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): July 8, 2014
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) |
Registrants 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 8.01. | Other Events. |
On July 8, 2014, Career Education Corporation (the Company) received notification that the Higher Learning Commission (HLC) acted to continue the accreditation of American InterContinental University (AIU). The next reaffirmation of accreditation is scheduled for 2023-2024. AIU will have a comprehensive evaluation in 2017-18 and was asked to provide two interim monitoring reports to HLC, which will be completed by the end of January 2015.
AIU issued a press release regarding the reaffirmation of accreditation by HLC on July 17, 2014, a copy of which is attached as Exhibit 99.1, and the information contained therein is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit Number |
Description of Exhibits | |
99.1 | Press release of American InterContinental University dated July 17, 2014 |
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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: July 17, 2014
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Exhibit Index
Exhibit Number |
Description of Exhibits | |
99.1 | Press release of American InterContinental University dated July 17, 2014 |
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Exhibit 99.1
Contact: Allison Mortland, AIU Phone: 847.585.3711 Email: AMortland@careered.com |
Higher Learning Commission Continues Accreditation for
American InterContinental University
Schaumburg, Ill. July 17, 2014 American InterContinental University (AIU) announced today that the principal accreditor of the university and its programs the Higher Learning Commission (HLC) has acted to continue its accreditation.
The next reaffirmation of accreditation is scheduled for 2023-2024. AIU will have a comprehensive evaluation in 2017-18 and has two interim monitoring reports due to HLC, which will be completed by the end of January 2015.
We are pleased the Higher Learning Commission extended our accreditation and appreciate the thoroughness, thoughtfulness and engagement of the commission during this extensive review, said Dr. George Miller, Chancellor and President of AIU. We are gratified that the commission affirmed the universitys ongoing compliance with its Criteria for Accreditation.
Accrediting organizations set the academic and operational standards by which their member institutions must comply. This quality assurance process is performed by private membership associations, like the Chicago-based Higher Learning Commission, which was founded in 1895 and is recognized by the U.S. Department of Education and the Council for Higher Education Accreditation.
AIU is a part of Career Education Corporation (NASDAQ: CECO), a provider of postsecondary education programs and services. For more information on AIUs accreditation by HLC and other entities, visit: http://www.aiuniv.edu/about/why-aiu/regional-accreditation.
About American InterContinental University:
Founded in Europe in 1970, American InterContinental University offers a wide range of undergraduate and graduate degrees in programs such as business, healthcare, IT, design, criminal justice and education at campuses in Atlanta and Houston and an Internet-based online campus headquartered in suburban Chicago. AIU is accredited by The Higher Learning Commission and a member of the North Central Association. Additional information is available at www.ncahigherlearningcommission.org.
AIU is a member of the Career Education Corporation network of universities, colleges and schools. For more information, visit www.aiuniv.edu. American InterContinental University cannot guarantee employment or salary. Not all programs are available to residents of all states. Find employment rates, financial obligations and other disclosures at www.aiuniv.edu/disclosures.
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