Career Education Corporation (NASDAQ:CECO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March6, 2017, the Compensation Committee (the
Committee) of the Board of Directors of Career Education
Corporation (the Company) approved a revised performance
unit agreement form under the Career Education Corporation 2016
Incentive Compensation Plan (the 2016 Plan) to revise the
peer group used for the relative total stockholder return
(TSR) performance measure contained therein. The revised
form is attached as Exhibit 10.1. The terms of each award
are determined by the Committee in its sole discretion and will
be set forth in an individuals award agreement on the attached
form.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit Number |
Description of Exhibits |
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| 10.1 |
Form of Performance Unit Agreement under the Career Education Corporation 2016 Incentive Compensation Plan |
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About Career Education Corporation (NASDAQ:CECO)
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. The Company’s operating segments include CTU, AIU, Culinary Arts, Transitional Group, and Corporate and Other. Its University group consists of AIU and CTU, which serve students online with career-focused degree programs. Its Career Colleges Group consists of Culinary Arts and Transitional Group segments. The Culinary Arts segment includes Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu. Career Education Corporation (NASDAQ:CECO) Recent Trading Information
Career Education Corporation (NASDAQ:CECO) closed its last trading session up +0.05 at 8.23 with 320,413 shares trading hands.