8-K
filed May 7, 2024, 7:59 PM ET
ticker LINC
CIK 0001286613
other material
confidence high
sentiment positive
materiality 0.60
Lincoln Educational extends share buyback to May 2025; $29.7M remains available
LINCOLN EDUCATIONAL SERVICES CORP
- Board extended $40M repurchase program through May 24, 2025.
- 1.7M shares repurchased at avg $5.95 for total $10.3M since program inception.
- $29.7M remains unused under the authorization.
- CEO cites commitment to balance sheet optimization and shareholder value.
- All director nominees elected; auditor ratification and say-on-pay approved at annual meeting.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Advisory vote on executive compensation at the 2024-05-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
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: Votes For Votes Against Abstentions Broker Non-Votes 19,875,738 1,438,503 317,652 5,365,505
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Ratify appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2024-05-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Proposal Number 3 : To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024. The proposal was approved by a vote of the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 25,734,452 1,255,352 7,594 not applicable
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LINCOLN EDUCATIONAL SERVICES CORP shareholders approved Election of 8 directors for a one-year term at the 2024-05-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Proposal Number 1 : To elect the following 8 individuals named in the Company’s proxy statement as directors of the Company for a one-year term which will expire at the 2025 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: Nominee Votes For Votes Withheld Broker Non-Votes John A. Bartholdson 19,648,772 1,983,121 5,365,505
View on SEC.gov
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