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)
November
25, 2013
______________
DEVRY
EDUCATION GROUP 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 November 25, 2013, David J. Pauldine, President of DeVry University, a part of DeVry Education Group Inc. (“DeVry Group”), informed DeVry Group of his decision to retire as President of DeVry University. Mr. Pauldine also informed DeVry Group that he intends to continue in his role until next year while DeVry Group conducts an internal and external search for his successor.
| Item 7.01 | Regulation FD Disclosure |
A copy of the news release issued by DeVry University on November 26, 2013 announcing Mr. Pauldine’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 Group’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 Group 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 Group’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 Group’s Annual Report on Form 10-K for the fiscal year ended June 30, 2013 and quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2013.
These forward-looking statements are based on information as of November 26, 2013, and DeVry Group 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 November 26, 2013
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 EDUCATION GROUP INC. |
||||
| (Registrant) | ||||
| Date: |
November 26, 2013 |
By: |
/s/ Patrick J. Unzicker |
|
|
Patrick J. Unzicker |
||||
|
Vice President, Finance and Chief Accounting Officer |
||||
EXHIBIT INDEX
|
Exhibit Number |
Description |
|
| 99.1 |
Press Release dated November 26, 2013 |
Exhibit 99.1
Pauldine to Retire as President of DeVry University
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--November 26, 2013--DeVry University announced today that David J. Pauldine plans to retire as president of the University, which is a part of DeVry Education Group. Pauldine is expected to continue in his role until fall 2014 while the organization conducts an internal and external search for his successor.
“I have always been attracted to organizations that are committed to doing things the right way; organizations that focus on academic quality and provide students with a solid return on their educational investment,” said Pauldine. “That’s what DeVry University is all about and why I am proud to be a part of it. I want to thank my colleagues across the organization for their unwavering focus on our students.”
Pauldine has more than 35 years in private sector higher education. His career started at DeVry University where he held a variety of positions from 1979 to 1988. In 1989, he joined Education Management Corporation where he had a 16-year career, primarily in educational leadership positions. He was president of The Art Institutes system of schools from 2000 to 2005. Pauldine returned to DeVry University in 2005 and has been president since 2006.
“Dave Pauldine has focused his entire career on students and their success," said Richard Rodriguez, chairman of the board of trustees of DeVry University. “He will be leaving DeVry University stronger, and even more committed to empowering its students than ever before."
The search for a new president is being conducted by Russell Reynolds Associates. For more information, contact Constantine Alexandrakis at 312-993-0744 or constantine.alexandrakis@russellreynolds.com.
About DeVry University
Founded in 1931, DeVry University is one of the largest, private sector universities in North America. The university’s mission is to foster student learning through high-quality, career-oriented education integrating technology, business, science and the arts. With more than 90 locations, DeVry University delivers practitioner-oriented undergraduate and graduate degree programs onsite and online that meet the needs of a diverse and geographically dispersed student population. Home to five colleges of study, including Business & Management, Engineering & Information Sciences, Health Sciences, Liberal Arts & Sciences, and Media Arts & Technology, DeVry University’s outstanding faculty members work in the fields that they teach, providing students with real-world experiences that prepare them for high-growth careers.
DeVry University is institutionally accredited by The Higher Learning Commission, http://www.ncahlc.org/. DeVry University is based in Downers Grove, Ill. For more information about DeVry University, find us on Twitter @DeVryUniv, Facebook /DEVRYUNIVERSITY or visit http://newsroom.devry.edu/.
About DeVry Education Group
The purpose of DeVry Education Group is to empower its students to achieve their educational and career goals. DeVry Education Group Inc. (NYSE: DV; member S&P MidCap 400 Index) is a global provider of educational services and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare, technology, accounting and finance. For more information, please call 630-353-3800 or visit www.devryeducationgroup.com.
CONTACT:
Media Contact:
DeVry University
Donna Shaults, (630)
353-9013
dshaults@devry.edu
or
Investor Contact:
DeVry
Education Group
Joan Bates, (630) 353-3800
jbates@devrygroup.com