Education Management (EDMC) to Delay 10-K Filing

Education Management (NASDAQ: EDMC) will delay its 10-K filing with U.S. SEC. The company provided the following narrative:

"We are unable to timely file our Report on Form 10-K for the fiscal year ended June 30, 2014 without unreasonable effort or expense due to unresolved comments from the Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) related to our revenue recognition and related bad debt reserve recorded upon student withdrawals from school. We intend to file our June 30, 2014 Form 10-K upon resolution of these remaining comments raised by SEC."

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