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)

May 16, 2006

 

Career Education Corporation

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Delaware

 

0-23245

 

36-3932190

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

 

 

2895 Greenspoint Parkway, Suite 600, Hoffman Estates, IL

 

60195

(Address of principal executive offices)

 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code

(847) 781-3600

 

 

 

(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 (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 8.01 Other Events.

 

On May 16, 2006, Career Education Corporation (the “Registrant”) issued a press release to announce that its largest institutional stockholder, Ariel Capital Management, LLC, has informed the Registrant that they have voted their 12.9 million shares, representing approximately 13% of the Registrant’s outstanding shares, in favor of the Registrant’s proxy and its director nominees.  A copy of the Registrant’s press release is attached hereto as Exhibit 99.1, and the information contained therein is incorporated herein by reference.

 

The information contained in this Form 8-K, including the exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and it shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

 

 

Number

 

Description of Exhibits

 

 

 

99.1

 

Press Release of Registrant dated May 16, 2006, reporting that the Registrant’s largest institutional stockholder, Ariel Capital Management, LLC, has informed the Registrant that they have voted their 12.9 million shares in favor of the Registrant’s proxy and its director nominees.

 

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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.

 

 

 

CAREER EDUCATION CORPORATION

 

 

 

 

 

 

 

 

 

 

By:

/s/ Janice L. Block

 

 

 

 

Janice L. Block

 

 

 

Senior Vice President, General Counsel, and
Corporate Secretary

 

 

Dated: May 17, 2006

 

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Exhibit Index

 

 

Exhibit

 

 

Number

 

Description of Exhibits

 

 

 

99.1

 

Press Release of Registrant dated May 16, 2006, reporting that the Registrant’s largest institutional stockholder, Ariel Capital Management, LLC, has informed the Registrant that they have voted their 12.9 million shares in favor of the Registrant’s proxy and its director nominees.

 

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