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): November 30,
2007
___________________
Lincoln
Educational Services Corporation
(Exact
Name of Registrant as Specified in Charter)
___________________
|
New
Jersey
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000-51371
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57-1150621
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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200
Executive Drive, Suite 340
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07052
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|
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West
Orange, New Jersey 07052
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(Zip
Code)
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|
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(Address
of principal executive offices)
|
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
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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|
o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment
of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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(b) On
November 30, 2007, Steven W. Hart, a member of the Board of Directors
(the “Board”) of Lincoln Educational Services Corporation (the “Company”) since
1999, notified the Company of his decision to resign from the Board effective
immediately. Mr. Hart also served on the Company’s Compensation
Committee.
The
Company does not currently intend
to fill the vacancy created by Mr. Hart’s resignation.
A
copy of the Press Release announcing
Mr. Hart’s resignation is attached to this report as Exhibit 99.1 and is
incorporated herein by reference.
Item
9.01
Financial Statements and
Exhibits.
(d) Exhibits
99.1 Press
release issued by
Lincoln Educational Services Corporation dated December 3, 2007.
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.
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LINCOLN
EDUCATIONAL SERVICES CORPORATION
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Date: December
4, 2007
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By:
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/s/
Cesar Ribeiro
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Name:
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Cesar
Ribeiro
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Title:
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Senior
Vice President, Chief Financial Officer and
Treasurer
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||
Exhibit
99.1
Lincoln
Educational Services Corporation Announces the Resignation
of
Steven
W. Hart from its Board of Directors
West
Orange, N.J., December 3, 2007 -- Lincoln Educational Services Corporation
(Nasdaq: LINC) ("Lincoln") today announced that Steven W. Hart has resigned
from
Lincoln’s Board of Directors to devote more time to his other business
obligations. Mr. Hart is President of Hart Capital LLC. He
has served as a Director of Lincoln since 1999.
Commenting
on the announcement, Lincoln’s Chairman & CEO David F. Carney stated, “We
regretfully accept Steve’s resignation, but understand his desire to spend more
time on other business obligations. We thank him for his
contributions to Lincoln over the years and wish him all the best in the
future.”
Mr.
Hart
added, “It has been a privilege to serve on Lincoln’s Board for the past eight
and a half years. I am proud of my association and tenure with such a
well respected provider of post-secondary education.”
About
Lincoln Educational Services Corporation
Lincoln
Educational Services Corporation is a leading and diversified for-profit
provider of career-oriented post-secondary education. Lincoln offers
recent high school graduates and working adults degree and diploma programs
in
five principal areas of study: automotive technology, health sciences (which
includes programs for licensed practical nursing, medical administrative
assistants, medical assistants, dental assistants, and pharmacy
technicians), skilled trades, business and information technology and
hospitality services. Lincoln has provided the workforce with skilled
technicians since its inception in 1946. Lincoln currently operates
34 campuses in 17 states under five brands: Lincoln College of Technology,
Lincoln Technical Institute, Nashville Auto-Diesel College, Southwestern College
and Euphoria Institute of Beauty Arts and Sciences. Lincoln had a combined
average enrollment of approximately 18,185 students at September 30,
2007.
Statements
in this press release regarding Lincoln's business which are not historical
facts may be "forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements, see
"Risk Factors" in Lincoln's Form 10-K for the year ended December 31, 2006.
All
forward-looking statements are qualified in their entirety by this cautionary
statement, and Lincoln undertakes no obligation to revise or update this news
release to reflect events or circumstances after the date
hereof.
Contact:
Brad
Edwards
Brainerd
Communicators, Inc.
212-986-6667