Close

Form 8-K CAREER EDUCATION CORP For: Oct 07

October 13, 2015 8:31 AM EDT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 7, 2015

 

 

Career Education Corporation

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   0-23245   36-3932190

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

231 N. Martingale Rd., Schaumburg, IL   60173
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (847) 781-3600

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 7, 2015, Career Education Corporation (the “Company”) implemented several leadership changes in connection with the Company’s transformation strategy. Jason Friesen, Senior Vice President and Chief University Education Officer, and Lysa Clemens, Senior Vice President, Transitional Operations and Chief Transformation Officer, will be leaving the organization effective October 16, 2015. The Company thanks Mr. Friesen and Ms. Clemens for their dedicated service to our schools.

On October 13, 2015, the Company issued a press release announcing these and other management changes. A copy of the release is furnished herewith as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number

  

Description of Exhibit

99.1    Press release of the Company dated October 13, 2015

 

2


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

CAREER EDUCATION CORPORATION
By:  

/s/ Jeffrey D. Ayers

  Jeffrey D. Ayers
  Senior Vice President, General Counsel and Corporate Secretary

Dated: October 13, 2015

 

3


Exhibit Index

 

Exhibit

Number

  

Description of Exhibits

99.1    Press release of the Company dated October 13, 2015

 

4

Exhibit 99.1

 

LOGO

CAREER EDUCATION CORPORATION ANNOUNCES CHANGES IN SENIOR LEADERSHIP

Schaumburg, Ill. (October 13, 2015) - Career Education Corporation (NASDAQ: CECO) announced several senior leadership changes today in connection with the company’s continued execution of its transformation strategy. Within the Company’s University Group, John Kline will be joining the company as Senior Vice President-American InterContinental University (AIU) reporting to Todd Nelson, Chief Executive Officer (CEO) of the Company. Mr. Kline is an experienced executive in higher education, having held prior positions with several other companies in the industry. At Colorado Technical University (CTU), Andrew Hurst, the President of CTU, will also be named as Senior Vice President-Colorado Technical University and will be reporting to the CEO.

Within the company’s Transitional Group, Julia Leeman will be named Senior Vice President-Transitional, reporting directly to Mr. Nelson where she will continue to oversee the teach-outs of the transitional schools.

Jason Friesen, Senior Vice President and Chief University Education Officer, and Lysa Clemens, Senior Vice President, Transitional Operations and Chief Transformation Officer, will be leaving the organization.

“On behalf of everyone at Career Education, I wish to express our most sincere gratitude to Jason and Lysa for their dedicated service to our schools and wish them the best,” said Todd Nelson, Chief Executive Officer. “Their hard work and leadership have significantly contributed to the progress the company has made in its transformation.”

ABOUT CAREER EDUCATION CORPORATION

Career Education’s academic institutions offer a high-quality education to a diverse student population in a variety of disciplines through online, on-ground and hybrid learning programs. Our two universities – American InterContinental University (“AIU”) and Colorado Technical University (“CTU”) – provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. Both universities predominantly serve students online with career-focused degree programs that meet the educational demands of today’s busy adults. AIU and CTU continue to show innovation in higher education, advancing new personalized learning technologies like their intellipath™ adaptive learning platform that allow students to more efficiently move toward earning a degree by receiving course credit for knowledge they can already demonstrate. Career Education is committed to providing high-quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce.

A listing of individual campus locations and web links to Career Education’s institutions can be found at www.careered.com.

###

CONTACT

Investors:

Alpha IR Group

Sam Gibbons or Chris Hodges

(312) 445-2870

[email protected]

or


Media:

Career Education Corporation

(847) 585-2600

Media @careered.com

Source: Career Education Corporation



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings