LINCOLN EDUCATIONAL SERVICES CORPORATION (NASDAQ:LINC) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
|
Results of Operations and Financial Condition.
|
Company) issued a press release announcing financial results for
the first quarter ended March 31, 2017. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K and incorporated in this Item 2.02 by reference.
Report on Form 8-K, including Exhibit 99.1, is being furnished
and shall not be deemed to be filed for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that Section.
Furthermore, the information contained under this Item 2.02 in
this Current Report on Form 8-K, including Exhibit 99.1, shall
not be deemed to be incorporated by reference into any
registration statement or other document filed to the Securities
Act of 1933, as amended, unless specifically identified therein
as being incorporated therein by reference. The furnishing of the
information under this Item 2.02 in this Current Report is not
intended to, and does not, constitute a determination or
admission by the Company that the information contained under
this Item 2.02 in this Current Report is material or complete, or
that investors should consider this information before making an
investment decision with respect to any security of the Company.
| Item 5.07 |
Submission of Matters to a Vote of Security
Holders |
Shareholders. At the Annual Meeting, the Companys shareholders
voted on the following proposals:
the Companys proxy statement as directors of the Company for a
one-year term which will expire at the 2018 Annual Meeting of
Shareholders and until their successors are duly elected and
qualified. Each nominee for director was elected by a vote of the
shareholders as follows:
|
Nominee
|
Votes For
|
Votes Withheld
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Broker Non-
Votes
|
|
Alvin O. Austin
|
15,534,447
|
632,270
|
4,941,016
|
|
Peter S. Burgess
|
15,532,017
|
634,700
|
4,941,016
|
|
James J. Burke, Jr.
|
15,534,447
|
632,270
|
4,941,016
|
|
Celia H. Currin
|
15,532,447
|
634,270
|
4,941,016
|
|
Ronald E. Harbour
|
15,509,280
|
657,437
|
4,941,016
|
|
J. Barry Morrow
|
15,534,017
|
632,700
|
4,941,016
|
|
Scott M. Shaw
|
15,533,247
|
633,470
|
4,941,016
|
the compensation of our named executive officers as disclosed in
the proxy statement. The proposal was approved by a vote of the
shareholders as follows:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-
Votes
|
|
16,034,775
|
127,878
|
4,064
|
4,941,016
|
votes on the Companys compensation of named executive officers.
The frequency of future advisory votes on the Companys
compensation of named executive officers every year was approved
by a vote of the shareholders as follows:
|
1 year
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2 years
|
3 years
|
Abstain
|
Broker Non-
Votes
|
|
14,753,565
|
137,163
|
1,272,257
|
3,732
|
4,941,016
|
LLP as the Companys independent registered public accounting firm
for the year ending December 31, 2017. The proposal was approved
by a vote of the shareholders as follows:
|
Votes For
|
Votes Against
|
Abstained
|
Broker Non-
Votes
|
|
20,935,586
|
36,016
|
136,131
|
-0-
|
| Item 9.01 |
Financial Statements and Exhibits
|
| (d) |
Exhibits
|
| 99.1 |
Press release of Lincoln Educational Services Corporation
dated May 11, 2016. |
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. LINCOLN EDUCATIONAL SERVICES CORPORATION (NASDAQ:LINC) Recent Trading Information
LINCOLN EDUCATIONAL SERVICES CORPORATION (NASDAQ:LINC) closed its last trading session up +0.15 at 3.01 with 11,243 shares trading hands.
