-----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, Kc85B34PsxOsX119d7Rc9ESgNNZuTiBV1AnBnoelpaIctLVZ8Lj07pZosHHUUOcb b15qjwkBdxJ34EOb5OzAIw== 0001157523-10-007211.txt : 20101207 0001157523-10-007211.hdr.sgml : 20101207 20101207083523 ACCESSION NUMBER: 0001157523-10-007211 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101207 ITEM INFORMATION: Other Events FILED AS OF DATE: 20101207 DATE AS OF CHANGE: 20101207 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: 0811 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13988 FILM NUMBER: 101235627 BUSINESS ADDRESS: STREET 1: 3005 HIGHLAND PARKWAY CITY: DOWNERS GROVE STATE: IL ZIP: 60515 BUSINESS PHONE: 6305157700 MAIL ADDRESS: STREET 1: 3005 HIGHLAND PARKWAY CITY: DOWNERS GROVE STATE: IL ZIP: 60515 8-K 1 a6536081.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 7, 2010
______________

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) 515-7700
(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 7, 2010, DeVry Inc. issued a press release announcing its 2010 fall enrollments at DeVry University, including its Keller Graduate School of Management, Chamberlain College of Nursing and the Carrington Colleges Group. 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, 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, 2010.

These forward-looking statements are based on information as of December 7, 2010, 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.



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 7, 2010 By:

/s/ Richard M. Gunst

Richard M. Gunst

Senior Vice President, Chief Financial Officer
and Treasurer

EX-99.1 2 a6536081ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

DeVry Inc. Announces Fall 2010 Enrollment

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--December 7, 2010--DeVry Inc. (NYSE: DV), a global provider of educational services, today reported its fall 2010 enrollment at DeVry University, including its Keller Graduate School of Management as well as at Chamberlain College of Nursing and at the Carrington Colleges Group, which comprises Carrington College and Carrington College California. The results are as follows:

           
2010     2009     % Change
DeVry University
Undergraduate(1)
New students 17,983 18,878 (4.7)%
Total students 73,543 64,003 +14.9%
 
Graduate coursetakers(1)(2)(3) – November 23,199 20,734 +11.9%
 
Online coursetakers(2)(4) – November 76,473 63,264 +20.9%
 
Chamberlain College of Nursing(1)
New students 2,981 2,100 +42.0%
Total students 8,862 5,617 +57.8%
 
Carrington Colleges Group – November
New students 4,595 5,688 (19.2)%
Total students 10,942 11,695 (6.4)%

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 degree programs offered at DeVry University
4 Includes all degree levels at DeVry University


Enrollments at DeVry University, Keller Graduate School of Management and Chamberlain College of Nursing were in-line with previously announced expectations. However, new student enrollment at the Carrington Colleges declined more than anticipated in October and November as the result of fewer adult students entering into programs driven by lower inquiry volume and conversion. To address this issue, Carrington is in the process of shifting its focus from brand awareness associated with the recent name change to more direct response communications. Carrington is also making additional investments in its website interface and admissions processes to better serve prospective students.

"In the coming years, the strong demand for quality education will continue to grow in the United States and around the world. DeVry provides a key part of the solution by providing capacity and access so our students can achieve their educational and career goals,” said Daniel Hamburger, president and chief executive officer of DeVry Inc. “While we experienced lower demand at some of our colleges during this enrollment period, we remain well-positioned through our diverse family of schools and programs should these trends continue. We have strategies in place to address areas where we can improve and remain confident in our ability to meet our long term performance goals.”

DeVry will report financial results for its fiscal 2011 second quarter after the close of the market on Jan. 25, 2011, with a conference call to follow at 3:30 p.m. Central Standard Time.


 

Chart 1: DeVry Inc. Calendar 2011 Announcements & Events

   
Jan. 25, 2011 Fiscal 2011 Second Quarter Results (no enrollment)
 
Apr. 26, 2011 Fiscal 2011 Third Quarter Earnings and Spring Enrollment
 
DeVry University
Chamberlain College of Nursing
Ross University
Carrington Colleges Group
DeVry Brasil
 
Aug. 11, 2011 Fiscal 2011 Year-End Results and Summer Enrollment
 
DeVry University
Chamberlain College of Nursing
Ross University
Carrington Colleges Group
 

Oct. 25, 2011

Fiscal 2012 First Quarter Results and Enrollment

 
DeVry University (graduate only)
Ross University
DeVry Brasil
 
Dec. 6, 2011 Most recent enrollment results; press release, no conference call
 
DeVry University
Chamberlain College of Nursing
Carrington Colleges Group
 


About DeVry Inc.

DeVry's purpose is to empower its students to achieve their educational and career goals. DeVry (NYSE: DV, member S&P 500 Index) is a global provider of educational services and the parent organization of Advanced Academics, Becker Professional Education, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, and Ross University Schools of Medicine and Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare and technology. DeVry’s institutions serve students in secondary through postsecondary education and professionals in accounting and finance. For more information, please call 630.353.3800 or 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 DeVry's most recent Annual Report on Form 10-K for the year ending June 30, 2010 and filed with the Securities and Exchange Commission on August 25, 2010.

CONTACT:
DeVry Inc.
Investor Contact:
Joan Bates
jbates@devry.com
(630) 353-3800
or
Media Contact:
Larry Larsen
llarsen@sardverb.com
(312) 895-4717

-----END PRIVACY-ENHANCED MESSAGE-----