Strayer Education, Inc. (NASDAQ:STRA) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
|
Results of Operations and Financial Condition. |
On May 3, 2017, Strayer Education, Inc. (the Company) issued a
press release announcing its financial results for the quarter
ended March 31, 2017. A copy of the press release is furnished as
Exhibit 99.1 hereto and is hereby incorporated by reference into
this Item 2.02.
The information furnished under this Item 2.02, including Exhibit
99.1, shall not be deemed filed with the Securities and Exchange
Commission nor incorporated by reference in any registration
statement filed by the Company under the Securities Act of 1933,
as amended.
| Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
The Company held its 2017 Annual Meeting of Stockholders on May
2, 2017. There were 11,159,884 shares of common stock eligible to
be voted at the Annual Meeting and 10,271,512 shares were
presented in person or represented by proxy at the meeting which
constituted a quorum to conduct business.
There were four proposals submitted to the Companys stockholders
at the Annual Meeting. All proposals were passed. The final
results of voting on each of the proposals are as follows:
Proposal 1: Elect ten directors to the Board of
Directors.
| Nominee | Votes For | Votes Against | Abstain | Broker Non-Vote |
| Robert S. Silberman | 9,283,507 | 353,351 | 3,047 | 631,607 |
| Dr. John T. Casteen, III | 9,245,334 | 391,591 | 2,980 | 631,607 |
| Dr. Charlotte F. Beason | 9,260,121 | 376,780 | 3,004 | 631,607 |
| William E. Brock | 9,623,606 | 13,183 | 3,116 | 631,607 |
| Nathaniel C. Fick | 9,627,020 | 9,620 | 3,265 | 631,607 |
| Robert R. Grusky | 9,463,832 | 172,782 | 3,291 | 631,607 |
| Karl McDonnell | 9,626,787 | 10,138 | 2,980 | 631,607 |
| Todd A. Milano | 9,415,822 | 221,081 | 3,002 | 631,607 |
| G. Thomas Waite, III | 9,415,244 | 221,250 | 3,411 | 631,607 |
| J. David Wargo | 8,812,000 | 824,689 | 3,216 | 631,607 |
Proposal 2: Ratify the appointment of PricewaterhouseCoopers
LLP as the Companys independent registered public accounting firm
for the fiscal year ending December 31, 2017.
| Votes For | Votes Against | Abstain | Broker Non-Vote |
| 10,251,867 | 18,437 | 1,208 | 0 |
Proposal 3: Approval on an advisory basis of the compensation
of the named executive officers.
| Votes For | Votes Against | Abstain | Broker Non-Vote |
| 9,624,338 | 12,130 | 3,437 | 631,607 |
Proposal 4: Approval on an advisory basis on the frequency of
stockholder votes on executive compensation.
| 1 Year | 2 Years | 3 Years | Abstain | Broker Non-Vote |
| 8,376,198 | 7,574 | 1,200,578 | 55,554 | 631,608 |
| Item 9.01. | Financial Statements and Exhibits. |
| (d) Exhibits. | ||
| Exhibit Number | Description | |
| 99.1 | Press Release, dated May 3, 2017 | |
About Strayer Education, Inc. (NASDAQ:STRA)
Strayer Education, Inc. is an education services holding company. The Company provides post-secondary education services. The Company offers a range of academic programs through its subsidiaries, Strayer University, Inc. (the University) and New York Code and Design Academy (NYCDA). The University offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration and criminal justice at approximately 80 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online. The University also offers an executive Master of Business Administration online through its Jack Welch Management Institute. NYCDA provides non-degree courses in Web and application software development, primarily at its campus in New York City. In addition to its degree, diploma and certificate programs, the Company offers classes to non-degree and non-program students. Strayer Education, Inc. (NASDAQ:STRA) Recent Trading Information
Strayer Education, Inc. (NASDAQ:STRA) closed its last trading session down -0.17 at 86.83 with 64,405 shares trading hands.
