Grand Canyon Education,Inc. (NASDAQ:LOPE) Files An 8-K Financial Statements and Exhibits
Item 9.01 of Form8-K not later than 71 calendar days after the date that the Initial Form8-K was required to be filed with the SEC. to the instructions to Item 9.01 of Form8-K, this Current Report on Form8-K/A (the “Form8-K/A”) amends the Initial Form8-K in order to provide the required financial information.
Item 9.01. Consolidated Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired
The audited consolidated balance sheet of Orbis Education Services, LLC as of December31, 2018, the related audited consolidated statements of operations for the year ended December31, 2018 are attached to this Form8-K/A as Exhibit99.1 and are incorporated herein by reference.
(b) Pro Forma Financial Information
The unaudited pro forma combined balance sheet which gives effect to the Acquisition as if it had occurred on December31, 2018, the related unaudited pro forma combined statement of income for the year ended December31, 2018 which gives effect to the Acquisition as if it had occurred on January 1, 2018, and the related notes to such unaudited pro forma combined financial statements are attached to this Form8-K/A as Exhibit99.2 and are incorporated herein by reference.
(d) Exhibits
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form8-K contains “forward-looking statements,” including statements relating to the Acquisition discussed above. Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar expressions, as well as statements in future tense, identify forward-looking statements. Forward-looking statements are based on information available at the time those statements are made or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual events to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to: the failure of the Company to operate successfully as a third party education services provider; the occurrence of any event, change or other circumstance that could give rise to the termination of any of our key customer agreements; our ability to properly manage risks and challenges associated with strategic initiatives, including potential acquisitions or divestitures of, or investments in, new businesses, acquisitions of new properties and new university partners, and expansion of services provided to our existing university partners; our failure to comply with the extensive regulatory framework applicable to us either directly as a third party
education services provider or indirectly through our university partners, including Title IV of the Higher Education Act and the regulations thereunder, state laws and regulatory requirements, and accrediting commission requirements; competition from other education services companies in our geographic region and market sector, including competition for students, qualified executives and other personnel; the pace of growth of our university partner’s enrollment and its effect on the pace of our own growth; our ability to, on behalf of our university partner, convert prospective students to enrolled students and to retain active students to graduation; our success in updating and expanding the content of existing programs and developing new programs in a cost-effective manner or on a timely basis for our university partners; and other factors discussed in the Company’s reports on file with the Securities and Exchange Commission. Factors or events that could affect the transactions contemplated herein or cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Grand Canyon Education, Inc. Exhibit
EX-23.1 2 a19-7297_1ex23d1.htm EX-23.1 Exhibit 23.1 Consent of Independent Registered Public Accounting Firm We consent to the incorporation by reference in the registration statements (Nos. 333-155973,…
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About Grand Canyon Education,Inc. (NASDAQ:LOPE)
Grand Canyon Education, Inc. is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students. The Company offers the degrees of Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees. It also offers certificate programs, which consist of a series of courses focused on a particular area of study for its students.
