RED OAK, Iowa (AP) -

A Red Oak high school principal has agreed to accept $100,000 in exchange for dropping an appeal of his dismissal.

The Daily Nonpareil reported Tuesday the Red Oak Community School District agreed to pay high school principal Jedd Sherman $100,000 by Aug. 1. Sherman agreed to drop an appeal of his firing and to resign.

Superintendent Terry Schmidt says the deal ends the dispute.

District officials haven't explained why they fired Sherman. He said the district wanted to fire him because he reported two cases of student bullying and wanted to remodel a restroom to comply with federal disability requirements.

The settlement doesn't stop a complaint Sherman and resident Don Rogerson filed with the Iowa Public Information Board, alleging the school board held unauthorized private sessions about the matter.