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 8, 2014
Lincoln Educational Services Corporation
(Exact Name of Registrant as Specified in Charter)
|
New Jersey
(State or other jurisdiction of incorporation)
|
000-51371
(Commission File Number)
|
57-1150621
(I.R.S. Employer Identification No.)
|
||
|
|
|
|
||
|
200 Executive Drive, Suite 340
West Orange, New Jersey 07052
(Address of principal executive offices)
|
|
07052
(Zip Code)
|
Registrant’s telephone number, including area code: (973) 736-9340
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:
| 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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Effective September 8, 2014, Cesar Ribeiro, Executive Vice President and Chief Financial Officer of Lincoln Educational Services Corporation (the “Company”), has taken a temporary medical leave of absence. On September 11, 2014, the Company issued a press release announcing such action. Brian Meyers, Senior Vice President of Finance and Corporate Controller of the Company, has been appointed, effective September 8, 2014, to serve as Acting Principal Financial Officer and Acting Principal Accounting Officer during Mr. Ribeiro’s absence.
Mr. Meyers, 47, has served as the Company’s Senior Vice President of Finance and Corporate Controller since 2012. Prior to that, he served as the Company’s Vice President and Corporate Controller since 2003.
A copy of the press release is furnished herewith as Exhibit 99.1 and attached hereto. The information contained under this Item 5.02 in this Current Report on Form 8-K, including the exhibit attached hereto, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained under this Item 5.02 in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.
| Item 9.01 | Financial Statements and Exhibits |
| (c) | Exhibits |
| 99.1 | Press release of Lincoln Educational Services Corporation dated September 11, 2014. |
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.
|
|
LINCOLN EDUCATIONAL SERVICES CORPORATION
|
||
|
|
|
|
|
|
Date: September 11, 2014
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Kenneth M. Swisstack
|
|
|
|
|
Name:
|
Kenneth M. Swisstack
|
|
|
|
Title:
|
General Counsel
|
Exhibit 99.1
Lincoln Educational Services Corporation Chief Financial Officer
to Take Temporary Medical Leave of Absence
WEST ORANGE, N.J., September 11, 2014 -- Lincoln Educational Services Corporation (Nasdaq: LINC) (Lincoln) announced today that Chief Financial Officer Cesar Ribeiro is taking a medical leave of absence. Brian Meyers, Senior Vice President of Finance and Corporate Controller, will assume the role of Acting Principal Financial Officer and Acting Principal Accounting Officer until Mr. Ribeiro returns.
Shaun E. McAlmont, Lincoln’s Chief Executive Officer, also will work actively with Lincoln’s finance team during the leave to ensure all responsibilities are being met. “While Cesar will be missed during this temporary absence, I am confident that we will be able to effectively manage our financial reporting responsibilities. We extend our best wishes to Cesar for a full recovery and look forward to welcoming him back soon.”
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults degree and diploma programs in five principal areas of study: health sciences, automotive technology, skilled trades, hospitality services and business and information technology. Lincoln has provided the workforce with skilled technicians since its inception in 1946. Lincoln currently operates 33 campuses and 5 training sites in 15 states under 5 brands: Lincoln College of Technology, Lincoln Technical Institute, Euphoria Institute of Beauty Arts and Sciences, Lincoln College of New England and Florida Medical Training Institute. For more information, go to www.lincolnedu.com.
|
CONTACT:
|
Lincoln Educational Services Corporation
|
|
|
Shaun McAlmont, CEO
|
|
|
973-736-9340
|