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
24, 2016
______________
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 7.01 | Regulation FD Disclosure. |
On May 24, 2016, DeVry Education Group Inc. (“DeVry Group”) issued a press release announcing that its Board of Directors (the “Board”) has named Lisa Wardell chief executive officer of DeVry Group, effective May 24, 2016, and that Daniel Hamburger, formerly DeVry Group’s chief executive officer, is leaving DeVry Group to pursue other opportunities.
The full text of this press release is included in Exhibit 99.1 in this Form 8-K.
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 Education Group 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 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, 2015, and quarterly reports on Form 10-Q for the fiscal quarters ended September 30, 2015, December 31, 2015 and March 31, 2016.
These forward-looking statements are based on information as of May 24, 2016, 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 |
| 99.1 | Press Release dated May 24, 2016. |
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: |
May 24, 2016 |
By: |
/s/ Patrick J. Unzicker |
|
Patrick J. Unzicker |
|||
|
Vice President, Chief Accounting Officer and Treasurer |
|||
Exhibit 99.1
DeVry Education Group Names Lisa Wardell President and Chief Executive Officer
Board announces plans to accelerate global diversification of DeVry Education Group
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--May 24, 2016--The DeVry Education Group board of directors announced today that Lisa Wardell has been named chief executive officer of DeVry Group, effective May 24. Wardell was most recently executive vice president and chief operating officer of the RLJ Companies and is a director on the DeVry Group board. She succeeds Daniel Hamburger, who is leaving DeVry Group to pursue other opportunities.
Wardell has been a member of the DeVry Group board of directors since 2008, and has also chaired the audit and finance committee. Wardell’s experience leading transformative growth across a diverse portfolio of business sectors, as well as strategic and operational expertise, make her well positioned to accelerate DeVry Group’s global diversification strategy and lead its continued commitment to empowering students for career success.
“The board of directors believes that Lisa Wardell provides a strategic vision and roadmap for the rapid acceleration of DeVry Group’s diversification initiatives,” said Chris Begley, DeVry Group board chair. “Lisa is the right person to lead DeVry Group through this transformational period in higher education while remaining true to our mission of successful student outcomes."
“The board is indebted to Daniel for his 13 years of service to DeVry Group, particularly the past nine years in his role as CEO,” said Ron Taylor, co-founder of DeVry Education Group and current director. “Under his leadership, DeVry Group has transformed from primarily serving undergraduate and business school students in the United States to a global education provider – all while staying true to our mission of serving nontraditional students.”
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, Chamberlain College of Nursing, DeVry Brasil, DeVry University and its Keller Graduate School of Management, Ross University School of Medicine and Ross University School of Veterinary Medicine. These institutions offer a wide array of programs in healthcare, business, technology, accounting, finance and law. For more information, please visit www.devryeducationgroup.com.
Certain statements contained in this press release, including those that affect the expectations or plans of DeVry Education Group (“DeVry Group”), 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 their 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. Potential risks, uncertainties and other factors that could cause results to differ are described more fully in Item 1A, "Risk Factors," in DeVry Group’s Annual Report on Form 10-K for the fiscal year ended June 30, 2015 and in DeVry Group’s Form 10-Q for the fiscal quarter ended March 31, 2016. These forward-looking statements are based on information as of May 24, 2016, 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.
CONTACT:
DeVry Education Group
Ernie Gibble, 630-353-9920
Sr.
Director, Global Communications
egibble@devrygroup.com
or
Joan
Walter, 630-353-3800
Sr. Director, Investor Relations
jwalter@devrygroup.com