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): September 25, 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 September 25, 2006, Apollo Group, Inc. announced via press release that the University of Phoenix Board of Directors has elected Dr. William (Bill) J. Pepicello as President of the University of Phoenix. Dr. Pepicello was also nominated for membership on the University’s Board of Directors.

Dr. Pepicello, 57, has been with University of Phoenix since 1995. He became acting President of University of Phoenix in June 2006 and was made Provost in January 2006. Dr. Pepicello was Vice Provost for Academic Affairs from 2003 to 2006 and Dean of the School of Advanced Studies from 2002 to 2003. From 2000 to 2002, Dr. Pepicello was the President of University of Sarasota. From 1995 to 2000, he was the Dean of the College of General and Professional Studies and also held the position of Vice President of Academic Affairs of University of Phoenix. Dr. Pepicello holds both Master and Doctorate degrees in Linguistics from Brown University and a Bachelors degree in Classics from Gannon University.
< br>A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated September 25, 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.
September 25, 2006	By:	Kenda B. Gonzales
		Name: Kenda B. Gonzales
		Title: Chief Financial Officer and Treasurer

	Apollo Group, Inc.
September 25, 2006	By:	Daniel E. Bachus
		Name: Daniel E. Bachus
		Title: Chief Accounting Officer and Controller

	Apollo Group, Inc.
September 25, 2006	By:	Brian Mueller
		Name: Brian Mueller
		Title: President

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated September 25, 2006

EX-99.1

Apollo Group, Inc.
News Release

APOLLO GROUP, INC. ANNOUNCES THE APPOINTMENT OF
DR. WILLIAM J. PEPICELLO AS
PRESIDENT OF UNIVERSITY OF PHOENIX

Phoenix, Arizona, September 25, 2006 – Apollo Group, Inc. (Nasdaq:APOL) today announced that the University of Phoenix Board of Directors has elected Dr. William (Bill) J. Pepicello as President of the University of Phoenix. Dr. Pepicello was also nominated for membership on the University’s Board of Directors.

“We are pleased that Bill Pepicello has accepted the position of President and board member of University of Phoenix,” said Brian Mueller, President of Apollo Group. “He has a proven academic record both outside and within the University of Phoenix. Dr. Pepicello started with the university in 1995 as a Dean and served most recently as Provost and Acting President. Following a nationwide search, we believe that he is the best candidate to fill this position.”

Dr. Pepicello, 57, has been with University of Phoenix since 1995. He became acting President of University of Phoenix in June 2006 and was made Provost in January 2006.  Dr. Pepicello was Vice Provost for Academic Affairs from 2003 to 2006 and Dean of the School of Advanced Studies from 2002 to 2003. From 2000 to 2002, Dr. Pepicello was the President of University of Sarasota.  From 1995 to 2000, he was the Dean of the College of General and Professional Studies and also held the position of Vice President of Academic Affairs of University of Phoenix. Dr. Pepicello holds both Master and Doctorate degrees in Linguistics from Brown University and a Bachelors degree in Classics from Gannon University.

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 97 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