GEO · The GEO Group, Inc.

Summary

The GEO Group, Inc. announced that CEO J. David Donahue will retire effective February 28, 2026, and Executive Chairman George C. Zoley will assume the CEO role effective March 1, 2026. Donahue will receive $104,167 monthly consulting fees through February 28, 2028, COBRA coverage, and continued vesting of equity awards; Zoley’s base salary is $1,200,000 with performance and equity incentives.

Key takeaways

• J. David Donahue, CEO, retiring effective February 28, 2026
• George C. Zoley appointed Chairman and CEO effective March 1, 2026 through April 2, 2029
• Donahue consulting fee: $104,167 per month from March 1, 2026 to February 28, 2028
• Donahue entitled to 18-24 months COBRA premium payments
• Donahue unvested stock options and restricted stock continue vesting per plan metrics
• Zoley annual base salary: $1,200,000; target bonus 200% of base; equity award at least 300% of base