-----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, CTYkRsxUwQAS595esK/v5vuggVg9ruWQLXd//4/AuKJiruQSvIrL3xNvioecYYtq dz+uPIjC43bodg1zv1D5Hg== 0001157523-08-009708.txt : 20081205 0001157523-08-009708.hdr.sgml : 20081205 20081205102007 ACCESSION NUMBER: 0001157523-08-009708 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081204 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081205 DATE AS OF CHANGE: 20081205 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: 0629 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13988 FILM NUMBER: 081231383 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 a5846574.htm 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)

December 4, 2008

______________
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 December 4, 2008, DeVry Inc. issued a press release announcing the Company’s 2008 fall term enrollments at DeVry University.  The full text of that press release is included in Exhibit 99.1 in this Form 8-K.

Forward Looking Statements

Certain statements contained in this Form 8-K and related press release, including those that affect 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 “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “foresees,” “intends,” “plans” or other words or phrases of similar import.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause DeVry’s actual results to differ materially from those projected or implied by these forward-looking statements.  Additional information regarding factors that could cause results to differ can be found in DeVry’s Annual Report on Form 10-K for the fiscal year ended June 30, 2008.

These forward-looking statements are based on information as of December 4, 2008, and DeVry assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

Item 9.01     Financial Statements and Exhibits

99.1   Press Release dated December 4, 2008


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: December 4, 2008 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 December 4, 2008

EX-99.1 2 a5846574ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

DeVry Inc. Announces Fall 2008 Enrollment at DeVry University

Strong Enrollment Growth Trend Continues

OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--December 4, 2008--DeVry Inc. (NYSE: DV), a global provider of educational services, reported today its fall 2008 enrollment at DeVry University.

New undergraduate student enrollment for fall 2008 increased 19.7 percent to 15,811 students compared with 13,204 in the previous year. Total undergraduate student enrollment increased 16.9 percent to 52,146 students versus 44,594 in fall 2007.

Graduate coursetakers enrolled in master’s degree programs at DeVry University and its Keller Graduate School of Management increased 13.7 percent in November 2008 to 17,803, compared to 15,657 for the same period in 2007.

The total number of online undergraduate and graduate coursetakers in the November 2008 session increased 25.5 percent to 51,628 versus 41,128 in the same session a year ago.

“We delivered outstanding enrollment results at DeVry University in a challenging economic environment, driven by our focus on academic quality,” said Daniel Hamburger, president and chief executive officer of DeVry Inc. “At the same time, economic conditions and the continued mix shift toward online enrollments contributed to a decline in average course load per student. We plan to continue to make investments to support DeVry University’s strategy of improving student retention through academic quality and customer service, increasing real estate utilization and enhancing marketing and recruiting.”


Chart 1: DeVry Inc. CY2009 Scheduled Announcements

January 27, 2009       Fiscal 2009 second quarter earnings results
 
April 23, 2009 Fiscal 2009 third quarter earnings and most recent enrollment results:
DeVry University (Undergraduate and Graduate)

Keller Graduate School of Management

Ross University

Chamberlain College of Nursing

Apollo College and Western Career College

 
August 13, 2009 Fiscal 2009 full-year earnings and most recent enrollment results:
DeVry University (Undergraduate and Graduate)

Keller Graduate School of Management

Ross University

Chamberlain College of Nursing

Apollo College and Western Career College

 
October 27, 2009 Fiscal 2010 first quarter earnings and most recent enrollment results:
Keller Graduate School of Management

Ross University

Chamberlain College of Nursing

Apollo College and Western Career College

 
December 3, 2009 Most recent enrollment results:
DeVry University (Undergraduate and Graduate)

Keller Graduate School of Management

Chart 2: DeVry University Fall 2008 Enrollment Results

    Fall 2008   Fall 2007   Change
   
New undergraduate students1 15,811 13,204 +19.7 %
Total undergraduate students1 52,146 44,594 +16.9 %
 
November 2008   November 2007   Change
 
Graduate coursetakers 2, 3 17,803 15,657 +13.7 %
Online coursetakers 2, 4 51,628 41,128 +25.5 %

1 Includes both onsite and online students

2 The term “coursetaker” refers to the number of courses taken by a student. Thus one student taking two courses equals two coursetakers.

3 Includes Keller Graduate School of Management and other master’s programs offered at DeVry University

4 Includes all degree levels


About DeVry Inc.

DeVry Inc. (NYSE: DV) is the parent organization of DeVry University, Advanced Academics, Ross University, Chamberlain College of Nursing, U.S. Education 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. U.S. Education's programs, offered through Apollo College and Western Career College, prepare students for careers in healthcare through certificate and associate degree programs. 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, 2008 and filed with the Securities and Exchange Commission on August 27, 2008.

CONTACT:
DeVry Inc.
Investor Contact:
Joan Bates
jbates@devry.com
(630) 574-1949
or
Media Contact:
Larry Larsen
llarsen@sardverb.com
(312) 895-4717

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