{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-088815","form_type":"8-K","ticker":"APEI","cik":"0001201792","company_name":"AMERICAN PUBLIC EDUCATION INC","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.336403+00:00","generated_at":"2026-06-12T00:49:51.685726+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"APEI Q2 net loss $51.2M, revenue -1.6% to $147.2M; two directors won't seek re-election","bullets":["Net loss $51.2M ($2.93/share); adjusted loss $0.25/share; includes $64M non-cash Rasmussen goodwill impairment.","Revenue $147.2M -1.6% YoY; APUS +5.2%, HCN +24.2%, Rasmussen -18.7%.","Adjusted EBITDA $8.8M -39.6%; cash $139.4M; Army received $42M in H1 2023, including $20.9M prior-period catch-up.","Directors Halle and Kurshan will not stand for re-election at 2024 annual meeting; board to reduce size, no disagreement cited."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-088815","json":"https://secwatch.observer/filing/0001104659-23-088815.json","markdown":"https://secwatch.observer/filing/0001104659-23-088815.md","text":"https://secwatch.observer/filing/0001104659-23-088815.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923088815/0001104659-23-088815-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923088815/tm2323030d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T00:49:51.685726+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":"1a74994812","claim":"Jean C. Halle departed as Director at AMERICAN PUBLIC EDUCATION INC.","evidence_excerpt":"On August 8, 2023, Jean C. Halle and Barbara “Bobbi” L. Kurshan each informed the Company that they will not stand for re-election to the Board of Directors of the Company (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923088815/0001104659-23-088815-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"52f0c0325f","claim":"Barbara ‘Bobbi’ L. Kurshan departed as Director at AMERICAN PUBLIC EDUCATION INC.","evidence_excerpt":"On August 8, 2023, Jean C. Halle and Barbara “Bobbi” L. Kurshan each informed the Company that they will not stand for re-election to the Board of Directors of the Company (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923088815/0001104659-23-088815-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will not stand for re-election"},{"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"}