---
schema_version: "secwatch.filing_event.v1"
accession: "0001019056-22-000675"
form_type: "8-K/A"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T10:39:29.955197+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational completes mandatory conversion of Series A Preferred, eliminates $1.2M annual dividend

## Summary
- Each Series A Preferred share converted into 423.729 common shares; 12,700 shares preferred became 5,381,360 common shares.
- Conversion eliminates $1.2M in annual preferred dividend payments, simplifying capital structure.
- CEO Scott Shaw states conversion provides additional resources for strategic initiatives.
- Amendment corrects conversion ratio decimal point; total shares issued unchanged.

## SEC filing metadata
- accession: 0001019056-22-000675
- form_type: 8-K/A
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000101905622000675/0001019056-22-000675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000101905622000675/lincoln_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-22-000675
- JSON: https://secwatch.observer/filing/0001019056-22-000675.json
- Plain text: https://secwatch.observer/filing/0001019056-22-000675.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.