8-K

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 10, 2019 (June 4, 2019)

Laureate Education, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-38002	52-1492296
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

650 South Exeter Street

Baltimore, MD 21202

(Address of principal executive offices, including zip code)

(410) 843-6100

(Registrant’s telephone number, including area code)

Not Applicable

(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):

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))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value $0.004 per share	LAUR	The NASDAQ Stock Market LLC (Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   o

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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 10, 2019, Laureate Education, Inc. (the “Company”) announced that, after 17 successful years of helping to build the Company into a global leader in higher education, Ricardo Berckemeyer, President and Chief Operating Officer, has decided to leave the Company to pursue other interests. Mr. Berckemeyer is working closely with the Company to ensure a smooth transition of his responsibilities to other members of management and will continue to do so through July 15, 2019, or such earlier date as determined by the Company.

On June 10, 2019, the Company also announced that, following a strategic review of its organizational structure after learning of Mr. Berckemeyer’s decision to leave the Company, it has decided to eliminate the position of Chief Operating Officer and assign the responsibilities of this position to other executives of the Company.

On June 10, 2019, the Company announced that Jose Roberto Loureiro, Chief Executive Officer, Brazil, has decided to retire following nine years of outstanding service to the Company. Mr. Loureiro will remain employed and provide transition services through June 28, 2019, or such earlier date as determined by the Company.

At the time of this report, the Company has not yet entered into any compensation arrangements with Mr. Berckemeyer or Mr. Loureiro in connection with the announcements described above.

On June 10, 2019, the Company issued a press release announcing Mr. Berckemeyer’s departure from the Company and the retirement of Mr. Loureiro as Chief Executive Officer, Brazil. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

(d)   Exhibits.

Exhibit No.	Description
99.1	Press release issued by Laureate Education, Inc. on June 10, 2019

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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.

LAUREATE EDUCATION, INC.
By:	/s/ Victoria Silbey
Name:	Victoria Silbey
Title:	Senior Vice President, Secretary and Chief Legal Officer

Date: June 10, 2019

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EX-99.1

Exhibit 99.1

Laureate COO Ricardo Berckemeyer to Step Down After Helping Build Global Education Leader

Baltimore, MD, June 10, 2019 – Laureate Education Inc. (NASDAQ: LAUR) today announced that President and Chief Operating Officer Ricardo Berckemeyer has decided to leave the company after 17 successful years of helping build a global leader in higher education.

Commenting on this decision, Eilif Serck-Hanssen, Chief Executive Officer of Laureate, said, “on behalf of the Board of Directors, management team and employees around the world, I want to thank Ricardo for his tireless commitment to balance operational execution with superior student outcomes during his 17 years with Laureate. Ricardo has been an invaluable partner in simplifying and strengthening Laureate. His departure comes at a time when our more focused portfolio of institutions enables a more streamlined senior leadership structure. I will personally miss working with Ricardo and wish him all the best.”

Ricardo Berckemeyer, outgoing Chief Operating Officer, reflects, “my time at Laureate has been truly gratifying—from leading the organization’s efforts in accelerating and scaling its Latin American footprint over five times to leading a global team of remarkable and dedicated professionals,” said Mr. Berckemeyer. “I am grateful for having had the opportunity to help build an organization so committed to students and strong outcomes for all of its stakeholders. The company is in good hands and I wish my colleagues continued success.”

Separately, Laureate also announced that Jose Roberto (J.R.) Loureiro, Chief Executive Officer of Brazil, has announced his retirement from Laureate. Mr. Loureiro joined Laureate in 2010 as Brazil COO and assumed the role of Brazil CEO in 2012.

“We have greatly appreciated J.R.’s leadership in Brazil over the past nine years,” stated Mr. Serck- Hanssen. “During his time with Laureate, he has been successful in growing our Brazilian presence, including the recent launch of our differentiated Distance Learning offerings. We wish J.R. all the best in his retirement.”

Marcelo Cardoso, currently Laureate’s Chief Transformation Officer, will succeed Mr. Loureiro. Prior to leading transformation, Mr. Cardoso held a number of executive positions in Laureate Brazil, including the role of Chief Operating Officer. Mr. Cardoso is uniquely placed to take on leadership of this critical market, bringing both in-depth country knowledge, as well as a deep understanding of the value of the Laureate network.

“We are very pleased that Marcelo will assume responsibility for our operations in Brazil,” Mr. Serck- Hanssen said. “He is uniquely qualified to assume this role having served as the companywide Chief Transformation Officer and previously as Brazil COO.”

ABOUT LAUREATE EDUCATION, INC.

Laureate Education, Inc. is the largest international network of degree-granting higher education institutions, with more than 850,000 students enrolled at over 25 institutions with more than 150 campuses, which we collectively refer to as the Laureate International Universities network. Laureate offers high-quality, undergraduate, graduate and specialized degree programs in a wide range of academic disciplines that provide attractive employment prospects. Laureate believes that when our students succeed, countries prosper and societies benefit. This belief is expressed through the company’s philosophy of being ‘Here for Good’ and is represented by its status as a certified B Corporation® and conversion in 2015 to a Delaware public benefit corporation, a new class of corporation committed to creating a positive impact on society.

Media Contact:

Laureate Education, Inc.

Adam Smith

adam.smith@laureate.net

U.S.: +1 (443) 255 0724                                          

Source: Laureate Education, Inc.