting officer.
Ms. Meyers, age 42, most recently served as Chief Accounting Officer of Black Knight, Inc. (NYSE: BKI) (“BKI”), a provider of software solutions, data, and analytics to the mortgage and consumer loan, real estate, and capital markets verticals, from February 2019 to March 2022, and as BKI’s Treasurer from April 2019 to March 2022. Ms. Meyers previously served as BKI’s Vice President, Finance and Controller from March 2015 to February 2019. From July 2012 to January 2015, Ms. Meyers served as Vice President and Corporate Controller of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS), an integrated service provider and marketplace for the real estate and mortgage industries. Ms. Meyers began her career with Deloitte & Touche LLP, where she held various titles of increasing responsibility, last serving in the role of Audit Senior Manager. Ms. Meyers earned a bachelor’s degree in accounting from the University of West Florida and is a certified public accountant.
Ms. Meyers has entered into a contract of employment with Coursera, pursuant to which she will receive an annual base salary of $330,000, a signing bonus of $45,000, and be eligible to receive an annual target bonus equal to 30% of her base salary. Ms. Meyers will also receive a restricted stock unit award valued at $3 million, which will vest over a four-year period with twenty-five percent of the award vesting on Coursera’s first quarterly vesting date following the one-year anniversary of Ms. Meyers start date and six-and-a-quarter percent of the award vesting on each quarterly vesting date thereafter, subject to her continued employment.
In connection with her appointment as Chief Accounting Officer, Coursera expects to enter into its form of indemnification agreement with Ms. Meyers. Ms. Meyers is eligible to participate in the Company’s Executive Severance Plan, as amended on February 8, 2022, which may provide severance benefits to Ms. Meyers in the event that she is terminated without cause in connection, or not in connection, with a change of control. Ms. Meyers has no family relationships with any director, executive officer, or person nominated or chosen by Coursera to become a director or executive officer of Coursera. Ms. Meyers is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
