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): May 1, 2006

Apollo Group, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Arizona	0-25232	86-0419443
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
4615 East Elwood Street, Phoenix, Arizona		85040
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (480) 966-5394

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:

[  ]  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 Principal Officers; Election of Directors; Appointment of Principal Officers.

On May 1, 2006, Apollo Group, Inc. announced that the President of University of Phoenix, Dr. Laura Palmer Noone, will step down from her post on July 1, 2006, to spend more time with her family. Dr. Noone will serve as President Emerita for the University, and continue to represent the University on numerous academic policy boards.

The University announced that it will conduct a formal search for a permanent successor.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated May 1, 2006

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.

	Apollo Group, Inc.
May 1, 2006	By:	Kenda B. Gonzales
		Name: Kenda B. Gonzales
		Title: Chief Financial Officer, Secretary, and Treasurer

	Apollo Group, Inc.
May 1, 2006	By:	Daniel E. Bachus
		Name: Daniel E. Bachus
		Title: Chief Accounting Officer and Controller

	Apollo Group, Inc.
May 1, 2006	By:	Brian Mueller
		Name: Brian Mueller
		Title: President

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated May 1, 2006

EX-99.1

Apollo Group, Inc.
News Release

APOLLO GROUP, INC. ANNOUNCES
THE RETIREMENT OF DR. LAURA PALMER NOONE

Phoenix, Arizona, May 1, 2006 – Apollo Group, Inc. (Nasdaq:APOL) today announced that the President of University of Phoenix, Dr. Laura Palmer Noone, will step down from her post on July 1, 2006, to spend more time with her family. Dr. Noone will serve as President Emerita for the University, and continue to represent the University on numerous academic policy boards including the Arizona Private Postsecondary Board and the National Advisory Committee on Institutional Quality and Integrity.

Dr. Noone’s association with the University has spanned 19 years, from her first years as a faculty member, to director of academic affairs, to vice president for academic affairs and to president in 2000.

“We wish to express our appreciation to Laura for her many years of service and her unwavering focus on the mission of the University of Phoenix,” said Dr. John G. Sperling, interim Executive Chairman of the Board. “We are also delighted that we will continue to benefit from her broad range of institutional knowledge, as well as, her deep political and academic expertise in her new role as President Emerita.”

The University announced that it will conduct a formal search for a permanent successor.

Apollo Group, Inc. has been providing higher education programs to working adults for almost 30 years. Apollo Group, Inc., operates through its subsidiaries: The University of Phoenix, Inc., Institute for Professional Development, The College for Financial Planning Institutes Corporation, and Western International University, Inc. The consolidated enrollment in its educational programs makes it the largest private institution of higher education in the United States. It offers educational programs and services at 95 campuses and 159 learning centers in 39 states, Puerto Rico, Alberta, British Columbia, Netherlands, and Mexico.

For more information about Apollo Group, Inc. and its subsidiaries, call (800) 990-APOL or visit Apollo on the company website at: www.apollogrp.edu.

Company Contact:
Kenda B. Gonzales, CFO ~ (800) 990-APOL ~ kenda.gonzales@apollogrp.edu
Investor Relations Contact:
Janess Pasinski ~Apollo Group, Inc. ~ (800) 990-APOL, option 6 ~ janess.pasinski@apollogrp.edu
Press Contact:
Ayla Dickey ~ Apollo Group, Inc. ~ (480) 557-2952 ~ ayla.dickey@apollogrp.edu