-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UhzCBv4syHSBy6jfp/etFhSk/3mMHSgM9Vd24rzjgKDtgulcl5RCmfI+6DCK2GaD Ztj2hmIMc0xq99hyT733xQ== 0000950136-06-009967.txt : 20061201 0000950136-06-009967.hdr.sgml : 20061201 20061201163302 ACCESSION NUMBER: 0000950136-06-009967 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061130 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061201 DATE AS OF CHANGE: 20061201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRAYER EDUCATION INC CENTRAL INDEX KEY: 0001013934 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 521975978 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21039 FILM NUMBER: 061251676 BUSINESS ADDRESS: STREET 1: 1100 WILSON BLVD., SUITE 2500 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 703-247-2500 MAIL ADDRESS: STREET 1: 1100 WILSON BLVD., SUITE 2500 CITY: ARLINGTON STATE: VA ZIP: 22209 8-K 1 file1.htm


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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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) NOVEMBER 30, 2006

                             STRAYER EDUCATION, INC.
             (Exact name of registrant as specified in its charter)

                                    MARYLAND
                 (State or other jurisdiction of incorporation)

                  0-21039                                  52-1975978
          (Commission File Number)             (IRS Employer Identification No.)

1100 WILSON BOULEVARD, #2500, ARLINGTON, VA                  22209
  (Address of principal executive offices)                 (Zip Code)

                                 (703) 247-2500
              (Registrant's telephone number, including area code)

________________________________________________________________________________
          (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 8.01 Other Events

On November 30, 2006, Strayer Education, Inc. provided an update on actions by
The Middle States Commission on Higher Education regarding Strayer Education's
subsidiary Strayer University. For more information, please refer to the
November 30, 2006 press release, which is attached hereto as exhibit 99.01 and
incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.01 Press Release dated November 30, 2006


                                        2



SIGNATURES

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

                           Strayer Education, Inc.


Date: November 30, 2006    By: /s/ Mark C. Brown
                               -------------------------------------------------
                               Mark C. Brown
                               Senior Vice President and Chief Financial Officer


                                        3



                                  EXHIBIT INDEX

EXHIBIT   DESCRIPTION
- -------   ------------
99.01     Press Release dated November 30, 2006


                                        4

EX-99.01 2 file2.htm PRESS RELEASE


                                                                   EXHIBIT 99.01

FOR IMMEDIATE RELEASE

                                        FOR MORE INFORMATION CONTACT:

                                        Mark C. Brown, Senior Vice President and
                                        Chief Financial Officer
                                        (703) 247-2514

                                        Sonya Udler, Vice President,
                                        Corporate Communications
                                        (703) 247-2517
                                        sonya.udler@strayer.edu
                                        -----------------------

                      STRAYER EDUCATION PROVIDES UPDATE ON
                        MIDDLE STATES COMMISSION ACTIONS

ARLINGTON, Va., November 30, 2006 - Strayer University, a wholly owned
subsidiary of Strayer Education, Inc., (Nasdaq: STRA) is accredited by The
Middle States Commission on Higher Education through 2011. The University
recently completed a voluntary comprehensive self study report, which was
submitted to Middle States to support the University's request for an early
reaffirmation of accreditation, prior to Middle States' scheduled accreditation
review in 2011.

Middle States has reviewed the University's report and has requested additional
information on the implementation of three proposed improvements: changes to the
University's bylaws, hiring of additional full-time faculty, and testing
procedures to assess core competencies of incoming students. A follow up report
to Middle States is due March 1, 2007 to confirm implementation of the actions
the University has taken. The University's status as an accredited institution
remains unchanged as a result of Middle States' review, and the University
anticipates it will receive early re-accreditation approval by June 2007.

The Company reported that Middle States also approved the University's
previously announced two new campuses in the state of Kentucky, scheduled to
open for the winter 2007 term, as well as two new campuses in the Orlando,
Florida market that the University intends to open for the spring 2007 term. All
Strayer University new campus locations require Middle States approval, and
Middle States has indicated it will review the remainder of Strayer's planned
2007 openings upon completion of the reaffirmation process.

"We welcome Middle States' recommendations on our self study," said Robert S.
Silberman, Chairman and Chief Executive Officer of Strayer Education. "Our goal
is to provide a high quality post-secondary education to our working adult
students, and the Middle States academic peer review process is an important
part of meeting that goal. We appreciate the confidence that





Middle States has shown in us in approving our four new campuses planned for the
first half of 2007."

Strayer Education, Inc. (Nasdaq: STRA) is an education services holding company
that owns Strayer University and certain other assets. Strayer's mission is to
make higher education achievable and convenient for working adults in today's
economy. Strayer University is a proprietary institution of higher learning that
offers undergraduate and graduate degree programs in business administration,
accounting, information technology, education, and public administration to more
than 31,000 working adult students at 43 campuses in 10 states and Washington,
D.C., in the eastern United States and worldwide via the Internet through
Strayer University Online. Strayer University is committed to providing an
education that prepares working adult students for advancement in their careers
and professional lives. Founded in 1892, Strayer University is accredited by the
Middle States Commission on Higher Education.

For more information on Strayer Education, Inc. visit www.strayereducation.com
and for Strayer University visit www.strayer.edu.

                                      # # #

This press release contains statements that are forward looking and are made
pursuant to the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995 ("Reform Act"). The statements are based on the Company's
current expectations and are subject to a number of uncertainties and risks. In
connection with the Safe Harbor provisions of the Reform Act, the Company has
identified important factors that could cause the Company's actual results to
differ materially from those expressed in or implied by such statements. The
uncertainties and risks include the pace of growth of student enrollment, our
continued compliance with Title IV of the Higher Education Act, and the
regulations thereunder, as well as regional accreditation standards and state
and regional regulatory requirements, competitive factors, our ability to
implement our growth strategy, risks associated with the opening of new
campuses, risks associated with the offering of new educational programs and
adapting to other changes, risks associated with the acquisition of existing
educational institutions, risks relating to the timing of regulatory approvals,
and general economic and market conditions. Further information about these and
other relevant risks and uncertainties may be found in the Company's annual
report on Form 10-K and its other filings with the Securities and Exchange
Commission, all of which are incorporated herein by reference and which are
available from the Commission. We undertake no obligation to update or revise
forward looking statements.


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