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
2, 2011
______________
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.) |
|
3005 Highland Parkway Downers Grove, Illinois |
60515 |
|
(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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On May 2, 2011, DeVry Inc. announced the decision by Dr. Thomas Shepherd, DHA, to retire as president of Ross University. Dr. Shepherd will actively serve as president through the hiring and on-boarding of his successor.
Dr. Shepherd joined Ross shortly after it was acquired by DeVry in 2003. He has led the institution for more than six years and was one of the key architects of its successful integration into the DeVry family of schools. He led important initiatives, including recruiting highly qualified faculty, installing cutting-edge technology, advancing accreditation and making significant quality enhancements to improve student outcomes.
Item 7.01. Regulation FD Disclosure.
A copy of DeVry’s press release announcing the retirement of Dr. Shepherd is furnished as Exhibit 99.1 to this Report and is incorporated by reference into this item.
Item 9.01 Financial Statements and Exhibits.
99.1 Press Release dated May 2, 2011.
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: |
May 2, 2011 |
By: |
/s/ Richard M. Gunst |
|
Richard M. Gunst |
|||
|
Senior Vice President, Chief Financial Officer |
|||
|
and Treasurer |
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EXHIBIT INDEX
|
Exhibit |
Description | |
| 99.1 |
Press Release dated May 2, 2011. |
Exhibit 99.1
Dr. Thomas Shepherd To Retire As President of Ross University
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--May 2, 2011--DeVry Inc. (NYSE:DV), a global provider of educational services, today announced the decision by Thomas Shepherd, DHA, to retire as president of Ross University. Dr. Shepherd will actively serve as president through the hiring and on-boarding of his successor.
Dr. Shepherd joined Ross shortly after it was acquired by DeVry in 2003. He has led the institution for more than six years and was one of the key architects of its successful integration into the DeVry family of schools. He led important initiatives, including recruiting highly qualified faculty, installing cutting-edge technology, advancing accreditation and making significant quality enhancements to improve student outcomes.
“Tom’s leadership at Ross has had a tremendous impact,” said Bill Hughson, president of the Healthcare Group of DeVry Inc. “He has established a solid foundation and achieved significant advances, positioning the University for successful future development. We will miss Tom greatly, but we respect his decision to spend more time with his family.”
DeVry intends to conduct an executive search to fill the role being vacated by Dr. Shepherd.
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.
About Ross University
Ross University was founded in 1978 and is a provider of medical and veterinary education offering doctor of medicine and doctor of veterinary medicine degree programs. Located in Dominica, West Indies, the School of Medicine places more graduates into US residencies annually than any other medical school in the world and has clinical education centers in Miami, FL and Saginaw, MI. The School of Veterinary Medicine is located in St. Kitts, is accredited by the AVMA, and is affiliated with 22 AVMA-accredited US veterinary schools where students complete their clinical year.
Ross University’s administrative offices are located in North Brunswick, NJ. For more information about Ross University, visit www.RossU.edu or call 732.509.4600/877.ROSS.EDU.
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, (630) 353-3800
jbates@devry.com
or
Media
Contact:
Susan Haeger, (732) 509-4600, ext 3618
shaeger@rossu.edu