Cogent Communications Holdings Inc. has amended the employment agreement of Chief Executive Officer David Schaeffer, extending his term through December 31, 2028. Under the new terms, Schaeffer’s annual salary is set at $1 million, with a target annual cash incentive of up to $1.25 million, based on the company's annual EBITDA growth rate. If the EBITDA annual growth rate is zero or negative, no annual cash incentive will be paid. Additionally, Schaeffer is eligible for long-term equity awards that vest based on the company’s compound annual growth rate in EBITDA over a three-year performance period. The Board has also granted restricted stock awards of 100,000 shares each to Chief Financial Officer Thaddeus G. Weed, Chief Legal Officer John B. Chang, and Chief Revenue Officer Mark Andrew Harris.

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