LINCOLN EDUCATIONAL SERVICES CORPORATION (NASDAQ:LINC) Files An 8-K Other Events
On March 17, 2020, Lincoln Educational Services Corporation (the “Company”) announced that, due to the outbreak of the COVID-19 virus, the Company would transition its programs from classroom instruction to remote online learning, on a temporary basis, starting Thursday, March 19, 2020, at all but one of its campuses, in order to minimize the spread of the virus and provide a healthy environment for the Company’s students. The Company’s Euphoria Institute of Beauty Arts and Sciences campus in Las Vegas, NV is awaiting approval from the state\’s Board of Cosmetology regarding the ability to provide distance learning for the programs offered there. Distance learning at the campuses will continue until such time as the risk of spreading the virus has subsided. The Company expects this operational change to be temporary and will return to traditional hands-on training programs at that time. Throughout this period of remote instruction, campuses will remain open, unless circumstances warrant otherwise, to allow students to access Wi-Fi, if needed, or to receive additional assistance from various student services departments including Financial Aid and Career Services.
A copy of the press release is attached hereto as Exhibit 99.1.
LINCOLN EDUCATIONAL SERVICES CORP Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 Press Release Lincoln Tech Provides Remote Learning to Address Virus Outbreak School group takes precautions to protect against potential spread of COVID-19; no campus cases reported. WEST ORANGE,…
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About LINCOLN EDUCATIONAL SERVICES CORPORATION (NASDAQ:LINC)
Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing). The Transitional segment includes operations that are being phased out and consists of its campus that is being taught out. It offers programs in automotive technology, skilled trades, which include HVAC, welding and computerized numerical control and electronic systems technology; healthcare services, which include nursing, dental assistant and pharmacy technician; hospitality services, which include culinary, therapeutic massage, cosmetology and aesthetics, and business and information technology, which includes information technology and criminal justice programs.
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