-----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, TSOfB5KqsuNlmgTMXRauYIOxz7GP5wKYqRBoayXJ4ipWo2N6Lug6L43HmgauqzZN h5ff7w23Kx91rrM7wzzqNA== 0001157523-07-010887.txt : 20071107 0001157523-07-010887.hdr.sgml : 20071107 20071107120316 ACCESSION NUMBER: 0001157523-07-010887 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071107 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071107 DATE AS OF CHANGE: 20071107 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: 071220326 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 a5540310.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) November 7, 2007 ----------------------- DEVRY INC. (Exact name of registrant as specified in its charter) ----------------------- Delaware 1-13988 36-3150143 (State of incorporation) (Commission File Number) (IRS Employer Identification No.) One Tower Lane, Suite 1000 Oakbrook Terrace, Illinois 60181 (Address of principal executive offices) (Zip Code) (630) 571-7700 (Registrant's telephone number, including area code) N/A (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 7, 2007, DeVry Inc. announced at its annual meeting of shareholders that its board of directors approved a 20 percent dividend increase, raising its annual dividend rate from $0.10 to $0.12 per share. Payable on a semi-annual basis, the next dividend of $0.06 will be paid on January 4, 2008, to common stockholders of record as of December 14, 2007. This announcement follows the November 15, 2006, adoption of a dividend policy and declaration of a semi-annual dividend of $0.05 per share. The policy of the board of directors is that any payment of dividends will be at the discretion of the board of directors and will be dependent on the earnings and financial requirements of the Company and other factors as the board of directors deems relevant. Item 9.01 Financial Statements and Exhibits 99.1 Press Release dated November 7, 2007 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. DEVRY INC. (Registrant) Date: November 7, 2007 By: /s/ Richard M. Gunst ------------------------------------ Richard M. Gunst Senior Vice President, Chief Financial Officer and Treasurer ================================================================================ EXHIBIT INDEX Exhibit Number Description - -------------- -------------------------------------------------------- 99.1 Press Release dated November 7, 2007 EX-99.1 2 a5540310ex991.txt EXHIBIT 99.1 Exhibit 99.1 DeVry Inc. Increases Dividend 20 Percent OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--Nov. 7, 2007--DeVry Inc. (NYSE:DV), a global provider of educational services, announced today at its annual meeting of shareholders that its board of directors approved a 20 percent dividend increase, raising its annual dividend rate from $0.10 to $0.12 per share. Payable on a semi-annual basis, the next dividend of $0.06 will be paid on January 4, 2008, to common stockholders of record as of December 14, 2007. This announcement follows the November 15, 2006, adoption of a dividend policy and declaration of a semi-annual dividend of $0.05 per share. "The increased dividend indicates the board's continued confidence in DeVry's long-term growth prospects and reflects our strong balance sheet and commitment to building shareholder value," said Daniel Hamburger, president and CEO of DeVry Inc. To view management's presentation at the annual meeting, interested parties may access a replay available via webcast at this link: http://www.talkpoint.com/viewer/starthere.asp?pres=119428. DeVry will archive this webcast through November 21, 2007. About DeVry Inc. DeVry Inc. (NYSE: DV) is the parent organization of DeVry University, Ross University, Chamberlain College of Nursing and Becker Professional Review. DeVry University, which includes Keller Graduate School of Management, offers associate, bachelor's and master's degree programs in technology, healthcare technology, business and management. Advanced Academics provides online secondary education to school districts throughout the U.S. Ross University offers doctoral degree programs through its schools of Medicine and Veterinary Medicine. Chamberlain College of Nursing offers associate and bachelor's degree programs in nursing. Becker Professional Review, which includes Becker CPA Review and Stalla Review for the CFA Exams, provides professional education and exam review for accounting and finance professionals. For more information, visit http://www.devryinc.com. Certain statements contained in this release concerning DeVry's future performance, including those statements concerning DeVry's expectations or plans, may constitute forward-looking statements subject to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as DeVry Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Actual results may differ materially from those projected or implied by these forward-looking statements. Potential risks, uncertainties and other factors that could cause results to differ are described more fully in Item 1A, "Risk Factors," in the Company's most recent Annual Report on Form 10-K for the year ending June 30, 2007 and filed with the Securities and Exchange Commission on August 24, 2007. CONTACT: DeVry Inc. Investor Contact: Joan Bates, 630-574-1949 jbates@devry.com or Dresner Corporate Services Media Contact: David Gutierrez, 312-780-7204 dgutierrez@dresnerco.com -----END PRIVACY-ENHANCED MESSAGE-----