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 OfficersItem 5.02.
On December 8, 2016, the Compensation Committee (the “Committee”) of the Board of Directors of Career Education Corporation (the “Company”) approved revised compensation arrangements for Andrew Hurst, Senior Vice President – Colorado Technical University, a “named executive officer” (as such term is defined in Item 402(a)(3) of Regulation S-K) of the Company. The base salary for Mr. Hurst was increased to $360,000 effective immediately and his annual incentive and long term incentive target values were increased to 65% and 125% of base salary, respectively.
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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 down -0.13 at 10.37 with 531,139 shares trading hands.
