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Cogent Communications Holdings, Inc. – ‘10-Q’ for 6/30/14 – ‘EX-10.4’

On:  Thursday, 8/7/14, at 2:05pm ET   ·   For:  6/30/14   ·   Accession #:  1104659-14-58141   ·   File #:  0-51829

Previous ‘10-Q’:  ‘10-Q’ on 5/8/14 for 3/31/14   ·   Next:  ‘10-Q’ on 11/7/14 for 9/30/14   ·   Latest:  ‘10-Q’ on 5/9/24 for 3/31/24   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/07/14  Cogent Comms Holdings, Inc.       10-Q        6/30/14   50:4.9M                                   Toppan Merrill/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    471K 
 2: EX-10.3     Material Contract                                   HTML     20K 
 3: EX-10.4     Material Contract                                   HTML     23K 
 4: EX-10.5     Material Contract                                   HTML     25K 
 5: EX-10.6     Material Contract                                   HTML     25K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     18K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     18K 
33: R1          Document and Entity Information                     HTML     38K 
26: R2          Condensed Consolidated Balance Sheets               HTML    101K 
31: R3          Condensed Consolidated Balance Sheets               HTML     38K 
                (Parenthetical)                                                  
35: R4          Condensed Consolidated Statements of Comprehensive  HTML     73K 
                Income                                                           
46: R5          Condensed Consolidated Statements of Comprehensive  HTML     20K 
                Income (Parenthetical)                                           
27: R6          Consolidated Statements of Cash Flows               HTML     95K 
30: R7          Description of the business and recent              HTML     52K 
                developments                                                     
25: R8          Property and equipment                              HTML     21K 
19: R9          Long-term debt                                      HTML     62K 
47: R10         Commitments and contingencies                       HTML     24K 
37: R11         Income taxes                                        HTML     39K 
36: R12         Common stock buyback program                        HTML     19K 
41: R13         Dividends on common stock                           HTML     50K 
42: R14         Related party transactions                          HTML     22K 
40: R15         Segment information                                 HTML     50K 
43: R16         Description of the business and recent              HTML     53K 
                developments (Policies)                                          
32: R17         Description of the business and recent              HTML     32K 
                developments (Tables)                                            
34: R18         Long-term debt (Tables)                             HTML     47K 
39: R19         Income taxes (Tables)                               HTML     37K 
50: R20         Dividends on common stock (Tables)                  HTML     45K 
44: R21         Segment information (Tables)                        HTML     45K 
28: R22         Description of the business and recent              HTML     29K 
                developments (Details)                                           
38: R23         Description of the business and recent              HTML     41K 
                developments (Details 2)                                         
29: R24         Property and equipment (Details)                    HTML     23K 
18: R25         Long-term debt (Details)                            HTML    118K 
45: R26         Commitments and contingencies (Details)             HTML     21K 
48: R27         Income taxes (Details)                              HTML     29K 
22: R28         Common stock buyback program (Details)              HTML     31K 
21: R29         Dividends on common stock (Details)                 HTML     48K 
23: R30         Related party transactions (Details)                HTML     25K 
24: R31         Segment information (Details)                       HTML     29K 
49: XML         IDEA XML File -- Filing Summary                      XML     66K 
17: EXCEL       IDEA Workbook of Financial Reports                  XLSX     80K 
20: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    469K 
10: EX-101.INS  XBRL Instance -- ccoi-20140630                       XML    679K 
12: EX-101.CAL  XBRL Calculations -- ccoi-20140630_cal               XML    116K 
13: EX-101.DEF  XBRL Definitions -- ccoi-20140630_def                XML    634K 
14: EX-101.LAB  XBRL Labels -- ccoi-20140630_lab                     XML   2.38M 
15: EX-101.PRE  XBRL Presentations -- ccoi-20140630_pre              XML   1.15M 
11: EX-101.SCH  XBRL Schema -- ccoi-20140630                         XSD    158K 
16: ZIP         XBRL Zipped Folder -- 0001104659-14-058141-xbrl      Zip    148K 


‘EX-10.4’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 10.4

 

Amendment No. 6

 

to

 

Employment Agreement of David Schaeffer

 

This amendment is made by and between Cogent Communications, Inc. (the “Company”) and David Schaeffer (“Executive”).  It amends the employment agreement between the parties dated February 7, 2000 as amended through April 7, 2010.

 

The second and third sentences of section 2 are replaced with the following:

 

The term of employment under this Agreement (the “Term”) shall be for the period beginning on the Effective Date and ending on December 31, 2018, unless earlier terminated as provided in Section 6.

 

In section 5(a) the first sentence is replaced with the following:

 

Effective January 1, 2015 Executive shall not receive a cash salary, i.e. his Annual Base Salary shall be zero, for the term of this agreement.

 

Section 5(b) Bonus is replaced with the following:

 

Executive shall be entitled to a bonus based on the growth of revenue and EBITDA, as adjusted (as defined in the company’s earnings releases), of Cogent Communications Holdings, Inc. in each of 2015, 2016, and 2017 compared in each case to the prior year.  The bonus, if any, shall be calculated each year following filing of the company’s annual audited financial statements on Form 10-K, e.g. the first bonus, if any, will be paid in February 2016 based on 2015 results compared to 2014.  For each year the bonus shall be $250,000 if revenue growth equals or exceeds 15% and, separately, $250,000 if EBITDA, as adjusted, growth equals or exceeds 20%.  If the growth of the performance measure is less than the amount specified in the preceding sentence the bonus shall be reduced such that it is proportional to performance realized, e.g. if revenue growth is 7.5% then the bonus for revenue growth will be $125,000.  If the performance measure is zero or negative the bonus for that performance measure shall be zero.

 

Except as herein amended the Employment Agreement shall remain in full force and effect.

 

Accepted and Agreed to:

 

 

 

Cogent Communications, Inc.

 

 

 

 

 

 

/s/David Schaeffer

 

by:

/s/Robert N. Beury, Jr.

David Schaeffer

 

 

Robert N. Beury Jr.

In his individual capacity

 

 

Chief Legal Officer and VP

 

 

 

Cogent Communications, Inc. on behalf of the board of directors

 

 

 

Date: August 6, 2014

 

 

Date: August 6, 2014

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
12/31/1810-K
1/1/154
Filed on:8/7/144,  8-K
8/6/144
For Period end:6/30/14
4/7/108-K
2/7/00
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/29/24  Cogent Comms Holdings, Inc.       10-K       12/31/23   92:12M                                    Toppan Merrill/FA2
 2/24/23  Cogent Comms Holdings, Inc.       10-K       12/31/22   86:10M                                    Toppan Merrill/FA
 2/25/22  Cogent Comms Holdings, Inc.       10-K       12/31/21   90:10M                                    Toppan Merrill/FA
 2/26/21  Cogent Comms Holdings, Inc.       10-K       12/31/20   87:9.3M                                   Toppan Merrill/FA
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Filing Submission 0001104659-14-058141   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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