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): March 27, 2008
___________________
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)
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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
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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)
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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
8.01
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Other
Events
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On April 1, 2008, Lincoln Educational
Services Corporation (the “Company”) issued a press release announcing that the
Board of Directors of the Company has authorized the repurchase of up to one
million shares of the Company’s common stock. A copy of the press
release announcing the share repurchase program is attached to this report as
Exhibit 99.1 and is incorporated by reference herein.
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Item
9.01
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Financial Statements
and Exhibits
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(d)
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Exhibits
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Press
release issued by Lincoln Educational Services Corporation on April 1,
2008.
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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.
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LINCOLN
EDUCATIONAL SERVICES CORPORATION
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Date: April
1, 2008
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By:
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/s/ Cesar Ribeiro
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Name: Cesar
Ribeiro
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Title: Senior
Vice President, Chief Financial Officer and
Treasurer
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Exhibit
99.1
Lincoln
Educational Services Corporation
Announces
Share Repurchase Program
West Orange, New Jersey, April
1, 2008 – Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”)
announced today that its board of directors has authorized the repurchase of up
to 1,000,000 of its outstanding common shares over a period of one
year.
The
purchases will be made in the open market or in privately negotiated
transactions from time to time as permitted by securities laws and other legal
requirements. The timing, manner, price and amount of any repurchases
will be determined by Lincoln in its discretion and will be subject to economic
and market conditions, stock price, applicable legal requirements and other
factors. The program may be suspended or discontinued at any
time.
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, 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 17,687 students as of December 31,
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, 2007. 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
212-986-6667