2U,INC. (NASDAQ:TWOU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
2U,Inc. (the “Company”) files this Amendment No.1 on Form8-K/A (“Amendment No.1”) to amend and supplement the Company’s Current Report on Form8-K filed by the Company with the United States Securities and Exchange Commission on December10, 2018 (the “Prior Report”). The Prior Report announced that the Board had appointed Alexis Maybank to the Company’s Board of Directors (the “Board”), effective as of December4, 2018. At the time of the Prior Report, the Board had not made any determinations regarding committee assignments for Ms.Maybank.
The Company is filing this Amendment No.1 to report that the Board has appointed Ms.Maybank to the Audit Committee of the Board, effective immediately.
About 2U,INC. (NASDAQ:TWOU)
2U, Inc. is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program. Its clients use the Online Campus portion of its Platform to offer educational content, instructor-led classes averaging over 10 students per session in a live setting, accessible through Web-based and mobile applications. Its clients use the operations applications within its Platform to enable and support their online operations, and integrate those operations with their existing university systems.