American Public Education Management

Management criteria checks 3/4

American Public Education's CEO is Angela Selden, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is $4.18M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 1.25% of the company’s shares, worth €4.33M. The average tenure of the management team and the board of directors is 2.8 years and 4.4 years respectively.

Key information

Angela Selden

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage	19.0%
CEO tenure	5.2yrs
CEO ownership	1.3%
Management average tenure	2.8yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Angela Selden's remuneration changed compared to American Public Education's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$10m
Jun 30 2024	n/a	n/a	US$4m
Mar 31 2024	n/a	n/a	-US$47m
Dec 31 2023	US$4m	US$795k	-US$53m
Sep 30 2023	n/a	n/a	-US$71m
Jun 30 2023	n/a	n/a	-US$70m
Mar 31 2023	n/a	n/a	-US$128m
Dec 31 2022	US$3m	US$826k	-US$115m
Sep 30 2022	n/a	n/a	-US$99m
Jun 30 2022	n/a	n/a	-US$96m
Mar 31 2022	n/a	n/a	US$15m
Dec 31 2021	US$3m	US$675k	US$18m
Sep 30 2021	n/a	n/a	US$15m
Jun 30 2021	n/a	n/a	US$18m
Mar 31 2021	n/a	n/a	US$25m
Dec 31 2020	US$3m	US$630k	US$19m
Sep 30 2020	n/a	n/a	US$17m
Jun 30 2020	n/a	n/a	US$13m
Mar 31 2020	n/a	n/a	US$11m
Dec 31 2019	US$2m	US$171k	US$10m

Compensation vs Market: Angela's total compensation ($USD4.18M) is above average for companies of similar size in the German market ($USD1.03M).

Compensation vs Earnings: Angela's compensation has been consistent with company performance over the past year.

CEO

Angela Selden (58 yo)

5.2yrs

Tenure

US$4,176,074

Compensation

Ms. Angela K. Selden has been Chief Executive Officer, President & Director at American Public Education, Inc. since September 23, 2019. Ms. Selden joined the American Public Education, Inc. in September 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Angela Selden	President	5.2yrs	US$4.18m	1.25% € 4.3m
Richard Sunderland	Executive VP & CFO	10.8yrs	US$1.40m	0.54% € 1.9m
Craig MacGibbon	Executive VP & Chief Information Officer	2.3yrs	US$857.62k	0.21% € 712.0k
Thomas Beckett	Senior VP	12.8yrs	US$847.16k	0.054% € 185.4k
Nuno Fernandes	President of American Public University	2.3yrs	US$1.31m	0.11% € 372.6k
Ryan Koren	Assistant Vice President of Investor Relations & Corporate Development	no data	no data	no data
Frank Tutalo	Director of Public Relations	no data	no data	no data
Steven Somers	Senior VP	4.4yrs	no data	no data
Karmela Gaffney	Senior VP & CMO	1.3yrs	no data	no data
Tanya Axenson	Senior VP & Chief Human Resource Officer	2.3yrs	no data	0.099% € 341.8k
Andy McShane	Senior Vice President of Engagement	2.8yrs	no data	no data
Gary Janson	Senior Vice President of Growth	no data	no data	no data

2.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 51A's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Angela Selden	President	5.2yrs	US$4.18m	1.25% € 4.3m
Eric Andersen	Independent Chairman	12.4yrs	US$200.00k	0.36% € 1.3m
Daniel Pianko	Independent Director	4.4yrs	US$215.00k	0.064% € 221.9k
James Kenigsberg	Independent Director	2.4yrs	US$150.00k	0.081% € 279.3k
Michael Braner	Independent Director	1.7yrs	US$144.89k	0.11% € 380.9k
William Robinson	Independent Director	8.4yrs	US$225.62k	0.25% € 858.4k
Granetta Blevins	Independent Director	4.4yrs	US$158.00k	0.31% € 1.1m
Anna Fabrega	Independent Director	2.5yrs	US$150.00k	0.16% € 538.2k

4.4yrs

Average Tenure

56yo

Average Age

Experienced Board: 51A's board of directors are considered experienced (4.4 years average tenure).

American Public Education Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €65k worth of stock

American Public Education, Inc., Annual General Meeting, May 17, 2024

Independent Director recently sold €127k worth of stock

American Public Education, Inc. Appoints Karmela Gaffney as Senior Vice President and Chief Marketing Officer

Independent Director recently sold €78k worth of stock

Insider recently sold €60k worth of stock

Recent updates

American Public Education, Inc. Provides Financial Guidance for the Fourth Quarter Ending December 31, 2024 and Updated Financial Guidance for the Full Year Ending December 31, 2024

Third quarter 2024 earnings released: EPS: US$0.041 (vs US$0.27 loss in 3Q 2023)

Investor sentiment improves as stock rises 18%

American Public Education, Inc. to Report Q3, 2024 Results on Nov 12, 2024

Investor sentiment improves as stock rises 16%

New major risk - Share price stability

Second quarter 2024 earnings released: US$0.066 loss per share (vs US$2.94 loss in 2Q 2023)

American Public Education, Inc. Provides Consolidated Financial Guidance for the Third Quarter Ending September 30, 2024; Reiterates Consolidated Financial Guidance for the Full Year Ending December 30, 2024

American Public Education, Inc. to Report Q2, 2024 Results on Aug 06, 2024

Insider recently sold €65k worth of stock

First quarter 2024 earnings released: US$0.058 loss per share (vs US$0.38 loss in 1Q 2023)

American Public Education, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2024 and Revises Earnings Guidance for the Full Year 2024

American Public Education, Inc. to Report Q1, 2024 Results on May 07, 2024

American Public Education, Inc., Annual General Meeting, May 17, 2024

Independent Director recently sold €127k worth of stock

American Public Education, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

Full year 2023 earnings released: US$2.94 loss per share (vs US$6.10 loss in FY 2022)

American Public Education, Inc. to Report Q4, 2023 Results on Mar 05, 2024

American Public Education, Inc. Appoints Karmela Gaffney as Senior Vice President and Chief Marketing Officer

Independent Director recently sold €78k worth of stock

American Public Education, Inc. (NasdaqGS:APEI) announces an Equity Buyback for $10 million worth of its shares.

Insider recently sold €60k worth of stock

New major risk - Share price stability

American Public Education, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings released: US$0.27 loss per share (vs US$0.20 loss in 3Q 2022)

American Public Education, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Second quarter 2023 earnings released: US$2.94 loss per share (vs US$5.83 loss in 2Q 2022)

American Public Education, Inc. Provides Earnings Guidance for the Three Months Ended June 30, 2023 and Six Months Ended June 30, 2023

American Public Education, Inc. to Report Q2, 2023 Results on Aug 08, 2023

American Public Education, Inc. Announces Executive Changes

American Public Education, Inc.(NasdaqGS:APEI) dropped from Russell 2000 Value-Defensive Index

First quarter 2023 earnings released: US$0.38 loss per share (vs US$0.28 profit in 1Q 2022)

High number of new directors

Independent Director recently bought €95k worth of stock

Full year 2022 earnings released: US$6.10 loss per share (vs US$0.98 profit in FY 2021)

American Public Education, Inc. announced that it has received $40 million in funding from Redwood Capital Management, LLC, MSD Partners, L.P.

High number of new directors

Third quarter 2022 earnings released: US$0.20 loss per share (vs US$0.014 loss in 3Q 2021)

American Public Education, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter and Full Year 2022

American Public Education, Inc. to Report Q3, 2022 Results on Nov 08, 2022

American Public Education, Inc. Provides Consolidated Earnings Guidance for the Second Half and Full-Year 2022

Second quarter 2022 earnings released: US$5.83 loss per share (vs US$0.028 profit in 2Q 2021)

American Public Education, Inc. Provides Consolidated Earnings Guidance for the Third Quarter of 2022

American Public Education, Inc. Announces Appointment of Craig MacGibbon as its Executive Vice President and Chief Information Officer

American Public Education, Inc. to Report Q2, 2022 Results on Aug 09, 2022

American Public Education, Inc. Announces Resignation of Patrik U. Dyberg as Executive Vice President and Chief Technology Officer, Effective July 29, 2022

American Public Education, Inc. Announces Executive Appointments

High number of new directors

American Public Education, Inc. Elects Anna M. Fabrega as Director

American Public Education, Inc. Elects Anna M. Fabrega as Director

American Public Education, Inc. Provides Earnings Guidance for the Second Quarter of 2022

First quarter 2022 earnings released: EPS: US$0.28 (vs US$0.50 in 1Q 2021)

American Public Education, Inc. to Report Q1, 2022 Results on May 10, 2022

American Public Education, Inc., Annual General Meeting, May 20, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

American Public Education, Inc. Provides Earnings Guidance for the First Quarter of 2022

American Public Education, Inc. to Report Q4, 2021 Results on Mar 02, 2022

Investor sentiment improved over the past week

Independent Director recently sold €105k worth of stock

Third quarter 2021 earnings released: US$0.014 loss per share (vs US$0.18 profit in 3Q 2020)

American Public Education, Inc. (NasdaqGS:APEI) completed the acquisition of Rasmussen College, Inc. from Renovus Capital Partners for $330 million.

American Public Education, Inc. (NasdaqGS:APEI) signed an agreement to acquire Substantially all the assets of Graduate School USA, Inc. for $1 million.

American Public Education, Inc. Provides Earnings Guidance for the Third Quarter 2021

Second quarter 2021 earnings released: EPS US$0.028 (vs US$0.45 in 2Q 2020)

Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.50 (vs US$0.16 in 1Q 2020)

American Public Education, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2021

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$1.27 (vs US$0.62 in FY 2019)