-----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, VN3Cq8BB3RTWooO1dPd7Li7tMzQByXe+Xi6dmne9ONqREA0JgJcQJGwalMiwxT9y Pi1i8Y0n5My7zjdKMNJLfA== 0001157523-05-006408.txt : 20050721 0001157523-05-006408.hdr.sgml : 20050721 20050721165727 ACCESSION NUMBER: 0001157523-05-006408 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050719 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050721 DATE AS OF CHANGE: 20050721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEVRY INC CENTRAL INDEX KEY: 0000730464 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 363150143 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13988 FILM NUMBER: 05966809 BUSINESS ADDRESS: STREET 1: ONE TOWER LN STREET 2: SUITE 1000 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60181 BUSINESS PHONE: 6305717700 MAIL ADDRESS: STREET 1: ONE TOWER LANE CITY: OAKBROOK STATE: IL ZIP: 60181 8-K 1 a4935770.txt DEVRY INC. 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) July 19, 2005 ------------------------ DeVRY INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-13988 36-3150143 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) ONE TOWER LANE, OAKBROOK TERRACE, IL 60181 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (630)571-7700 -------------------------- 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 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)) Total number of pages: 5 1 DEVRY INC. FORM 8-K INDEX Page No. Item 8.01 - Other Events 3 Item 9.01 - Financial Statements and Exhibits 3 Signatures 3 Exhibit Index 4 2 Item 8.01 - Other Events On July 19, 2005, the Company announced the signing of a definitive agreement to acquire Gearty CPE. Terms of the acquisition were not disclosed. The acquisition is not expected to have a material financial impact on DeVry's fiscal 2006 earnings. Gearty CPE, which operates in the New York/New Jersey metro area, is a provider of high quality continuing professional education (CPE) programs and seminars in accounting and finance predominantly serving chief financial officers and controllers of Fortune 500 companies. Item 9.01 - Financial Statements and Exhibits (c) - Exhibits Exhibit Number Description - ------ ----------- 99.1 Press release relating to the signing of a definitive agreement to acquire Gearty CPE dated July 19, 2005. 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 thereunto duly authorized. DEVRY INC. ------------- (REGISTRANT) Date: July 19, 2005 /s/Ronald L. Taylor ---------------------------------------- Ronald L. Taylor Chief Executive Officer Date: July 19, 2005 /s/Norman M. Levine ---------------------------------------- Norman M. Levine Senior Vice President and Chief Financial Officer 3 EXHIBIT INDEX Exhibit Sequentially Number Description Numbered Page - -------------------------------------------------------------------------------- 99.1 Press release relating to the signing of a definitive agreement to acquire Gearty CPE dated July 19, 2005. 5 4 EX-99.1 2 a4935770ex99.txt EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1 Becker Professional Review Enters CPE Business OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--July 19, 2005--Becker Professional Review, a division of DeVry Inc. (NYSE:DV), today announced that it has entered the continuing professional education (CPE) business through the acquisition of Gearty CPE by a DeVry Inc. subsidiary. Gearty CPE is a provider of high quality continuing professional education programs and seminars in accounting and finance predominantly serving financial officers and controllers of Fortune 500 companies in the New York/New Jersey metro area. Terms of the acquisition were not disclosed. The acquisition is not expected to have a material financial impact on DeVry's fiscal 2006 earnings. "This acquisition complements our existing CPA exam review business as it enables Becker to enter the continuing professional education marketplace and builds upon the Becker franchise," said Thomas J. Vucinic, vice president of DeVry Inc. and general manager of Becker Professional Review. "Combining Becker's highly-regarded brand name and instructional expertise with Gearty's high quality content offers us an excellent opportunity to secure new corporate training business." "These training seminars are a win-win for us," said Nick Cyprus, chief accounting officer for Interpublic Group, which has used Gearty CPE in the past. "Not only do we gain expertise on topics that are highly relevant to our business but we have been able to educate our entire accounting staff efficiently and effectively." Becker Professional Review is a professional education provider specializing in coursework for accounting and finance certification exams in more than 350 instructor-led classroom locations around the world, as well as via online and CD-ROM delivery. Becker Professional Review operates Becker CPA Review, the global leader in certified public accountant exam review programs. Becker Professional Review also operates the Stalla Review for the CFA Exams, one of the oldest and largest review providers for chartered financial analyst exams. Becker Professional Review is a division of DeVry Inc. (NYSE:DV), which owns and operates DeVry University, Ross University, and Deaconess College of Nursing. DeVry Inc. is based in Oakbrook Terrace, Ill. For more information about Becker CPA, visit http://www.beckerreview.com. For more information about Stalla's CFA review courses, visit http://www.stalla.com. Certain statements contained in this release, including those that affect DeVry's expectations or plans, may constitute forward-looking statements pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Potential risks and uncertainties include, but are not limited to, market conditions, dependence on student financial aid, state and provincial approval and licensing requirements, and the other factors detailed in the company's Securities and Exchange Commission filings, including those discussed under the heading "Risk Factors" in the Company's Registration Statement on Form S-3 (No. 333-22457) filed with the SEC. CONTACT: DeVry Inc. Joan Bates (Investors), 630-574-1949 or Dresner Corporate Services Sarah Komuniecki (Media), 312-780-7208 -----END PRIVACY-ENHANCED MESSAGE-----