0001193125-17-181674.txt : 20170524 0001193125-17-181674.hdr.sgml : 20170524 20170524161603 ACCESSION NUMBER: 0001193125-17-181674 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170523 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20170524 DATE AS OF CHANGE: 20170524 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: 17866854 BUSINESS ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 8477813600 MAIL ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 8-K 1 d404567d8k.htm FORM 8-K Form 8-K

 

 

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): May 23, 2017

 

 

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 North Martingale Road

Schaumburg, IL

   60173
(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):

 

☐ 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

The Company held its Annual Meeting of Stockholders on May 23, 2017 and the following matters were voted on at that meeting:

 

(1) The Company’s stockholders voted as follows to elect eight directors to the Company’s Board of Directors:

 

Directors:

    Votes For:      Against:      Abstain:      Broker Non-Votes:  

Dennis H. Chookaszian

      51,851,583        1,484,542        32,726        7,715,729  

Kenda B. Gonzales

      53,167,855        148,196        52,800        7,715,729  

Patrick W. Gross

      51,906,046        1,430,335        32,470        7,715,729  

Gregory L. Jackson

      52,688,507        647,572        32,772        7,715,729  

Thomas B. Lally

      52,967,332        368,777        32,742        7,715,729  

Todd S. Nelson

      53,011,999        324,126        32,726        7,715,729  

Leslie T. Thornton

      52,847,763        488,362        32,726        7,715,729  

Richard D. Wang

      52,658,704        657,347        52,800        7,715,729  

 

(2) The Company’s stockholders approved, on a nonbinding advisory basis, the executive compensation paid by the Company to its named executive officers, by the votes set forth in the table below:

 

Votes For:

   

Against:

   

Abstain:

   

Broker Non-Votes:

43,026,982

    10,331,476    10,393    7,715,729

 

(3) The Company’s stockholders recommended, on a nonbinding advisory basis, an annual frequency of holding a nonbinding stockholder advisory vote on the executive compensation paid by the Company to its named executive officers, by the votes set forth in the table below:

 

1 Year:

   

2 Years:

   

3 Years:

   

Abstain:

   

Broker Non-Votes:

39,522,893

    1,565,972    12,276,273    3,713    7,715,729

In light of such vote, the Company will hold a nonbinding stockholder advisory vote on executive compensation on an annual basis until the next required vote on the frequency of such nonbinding stockholder advisory vote or until the Company’s Board of Directors otherwise determines that a different frequency for such vote is in the best interests of the Company’s stockholders.

 

(4) The Company’s stockholders voted as follows to ratify the selection of Grant Thornton LLP as the independent registered public accounting firm to audit the Company’s financial statements for the year ended December 31, 2017:

 

Votes For:

   

Against:

   

Abstain:

   

Broker Non-Votes

61,068,893

    10,040    5,647    0

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: May 24, 2017