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)
June
8, 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 June 8, 2011, Richard M. Gunst, Senior Vice President, Chief Financial Officer and Treasurer of DeVry Inc. (“DeVry”), informed DeVry of his decision to retire from DeVry. Mr. Gunst also informed DeVry that he will continue in his role while DeVry conducts an internal and external search for his successor and as long as necessary to ensure a smooth transition of duties.
| Item 7.01 | Regulation FD Disclosure |
A copy of the news release issued by DeVry on June 9, 2011 announcing Mr. Gunst’s decision to retire is included as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference.
The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.
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, 2010 and quarterly reports on Form 10-Q for the fiscal quarters ended September 30, 2010, December 31, 2010 and March 31, 2011.
These forward-looking statements are based on information as of June 8, 2011, 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 |
(d) Exhibits
99.1 Press Release dated June 9, 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: |
June 9, 2011 |
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 June 9, 2011 |
Exhibit 99.1
Gunst to Retire as Chief Financial Officer of DeVry
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--June 9, 2011--DeVry Inc. (NYSE:DV), a global provider of educational services, announced today that Richard M. Gunst intends to retire as chief financial officer of DeVry. Gunst will continue in his role as long as necessary to ensure a smooth transition of duties while DeVry conducts an internal and external search for his successor.
“Rick has been an outstanding CFO. Since joining our organization in 2006, he has lived DeVry’s values every day, and produced a long list of accomplishments that have served our organization, students, employees, and shareholders well,” said Daniel Hamburger, president and chief executive officer of DeVry. “By ensuring that we have the financial resources to invest in academic quality and student services, Rick has helped to position our organization for sustainable long-term growth. We wish him well and thank him for his strong leadership and dedication to our purpose.”
“I want to thank all of my colleagues, and especially those within the finance team, for their unwavering commitment during the past five years,” said Gunst. “Each day, our institutions help tens of thousands of students reach their educational and career goals. It has been an honor to serve these students and to help the organization meet our long-term goals. It is not an easy decision to retire, but I have always aspired to retire at a relatively young age in order to spend more time with my family, enjoy life, and give back to the community.”
The search for a new chief financial officer is being conducted by Russell Reynolds Associates. For more information, contact Jeremy Rickman at 312.993.0704 or jeremy.rickman@russellreynolds.com.
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.
CONTACT:
DeVry Inc.
Investor Contact:
Joan Bates, (630) 353-3800
jbates@devry.com
or
Media
Contact:
Larry Larsen, (312) 895-4717
llarsen@sardverb.com