secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001140361-22-020367
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Educational Services authorizes $30M share repurchase program
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- Board authorized up to $30M of common stock repurchases over twelve months.
- Repurchases may be made in open-market or privately negotiated transactions.
- Company expects to fund repurchases from cash on hand and operations.
- Shares acquired will be cancelled and returned to authorized but unissued status.
- Credit agreement amended to permit repurchases under the new program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036122020367/0001140361-22-020367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036122020367/brhc10038031_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-020367

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