American Public Education, Inc. (NASDAQ:APEI) Files An 8-K Other Events
Item 8.01. Other Information.
On December 9, 2019, American Public Education, Inc. (the “Company”) announced that its board of directors has authorized a program to repurchase up to an additional $25.0 million of shares of the Company’s common stock. The share repurchases are subject to market conditions, applicable legal requirements and other factors. The repurchases may be made in open market transactions or privately negotiated transactions. The authorization does not obligate the Company to acquire any shares, and repurchases may be commenced or suspended at any time based on market conditions and other factors that the Company deems appropriate.
About American Public Education, Inc. (NASDAQ:APEI)
American Public Education, Inc. is a provider of online and on-campus postsecondary education. The Company’s segments include American Public Education Segment (APEI Segment), which consists of the operational activities of APUS, other corporate activities and minority investments, and Hondros College of Nursing Segment (HCON Segment), which consists of the operational activities of HCON. APUS provides online postsecondary education directed primarily at the needs of the military and public safety communities. APUS is an online university that includes American Military University (AMU) and American Public University (APU). HCON provides nursing education to students at approximately four campuses in the State of Ohio, as well as online, to serve the needs of the nursing and healthcare communities. HCON offers a Diploma in Practical Nursing and an Associate Degree in Nursing at its Ohio campuses, which are located in the suburban areas of Cincinnati, Columbus, Dayton and Cleveland.