-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VCLSsvfZ81vF3k/n71jb1F2QIeZsUv6A6sLIcIVDSnnoPnsR5G3fYs33UZAJn4aO JBcbz9vREVZ0gusooCmWUw== 0001144204-10-049351.txt : 20100914 0001144204-10-049351.hdr.sgml : 20100914 20100914171923 ACCESSION NUMBER: 0001144204-10-049351 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100914 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100914 DATE AS OF CHANGE: 20100914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EDUCATION MANAGEMENT CORPORATION CENTRAL INDEX KEY: 0000880059 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 251119571 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34466 FILM NUMBER: 101072160 BUSINESS ADDRESS: STREET 1: 300 SIXTH AVENUE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4125620900 MAIL ADDRESS: STREET 1: 300 SIXTH AVE CITY: PITTSBURGH STATE: PA ZIP: 15222 8-K 1 v196590_8k.htm Unassociated Document
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 14, 2010
 
Education Management Corporation
(Exact name of registrant as specified in its charter)
 
Pennsylvania
 
001-34466
 
25-1119571
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)
 
 
210 Sixth Avenue, Pittsburgh, Pennsylvania
 
15222
 
 
(Address of principal executive offices)
 
(Zip code)
 
 
Registrant's telephone number, including area code: (412) 562-0900
 
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.):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o  Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12) 
o
Pre-commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b))
o
Pre-commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e−4(c))
 

 
Item 8.01.
Other Events.
 
On September 14, Education Management Corporation issued a press release announcing the adoption of a 10b5-1 trading plan.  A copy of the September 14, 2010 press release is attached hereto as an exhibit and incorporated herein by reference.


Item 9.01 – Financial Statements and Exhibits

(a) 
None.

(b)
None.

(c)
None.

(d)
Exhibits
Exhibit 99.1 Press release dated September 14, 2010
 


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.
 
 
  EDUCATION MANAGEMENT CORPPORATION  
     
       
 
By:
/s/ J. Devitt Kramer  
    J. Devitt Kramer  
    General Counsel and Secretary  
       
Dated:  September 14, 2010


 
EXHIBIT INDEX
 
Exhibit No.
Description 
   
99.1  
Press release dated September 14, 2010



EX-99.1 2 v196590_ex99-1.htm

Education Management Corporation Announces Adoption of 10b5-1 Stock Repurchase Plan

PITTSBURGH, Sept. 14 /PRNewswire-FirstCall/ -- Education Management Corporation (Nasdaq: EDMC), one of the largest providers of post-secondary education in North America, announced today that it has adopted a Rule 10b5-1 plan (the "Plan") in connection with the $50 million share repurchase program that was announced by the Company on June 11, 2010.

The Plan allows for the repurchase of shares during the time when the Company's insider trading policy does not allow for the direct purchase of shares by the Company.  A broker selected by the Company will have the authority under the terms and limitations specified in the Plan to repurchase shares on the Company's behalf in accordance with the terms of the Plan. Repurchases are subject to SEC regulations as well as certain price, market, volume, and timing constraints specified in the Plan.

About Education Management

Education Management (www.edmc.com), with over 136,000 students as of October 2009, is among the largest providers of post-secondary education in North America, based on student enrollment and revenue, with a total of 101 locations in 31 U.S. states and Canada. We offer academic programs to our students through campus-based and online instruction, or through a combination of both. We are committed to offering quality academic programs and continuously strive to improve the learning experience for our students. Our educational institutions offer students the opportunity to earn undergraduate and graduate degrees and certain specialized non-degree diplomas in a broad range of disciplines, including design, media arts, health sciences, psychology and behavioral sciences, culinary, fashion, business, education, legal and information technology.

Cautionary Statement

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements typically contain words such as "anticipates," "believes," "estimates," "expects," "intends" or similar words indicating that future outcomes are not known with certainty and are subject to risk factors that could cause these outcomes to differ significantly from those projected.  Forward-looking statements include, but are not limited to, statements related to the Company's future operating and financial performance, and include statements regarding expected enrollment, revenue, expense levels, capital expenditures and earnings.  Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Cautionary statements identifying certain factors, but not all factors, that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings. Past results of Education Management are not necessarily indicative of its future results. Education Management does not undertake any obligation to update any forward-looking statements.

COMPANY CONTACT:

James Sober, CFA

Vice President, Finance

(412) 995-7684





CONTACT: James Sober, CFA, Vice President, Finance, Education Management Corporation, +1-412-995-7684

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