Coursera (NYSE: COUR) adds principal accounting officer role to CFO Michael Foley
Rhea-AI Filing Summary
Coursera, Inc. reported that its Board of Directors has designated Michael Foley, the company’s Senior Vice President, Chief Financial Officer, Treasurer and principal financial officer, to also serve as its principal accounting officer effective January 3, 2026. This means Foley will now oversee both the financial and accounting functions.
The company stated that Foley will not receive any additional compensation for taking on the principal accounting officer role. It also noted that there are no arrangements or understandings with other persons related to this designation, no family relationships with any director or executive officer, and no related‑party transactions requiring disclosure under Regulation S‑K.
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FAQ
What leadership change did Coursera (COUR) disclose?
Coursera disclosed that its Board designated Michael Foley, currently Senior Vice President, Chief Financial Officer, Treasurer and principal financial officer, to also serve as the company’s principal accounting officer effective January 3, 2026.
Will Coursera CFO Michael Foley receive additional pay for becoming principal accounting officer?
No. Coursera stated that Michael Foley will not receive additional remuneration as a result of being designated principal accounting officer.
When does Michael Foley’s role as Coursera’s principal accounting officer become effective?
Michael Foley’s designation as principal accounting officer becomes effective on January 3, 2026.
Does Coursera mention any special arrangements behind Michael Foley’s new designation?
The company stated there are no arrangements or understandings between Michael Foley and any other persons pursuant to which he was designated as principal accounting officer.
Are there any family or related‑party relationships tied to Coursera’s new principal accounting officer?
Coursera noted that Michael Foley has no family relationships with any director or executive officer and is not a party to any related‑party transaction requiring disclosure under Item 404(a) of Regulation S‑K.
Where can investors find Michael Foley’s background information?
The company stated that Michael Foley’s biographical information was previously disclosed in a report filed on November 17, 2025, and that information is incorporated by reference.