Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) OnApril 14, 2023 ,Aspen Group, Inc. (the "Company") notifiedRobert Alessi , the Company's Chief Accounting Officer, that his employment with the Company was being terminated, effectiveMay 4, 2023 , as a part of the Company's ongoing efforts to reduce costs. As a result ofMr. Alessi's termination,Mr. Alessi's Employment Agreement with the Company is also being terminated effectiveMay 4, 2023 . Pursuant to his Employment Agreement,Mr. Alessi is entitled to six months' base salary in addition to any accrued and unpaid salary and other amounts, and full vesting of any previously granted equity awards. A copy ofMr. Alessi's Employment Agreement was filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the fiscal quarter endedJanuary 31, 2021 filed onMarch 16, 2021 .
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Filed or Exhibit Incorporated by Reference Furnished # Exhibit Description Form Date Number Herewith
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