UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 05, 2024 |
PERDOCEO EDUCATION CORPORATION
(Exact name of Registrant as Specified in Its Charter)
Delaware |
0-23245 |
36-3932190 |
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(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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1750 E. Golf Rd. Suite 350 |
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Schaumburg, Illinois |
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60173 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: 847 781-3600 |
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Common Stock, $0.01 par value |
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PRDO |
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The Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On February 5, 2024, Perdoceo Education Corporation (the “Company”) issued a press release announcing that its board of directors declared a quarterly dividend of $0.11 per share of common stock as part of the Company’s dividend policy, which will be paid on March 15, 2024, to holders of record of the Company’s common stock as of March 1, 2024. Any decision to pay future cash dividends, however, will be made by the board of directors and depend on the Company’s available retained earnings, financial condition and other relevant factors.
A copy of the Company’s press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The exhibits to this Current Report on Form 8-K are listed in the “Exhibit Index,” which is contained herein and incorporated by reference herein.
Exhibit Index
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Exhibit Number |
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Description of Exhibits |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PERDOCEO EDUCATION CORPORATION |
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Date: |
February 5, 2024 |
By: |
/s/ Ashish R. Ghia |
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Ashish R. Ghia |
Exhibit 99.1
Perdoceo Education Corporation Announces Quarterly Dividend
SCHAUMBURG, IL. (February 5, 2024) – Perdoceo Education Corporation (NASDAQ: PRDO), a provider of postsecondary education programs, today announced that its board of directors declared a quarterly dividend of $0.11 per share of common stock as part of the Company’s dividend policy, which will be paid on March 15, 2024, to holders of record of the Company’s common stock as of March 1, 2024. Any decision to pay future cash dividends, however, will be made by the board of directors and depend on the Company’s available retained earnings, financial condition and other relevant factors.
About Perdoceo Education Corporation
Perdoceo’s accredited academic institutions offer a quality postsecondary education primarily online to a diverse student population, along with campus-based and blended learning programs. The Company’s academic institutions – Colorado Technical University (“CTU”) and the American InterContinental University System (“AIUS” or “AIU System”) – provide degree programs from the associate through doctoral level as well as non-degree seeking and professional development programs. Perdoceo’s academic institutions offer students industry-relevant and career-focused academic programs that are designed to meet the educational needs of today’s busy adults. CTU and AIUS continue to show innovation in higher education, advancing personalized learning technologies like their intellipath® learning platform and using data analytics and technology to support and educate students while enhancing overall learning and academic experiences. Perdoceo is committed to providing quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce. For more information, please visit www.perdoceoed.com.
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CONTACT
Investors:
Alpha IR Group
Davis Snyder or Nick Nelson
(312) 445-2870
PRDO@alpha-ir.com
or
Media:
Perdoceo Education Corporation
(847) 585-2600
media@perdoceoed.com
Source: Perdoceo Education Corporation