-----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, WH1lifxeWGykVw2sOCSdp/LpJFFFjr/X8/gLvCnK+XajJH4GR6tEkwFtY2xXWf8N tI6fOEE2dPxcwPUmrMG1Bw== 0001104659-06-060039.txt : 20060908 0001104659-06-060039.hdr.sgml : 20060908 20060908104914 ACCESSION NUMBER: 0001104659-06-060039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060907 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060908 DATE AS OF CHANGE: 20060908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAREER EDUCATION CORP CENTRAL INDEX KEY: 0001046568 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 363932190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 061080680 BUSINESS ADDRESS: STREET 1: 2895 GREENSPOINT STREET 2: SUITE 600 CITY: HOFFMAN ESTATES STATE: IL ZIP: 60195 BUSINESS PHONE: 8477813600 MAIL ADDRESS: STREET 1: 2800 WEST HIGGINS ROAD STREET 2: SUITE 790 CITY: HOFFMAN ESTATES STATE: IL ZIP: 60195 8-K 1 a06-19289_28k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

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):   September 7, 2006       

Career Education Corporation

 

 

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware

 

0-23245

 

36-3932190

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

 

 

 

 

 

2895 Greenspoint Parkway, Suite 600, Hoffman Estates, IL

 

60169

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

 

 

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

 

 

 

(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):

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

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

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

o   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 September 7, 2006, Sanford-Brown Institute’s (SBI) Springfield, Massachusetts school, which is owned by Career Education Corporation (the “Registrant”), issued a press release to announce plans to teach-out all of its programs.  A copy of the press release is attached hereto as Exhibit 99.1, and the information contained therein is incorporated herein by reference.

The information contained in this Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and it shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01       Financial Statements and Exhibits.

(d)   Exhibits

Exhibit
Number

 

 

Description of Exhibits

 

 

 

99.1

 

Press Release of Sanford-Brown Institute’s (SBI) Springfield, Massachusetts school, which is owned by the Registrant, dated September 7, 2006, announcing plans to teach-out all of its programs.

 

 

 

 




 

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/ Patrick K. Pesch

 

 

Patrick K. Pesch

 

 

 

 

Executive Vice President, Chief Financial

 

 

Officer and Assistant Secretary

 

 

 

 

 

 

 

 

 

 

 

 

Dated:   September 8, 2006

 

 

 

 

 

 

 

 




 

Exhibit Index

 

Exhibit
Number

 

 

Description of Exhibits

 

 

 

99.1

 

Press Release of Sanford-Brown Institute’s (SBI) Springfield, Massachusetts school, which is owned by the Registrant, dated September 7, 2006, announcing plans to teach-out all of its programs.

 

 

 

 



EX-99.1 2 a06-19289_2ex99d1.htm EX-99

 

Exhibit 99.1

FOR IMMEDIATE RELEASE

SANFORD-BROWN INSTITUTE IN SPRINGFIELD ANNOUNCES PLAN TO TEACH OUT PROGRAMS

Students to Graduate as Scheduled
Support Services Will Continue To Be Provided

Springfield, MA (September 7, 2006) — The Springfield, MA campus of Sanford-Brown Institute (SBI) today announced plans to “teach-out” all of its programs.  The school will employ a gradual teach-out process, enabling it to continue to operate while current students complete their programs.  The campus will no longer enroll new students and anticipates a final graduation date of October, 2007.

“The decision to teach out the campus was made because the local market no longer supports our having a school in this location,” said Brian Clancy, school president.  “We remain deeply committed to serving our students throughout this process, and we appreciate the support of our students, parents, and the local community.”

During the teach-out period, the campus will continue to operate with minimal disruption to current students, enabling them to complete their programs at the current location.  Student services, including externships, career services, and financial aid, will remain available until the last student graduates.  After the final graduation date, student services will be available to graduates at the school’s main campus in White Plains, New York.  The current student population at SBI-Springfield is approximately 185.

Media Inquiries:
Lynne Baker, 847-851-7006

 



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