Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - LINCOLN EDUCATIONAL SERVICES CORP | ex99_1.htm |
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 3, 2016
Lincoln Educational Services Corporation
(Exact Name of Registrant as Specified in Charter)
|
New Jersey
|
000-51371
|
57-1150621
|
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(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:
| ☐ | 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 2.02 | Results of Operations and Financial Condition |
On May 5, 2016, Lincoln Educational Services Corporation (the “Company”) issued a press release announcing, among other things, its results of operations for the first quarter ended March 31, 2016. A copy of the press release is furnished herewith as Exhibit 99.1 and attached hereto. The information contained under this Item 2.02 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 2.02 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 5.07 | Submission of Matters to a Vote of Security Holders |
On May 3, 2016, the Company held its 2016 Annual Meeting of Shareholders. At the Annual Meeting, the Company’s shareholders voted on the following proposals:
Proposal Number 1: To elect the following 7 individuals named in the Company’s proxy statement as directors of the Company for a one-year term which will expire at the 2017 Annual Meeting of Shareholders and until their successors are duly elected and qualified. Each nominee for director was elected by a vote of the shareholders as follows:
|
Nominee
|
Votes For
|
Votes Withheld
|
Broker Non-
Votes
|
|
Alvin O. Austin
|
14,362,613
|
779,725
|
6,891,511
|
|
Peter S. Burgess
|
14,362,813
|
779,525
|
6,891,511
|
|
James J. Burke, Jr.
|
14,624,563
|
517,775
|
6,891,511
|
|
Celia H. Currin
|
14,358,606
|
783,732
|
6,891,511
|
|
Ronald E. Harbour
|
14,361,706
|
780,632
|
6,891,511
|
|
J. Barry Morrow
|
14,242,872
|
899,466
|
6,891,511
|
|
Scott M. Shaw
|
14,172,872
|
969,466
|
6,891,511
|
Proposal Number 2: To approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement. The proposal was approved by a vote of the shareholders as follows:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-
Votes
|
|
13,728,059
|
1,400,975
|
13,304
|
6,891,511
|
Proposal Number 3: To approve an amendment to the Company’s 2005 Non-Employee Directors Restricted Stock Plan to increase the number of shares available for grant under the plan. The proposal was approved by a vote of the shareholders as follows:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-
Votes
|
|
9,196,614
|
5,928,330
|
17,394
|
6,891,511
|
Proposal Number 4: To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2016. The proposal was approved by a vote of the shareholders as follows:
|
Votes For
|
Votes Against
|
Abstained
|
Broker Non-
Votes
|
|
21,890,443
|
27,662
|
115,744
|
-0-
|
|
Item 9.01
|
Financial Statements and Exhibits
|
|
(d)
|
Exhibits
|
|
Press release of Lincoln Educational Services Corporation dated May 5, 2016.
|
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: May 5, 2016
|
|||
|
By:
|
/s/ Alexandra M. Luster | ||
|
Name:
|
Alexandra M. Luster
|
||
|
Title:
|
General Counsel
|
||