Company: GHC
Filing Date: 2025-02-25
Form Type: 8-K
Source: 0000104889-25-000019
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Company: Graham Holdings Co
Filing Date: 2025-02-25
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 25, 2025, Jack Markell was elected to the Board of Directors of Graham Holdings Company (the “ Company”). Mr. Markell previously served as a Director of the Company from May 2017 through December 2021. The Board has not yet determined whether Mr. Markell will be a member of any committee of the Board. The Board determined that Mr. Markell qualifies as an "independent director" under New York Stock Exchange listing standards. There are no family relationships between Mr. Markell and any director or executive officer of the Company or any related party transactions involving Mr. Markell and the Company. There is no arrangement or understanding between Mr. Markell and any other person pursuant to which he was selected as a director. Mr. Markell’s compensation for service as a non-employee director will be consistent with that of the Company’s other non-employee directors, which consists of an annual cash retainer, a portion of which non-employee directors may elect to receive in the form of fully vested shares of the Company’s Class B common stock, and reimbursement of out-of-pocket expenses for the meetings that he attends. The Company's non-employee director compensation practices are described in the Proxy Statement for the Company's 2024 Annual Meeting of Stockholders filed with the Securities and Exchange Commission on March 26, 2024, under the heading "Director Compensation."

A copy of the Company's press release announcing the election of Mr. Markell is furnished as Exhibit 99.1 to the Form 8-K.

Item 9.01 Financial Statements and Exhibits.