--- schema_version: "secwatch.filing_event.v1" accession: "0001140361-23-023413" form_type: "8-K" ticker: "LINC" cik: "0001286613" company_name: "LINCOLN EDUCATIONAL SERVICES CORP" filed_at: "2023-05-08T23:59:59+00:00" generated_at: "2026-06-15T12:23:36.183154+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Lincoln Educational Services outlines growth strategy, strong compliance in 2023 shareholder presentation ## Summary - Presentation highlights skills gap driving demand for middle-skills training; revenue CAGR 3.9% from 2019-2022. - Adjusted EBITDA projected to grow from ~$12M in 2022 to ~$20M by 2025 (does not include future campuses). - Regulatory compliance strong: 90/10 ratio 74%, CDR 2.7%, composite score 2.9; completion rate 64.5%, employment rate 81.4%. - Growth strategy includes organic capacity expansion, new programs, acquisitions, and new school construction in South and West. - Experienced management team with average tenure ~20 years; board includes a 1981 Lincoln Tech graduate. ## SEC filing metadata - accession: 0001140361-23-023413 - form_type: 8-K - ticker: LINC - cik: 0001286613 - company_name: LINCOLN EDUCATIONAL SERVICES CORP - filed_at: 2023-05-08T23:59:59+00:00 - event_type: other_material - sentiment: positive - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/0001140361-23-023413-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/brhc20052581_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001140361-23-023413 - JSON: https://secwatch.observer/filing/0001140361-23-023413.json - Plain text: https://secwatch.observer/filing/0001140361-23-023413.txt ## Key facts - Shareholder Votes LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Approval of the frequency of future advisory votes on the compensation of named executive officers at the 2023-05-05 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-05-05 source text: Proposal Number 3 : To approve the frequency of future advisory votes on the Company’s compensation of named executive officers. The frequency of future advisory votes on the Company’s compensation of named executive officers every year was approved by a vote of the shareholders as follows: evidence_url: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/0001140361-23-023413-index.htm - Shareholder Votes LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-05 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-05 source text: Proposal Number 5 : To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The proposal was approved by a vote of the shareholders as follows: evidence_url: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/0001140361-23-023413-index.htm - Shareholder Votes LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Approval of an amendment to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan to increase the number of shares available for grant at the 2023-05-05 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-05-05 source text: Proposal Number 4 : T o approve an amendment to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (the “LTIP”) to increase the number of shares available for grant under the LTIP. The proposal was approved by a vote of the shareholders as follows: evidence_url: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/0001140361-23-023413-index.htm - Shareholder Votes LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Approval, on a non-binding advisory basis, of the compensation of named executive officers at the 2023-05-05 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-05 source text: Proposal Number 2 : To approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the Company’s proxy statement. The proposal was approved by a vote of the shareholders as follows: evidence_url: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/0001140361-23-023413-index.htm - Shareholder Votes LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Election of 9 directors named in the proxy statement for a one-year term at the 2023-05-05 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-05 source text: Proposal Number 1 : To elect the following 9 individuals named in the Company’s proxy statement as directors of the Company for a one-year term which will expire at the 2024 Annual Meeting of Shareholders and until their successors are duly elected and qualified. Each nominee for director was elected by a vote of the shareholders as follows: evidence_url: https://www.sec.gov/Archives/edgar/data/1286613/000114036123023413/0001140361-23-023413-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.