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    Scott M. Shaw

    President and Chief Executive Officer (CEO) at Lincoln Educational Services Corp
    Board
    Since 2015
    Age
    62 years
    Education
    Holds a Bachelor of Arts from Duke University and a Master of Business Administration from the Wharton School of Business.
    Tenure
    Joined Lincoln Educational Services in 2001, serving in roles including Senior Vice President of Strategic Planning and Business Development, Executive Vice President and Chief Administrative Officer, and President and Chief Operating Officer before becoming President and Chief Executive Officer in 2015.

    Also at Lincoln Educational Services Corp

    BKM
    Brian K. Meyers
    Executive Vice President, Chief Financial Officer, and Treasurer
    CDN
    Chad D. Nyce
    Executive Vice President and Chief Operating Officer

    About

    Scott M. Shaw is an experienced executive with a strong background in financial and business management, having built his career at Lincoln Educational Services.

    He began his tenure with the company in 2001, holding several key roles that underscored his leadership capabilities and strategic focus, before assuming the role of President and Chief Executive Officer in 2015.

    He holds a Bachelor of Arts from Duke University and a Master of Business Administration from the Wharton School of Business, complementing his professional achievements with a solid educational foundation.

    $LINC Performance Under Scott M. Shaw

    Past Roles

    OrganizationRoleDate RangeDetails
    Lincoln Educational Services Corporation (LINC)President and Chief Operating OfficerN/A Held this position prior to his promotion to CEO
    Lincoln Educational Services Corporation (LINC)Executive Vice President and Chief Administrative OfficerN/A N/A
    Lincoln Educational Services Corporation (LINC)Senior Vice President of Strategic Planning and Business DevelopmentN/A N/A
    Stonington Partners, Inc.Partner1994-2001 Responsible for identifying, evaluating, acquiring, and overseeing companies
    Merrill Lynch Capital Partners Inc.Consultant1994-2000 Worked as a consultant at this private investment firm

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$650,000Annual (2024)2024 base salary
    Stock Awards (Time-Based)$1,973,387Vests ratably over 3 years124,740 shares; based on Dec 31, 2024 closing price of $15.82
    All Other Compensation$19,016As incurred in 2024Vehicle use: $7,823; Life insurance: $7,742; 401(k) match: $3,450
    Termination - Involuntary$7,450,813Upon involuntary terminationSeverance: $2,600,000; Fully vested stock awards: $4,826,745; Benefits: $24,068
    Termination - Change in Control$4,826,745Upon change in control terminationFully vested stock awards become exercisable
    Termination - Death/Disability$5,476,745Upon death or disability terminationSeverance: $650,000; Stock awards: $4,826,745

    Performance Compensation

    Data from  FY 2024

    Cash Incentive Compensation

    MetricValueAdditional Details
    Performance MetricAdjusted EBITDA Evaluated based on the Company’s adjusted EBITDA performance
    Target$650,000 100% of base salary
    Maximum (Cap)$1,300,000 200% of the incentive compensation target
    Actual Payout$688,629 105.9% of target due to exceeding the adjusted EBITDA goal
    Evaluation PeriodFiscal Year 2024 Determined in March following the fiscal year

    Performance-Based Restricted Stock Awards

    MetricValueAdditional Details
    Performance MetricAdjusted EBITDA Targets set by the Compensation Committee
    Vesting Schedule3 years Vesting occurs ratably over 3 years; vesting determination made annually in March for FY 2024-2026
    Grant DateFeb 22, 2024 Awards granted on this date
    Grant Date Fair Value$1,200,000 Aggregate grant date fair value for performance-based awards
    Grant Date Stock PriceNot specified No explicit grant date stock price provided
    Additional ConditionsN/A Catch-up targets applicable only to awards issued before Dec 31, 2023 (not applicable for 2024)