{"schema_version":"secwatch.filing_event.v1","accession":"0001019056-23-000162","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.228877+00:00","generated_at":"2026-06-18T23:15:08.288615+00:00","sec_items":["2.02","5.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lincoln Educational Q4 revenue $91.8M (+4.5%); guides 2023 Adj. EBITDA $19-24M; extends buyback","bullets":["Q4 revenue $91.8M (+4.5% YoY); Adj. EBITDA $15.7M (+7.4%); student starts +2.4%.","FY 2023 guidance: revenue $345-360M, Adj. EBITDA $19-24M, capex $35-40M.","Board expands to 10; appoints Sylvia Jean Young; director Harbour not standing for re-election.","Share repurchase extended: additional $10M authorized, total remaining $30.6M through May 2024.","Converted Series A preferred to common, saving $1.2M annual dividends; Nashville campus sale expected Q2 2023 for ~$35M."],"urls":{"canonical":"https://secwatch.observer/filing/0001019056-23-000162","json":"https://secwatch.observer/filing/0001019056-23-000162.json","markdown":"https://secwatch.observer/filing/0001019056-23-000162.md","text":"https://secwatch.observer/filing/0001019056-23-000162.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000101905623000162/0001019056-23-000162-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000101905623000162/lincoln_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:15:08.288615+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"69faca9d32158aa2fae8cb141dbf3af704a85030","claim":"LINCOLN EDUCATIONAL SERVICES CORP updated its the fiscal year ended December 31, 2022 guidance (initiated).","evidence_excerpt":"Lincoln Educational Services Corporation (the “Company”) issued a press release announcing financial results for the fourth quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000101905623000162/0001019056-23-000162-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ead084c94a33d68d666de41eea9c542e7c724431","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported the fourth quarter ended December 31, 2022 results: revenue $91.8 million. Guidance initiated.","evidence_excerpt":"Revenue increased $4.0 million, or 4.5% to $91.8 million from $87.8 million in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000101905623000162/0001019056-23-000162-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$91.8 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"76269c776c","claim":"Ronald E. Harbour departed as Director at LINCOLN EDUCATIONAL SERVICES CORP.","evidence_excerpt":"Director Ronald E. Harbour advised the Board of his decision not to stand for re-election to the Board for the coming term and to retire effective at the end of his current term on the date of the Annual Meeting of Shareholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000101905623000162/0001019056-23-000162-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c573afe537","claim":"Sylvia Jean Young was appointed as Director at LINCOLN EDUCATIONAL SERVICES CORP.","evidence_excerpt":"the Board appointed Sylvia Jean Young as an independent director, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000101905623000162/0001019056-23-000162-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}