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)
September
4, 2012
______________
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, IL |
60515 |
|
(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 7.01. |
Regulation FD Disclosure. |
On September 4, 2012, DeVry Inc. (“DeVry”) announced that it had acquired Faculdade do Vale do Ipojuca (FAVIP), which is located in the state of Pernambuco, Brazil. FAVIP currently has approximately 5,000 students and offers more than 30 undergraduate and graduate programs at two campuses located in Caruaru, the state’s second largest city. The institution’s largest programs are in the areas of law, business, psychology and nutrition. FAVIP is one of the fastest growing institutions in the region.
FAVIP will become a part of DeVry Brasil, which currently operates Faculdades Fanor located in Fortaleza; AREA1 and Ruy Barbosa, both located in the city of Salvador; and FBV located in the city of Recife. Together these five institutions currently provide services to about 27,000 students and offer 29 undergraduate and 39 graduate programs, focusing on the areas of business, health, law and engineering.
A copy of DeVry’s press release announcing the acquisition is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this item.
Forward Looking Statements
Certain statements contained in this Current Report on Form 8-K and related press release furnished as Exhibit 99.1, 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 or its management “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “foresees,” “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, 2012. These forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, DeVry is not under any obligation to update any forward-looking information — whether as a result of new information, future events, or otherwise. You should not place undue reliance on forward-looking statements.
|
Item 9.01 |
Financial Statements and Exhibits. |
| 99.1 | Press Release dated September 4, 2012. |
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: |
September 4, 2012 |
By: |
/s/ Patrick J. Unzicker |
||
|
Patrick J. Unzicker |
|||||
|
Vice President, Finance and Chief Accounting Officer |
|||||
EXHIBIT INDEX
|
Exhibit |
Description | |
| 99.1 |
Press Release dated September 4, 2012 |
Exhibit 99.1
DeVry Acquires Faculdade do Vale do Ipojuca
Strengthening DeVry’s strong position in the fast-growing northeast Brazilian market
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--September 4, 2012--DeVry Inc. (NYSE:DV), a global provider of educational services, today announced that it has acquired Faculdade do Vale do Ipojuca (FAVIP), which is located in the state of Pernambuco. FAVIP currently has approximately 5,000 students and offers more than 30 undergraduate and graduate programs at two campuses located in Caruaru, the state’s second largest city. The institution’s largest programs are in the areas of law, business, psychology and nutrition. FAVIP is one of the fastest growing institutions in the region.
FAVIP will become a part of DeVry Brasil, which currently operates Faculdades Fanor located in Fortaleza; AREA1 and Ruy Barbosa, both located in the city of Salvador; and FBV located in the city of Recife. Together these five institutions currently provide services to about 27,000 students and offer 29 undergraduate and 39 graduate programs, focusing on the areas of business, health, law and engineering.
Northeast Brazil is the fastest growing region of the country. With GDP growth of 5.1 percent, the region’s employers have an overwhelming need for skilled workers. Private-sector institutions play a vital role in meeting this need, educating over half the region’s college students. Through the ongoing investments made in new programs, services and facilities, DeVry Brasil is well-positioned to meet the growing needs of this region.
“Brazil is a dynamic and growing country that provides significant growth opportunities for our organization,” said Daniel Hamburger, president and chief executive officer of DeVry Inc. “While our focus remains on returning DeVry University and the Carrington Colleges to growth, we are prudently investing in targeted opportunities that position us well in high growth areas of the world.”
The transaction will bring many benefits to the students and faculty of FAVIP, including sharing best practices with DeVry Brasil, investments in infrastructure and technology education, access to virtual libraries and research databases, and subsidized English language courses. Students will also have access to exchange programs and academic projects with students from the United States and other countries where DeVry has a presence.
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, American University of the Caribbean School of Medicine, 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