# EDGAR Filing Document

**Accession Number:** 0001157408
**File Stem:** 0001157523-23-000486
**Filing Date:** 2023-3
**Character Count:** 11464
**Document Hash:** 22ac503b8e8f645ff7e99067b36c3519
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001157523-23-000486.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001157523-23-000486

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stride, Inc.
- **CENTRAL INDEX KEY:** 0001157408
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **IRS NUMBER:** 954774688
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33883
- **FILM NUMBER:** 23761519

**BUSINESS ADDRESS:**
- **STREET 1:** 11720 PLAZA AMERICA DRIVE
- **STREET 2:** 9TH FLOOR
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190
- **BUSINESS PHONE:** 7034837000

**MAIL ADDRESS:**
- **STREET 1:** 11720 PLAZA AMERICA DRIVE
- **STREET 2:** 9TH FLOOR
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** K12 INC
- **DATE OF NAME CHANGE:** 20010813

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

### FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 27, 2023

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| |
|:---|
| **Stride, Inc.<br>**  |
| (Exact name of registrant as specified in its charter) |

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<u> Delaware </u> <u> 001-33883 </u> <u> 95-4774688 </u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

<u> 11720 Plaza America, 9th Floor, Reston, Virginia </u> <u> 20190 </u> <br> (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (703) 483-7000

  <br> Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share<br>| LRN<br>| New York Stock Exchange (NYSE) |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 5.02.** <br>| **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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On March 27, 2023, the Board of Directors (the "Board") of Stride, Inc. (the "Company") elected, upon the recommendation of the Nominating and Corporate Governance Committee of the Board (the "Nominating Committee"), Dr. Ralph Smith and Ms. Allison Lawrence to serve as members of the Board effective immediately. The Board also appointed Dr. Smith to serve as a member of the Nominating Committee and appointed Ms. Lawrence to serve as a member of the Compensation Committee of the Board (the "Compensation Committee"). In connection with the elections, the Board approved an increase in the size of the Board from eight members to ten members.

There are no arrangements or understandings between Dr. Smith or Ms. Lawrence and any other person pursuant to which Dr. Smith or Ms. Lawrence was selected as a director of the Company. Each of Dr. Smith and Ms. Lawrence will serve as a director of the Company until the next annual meeting of stockholders of the Company and until his or her respective successor is elected and qualified or until his or her earlier resignation, death or removal.

Each of Dr. Smith and Ms. Lawrence will be compensated in accordance with the Company's Amended Non-Employee Directors Compensation Plan (the "Plan") in effect from time to time. Based on the Plan, each of Dr. Smith and Ms. Lawrence will receive an annual award of restricted stock equivalent to $200,000, an annual cash retainer of $70,000 for service as a member of the Board, and an additional annual fee of $5,000 for service on the Nominating Committee and Compensation Committee, respectively, prorated for the period from the date of appointment to December 31, 2023.

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| | |
|:---|:---|
| **Item 7.01.** <br>| **Regulation FD Disclosure.** |

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On March 27, 2023, the Company issued a press release announcing the elections of Dr. Smith and Ms. Lawrence to the Board. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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| | |
|:---|:---|
| **Item 9.01.** <br>| **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

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| | |
|:---|:---|
| Exhibit No. | Description |
| [99.1](a53367387ex99_1.htm) | [Press release of Stride, Inc. dated March 27, 2023](a53367387ex99_1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | Stride, Inc. | Stride, Inc. |
| Date: March 27, 2023 | By: /s/ Vincent W. Mathis | By: /s/ Vincent W. Mathis |
|  | Name: | Vincent W. Mathis |
|  | Title: | Executive Vice President, General Counsel and<br> Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**<br>

# **Allison Lawrence and Ralph Smith Join Stride, Inc. Board of Directors** 
RESTON, Va.--(BUSINESS WIRE)--March 27, 2023--Stride, Inc. (NYSE: LRN)—a leading provider of innovative, high-quality, and tech-enabled education solutions—is pleased to announce that Allison Lawrence and Ralph Smith have been elected to the company's Board of Directors. Both will join the Board on Monday, March 27, 2023.

"We are thrilled to welcome Allison and Ralph to Stride's Board of Directors," said Craig Barrett, Stride's Board Chair. "Both Allison and Ralph bring a tremendous depth of expertise and experience to bear in helping guide the company."

For nearly 20 years, Allison Lawrence has worked for Stanley Black & Decker - a worldwide leader in tools and outdoor products. Currently, Lawrence serves as President of the company's global eCommerce business where she leads the strategic expansion of its online sales, direct-to consumer, digital media, and merchandising initiatives.

Prior to her current role, Lawrence held a number of executive leadership positions at Stanley Black & Decker including BLACK+DECKER Business President, Vice President and Chief of Staff to the CEO and various commercialization roles. Among her many accomplishments during her tenure, Lawrence led efforts that accelerated company-wide programs in ways that optimized return and delivered value for the company and continually placed Stanley Black & Decker's iconic brands front and center for its dedicated end users and customers.

Lawrence earned a Bachelor of Science degree in marketing from Oklahoma State University where she graduated magna cum laude. She also earned a Master of Business Administration from the University of Texas at Dallas.

"There's no higher mission than helping learners reach and exceed their expectations," said Lawrence. "I am proud to join the Stride family and help ensure students, families, and educators have the resources they need to succeed."

Ralph Smith is the Founding Managing Director of the Campaign for Grade-Level Reading: a collaborative effort supported by foundations, nonprofit partners, business leaders, and individual donors. This organization supports a network of 350+ communities in developing and implementing plans to ensure early schooling for children of economically challenged families.

Prior to his current position, Smith served as Executive Vice President of the Annie E. Casey Foundation where he also led the Making Connections initiative, a comprehensive effort to assist local communities committed to improving outcomes for families in disinvested communities. Smith served on the Foundation's senior leadership team for 22 years.

Additionally, as a member of the law faculty at the University of Pennsylvania, Smith taught corporations and securities law and education law and policy for two decades. He also served as Chief of Staff and Chief Operating Officer for the School District of Philadelphia and as a senior advisor to Philadelphia's mayor on children and family policy.

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Smith earned a Bachelor of Arts degree from Loyola University of Los Angeles and a law degree from the University of California, Los Angeles.

"Fostering student success has been at the center of my work to assure a more hopeful future for the next generation," Smith said. "Joining Stride's Board is an opportunity to continue and advance this aspiration in partnership with educators, schools, and communities across the country."

For more information about Stride, visit stridelearning.com.

 **About Stride, Inc.**

At Stride, Inc. (NYSE: LRN), we are reimagining learning—where learning is lifelong, deeply personal, and prepares learners for tomorrow. The company has transformed millions of people's teaching and learning experiences by providing innovative, high-quality, tech-enabled education solutions, curriculum, and programs directly to students, schools, the military, and enterprises in primary, secondary, and postsecondary settings. Stride is a premier provider of K-12 education for students, schools, and districts, including career learning services through middle and high school curriculum. For adult learners, Stride delivers professional skills training in healthcare and technology, as well as staffing and talent development for Fortune 500 companies. Stride has delivered millions of courses over the past decade and serves learners in all 50 states and more than 100 countries. More information can be found at stridelearning.com, K12.com, galvanize.com, techelevator.com, and medcerts.com.

## Contacts
Dana Still <br> Corporate Communications Director <br> dstill@K12.com