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GEO GROUP INC — fact timeline

Source-grounded facts extracted from GEO GROUP INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GEO GEO GROUP INC JSON
Earnings Releases

GEO GROUP INC reported first quarter ended March 31, 2026 results: revenue $705.2 million, net income $38.3 million, EPS $0.29 per diluted share. Guidance raised.

“1Q26 Revenues Increased 17% to $705.2 Million • 1Q26 Net Income Attributable to GEO Operations Increased 96% to $38.3 Million • 1Q26 Adjusted EBITDA Increased 32% to $131.4 Million”
Shareholder Votes

GEO GROUP INC shareholders approved Non-binding advisory vote on compensation of named executive officers as disclosed in the Proxy Statement. at the 2026-04-28 meeting.

“3. The shareholders approved, in a non-binding advisory vote, the compensation of GEO’s named executive officers, by the votes set forth in the table below: For: 67,226,927 Against: 26,715,413 Abstain: 124,770 Broker Non-Votes: 12,704,454”
Shareholder Votes

GEO GROUP INC shareholders approved Ratification of appointment of Grant Thornton LLP as independent registered public accountants for the 2026 fiscal year. at the 2026-04-28 meeting.

“2. The appointment of Grant Thornton LLP as GEO’s independent registered public accountants for the 2026 fiscal year was ratified by the shareholders, by the votes set forth in the table below: For: 105,876,959 Against: 783,626 Abstain: 110,979 Broker Non-Votes: 0”
Shareholder Votes

GEO GROUP INC shareholders approved Election of seven directors for a term of one year and until their successors are duly elected and qualified. at the 2026-04-28 meeting.

“1. All of the Board’s director nominees were elected for a term of one year and until their successors are duly elected and qualified, by the votes set forth in the table below: Votes For Votes Against Abstentions Broker Non-Votes Thomas C. Bartzokis 93,380,529 629,438 57,143 12,704,454 Jack Brewer 73,801,028 20,200,389 65,693 12,704,454 Donna Arduin Kauranen 93,401,803 578,669 86,638 12,704,454 Scott M. Kernan 93,291,384 717,695 58,031 12,704,454 Lindsay L. Koren 93,199,735 788,652 78,723 12,704,454 Julie Myers Wood 89,794,018 4,212,934 60,158 12,704,454 George C. Zoley 92,434,807 1,538,534 93,769 12,704,454”
Debt Financings

GEO GROUP INC amended revolving credit of increased the revolving credit facility commitments from $450 million to $550 million with Citizens Bank, N.A..

“The Amendment increased the revolving credit facility commitments from $450 million to $550 million.”
Material Agreements

GEO GROUP INC amended Third Amendment to Credit Agreement with Citizens Bank, N.A., as administrative agent, and the lenders party thereto valued at from $450 million to $550 million (effective 2026-01-20).

“On January 20, 2026, The GEO Group, Inc. (“GEO” or the “Company”) entered into that certain Third Amendment to Credit Agreement (the “Amendment”), by and among each of GEO and GEO Corrections Holdings, Inc., as the Borrowers, the other loan parties named therein, Citizens Bank, N.A., as administrative agent, and the lenders party thereto.”
Debt Financings

GEO GROUP INC amended revolving credit of $450 million with Citizens Bank, N.A. at term SOFR reference rate for the applicable interest period plus 2.75% per annum maturing July 14, 2030.

“The Amendment increases GEO’s revolving credit facility (the “Revolver”) commitments from $310 million to $450 million and extends the Revolver’s maturity from April 15, 2029 to July 14, 2030. The Amendment also lowered the applicable interest rates based on the total leverage ratio for loans using the Alternate Base Rate and loans using the Secured Overnight Financing Rate (“SOFR”) by 0.50%.”

Andrew N. Shapiro resigned as Director at GEO GROUP INC.

“On January 6, 2025, Andrew N. Shapiro resigned from the Board of Directors (the “Board”) and all Board committee positions of The GEO Group, Inc. (“GEO” or the “Company”) effective as of January 6, 2025 for personal reasons.”

Donna Arduin Kauranen was appointed as director at GEO GROUP INC.

“the Board appointed Ms. Donna Arduin Kauranen to serve as a director on the Board of GEO for a term expiring at the 2025 annual meeting of shareholders”

Mark J. Suchinski was appointed as Senior Vice President and Chief Financial Officer at GEO GROUP INC.

“On June 4, 2024, the Board of Directors of The GEO Group, Inc. (“GEO” or the “Company”) approved the appointment of Mark J. Suchinski as Senior Vice President and Chief Financial Officer, effective July 8, 2024.”
Material Agreements

GEO GROUP INC entered into Exchange Agreements for 6.50% Exchangeable Senior Notes due 2026 with certain holders (Noteholders) of GEO Corrections Holdings, Inc.'s 6.50% Exchangeable Senior Notes due 2026 valued at $46.4 million principal exchanged for estimated valuation of $75.3 million (cash and common stock) (effective 2024-05-15).

“On May 15, 2024, The GEO Group, Inc. (“GEO” or the “Company”) entered into private exchange agreements (the “Exchange Agreements” and each, an “Exchange Agreement”) with certain holders (the “Noteholders”) of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the “6.50% Exchangeable Senior Notes”).”
Earnings Releases

GEO GROUP INC reported first quarter 2024 results: revenue $605.7 million, net income $22.7 million.

“Total revenues of $605.7 million • Net Income of $22.7 million”
Debt Financings

GEO GROUP INC incurred senior notes of $650.0 million with qualified institutional buyers and non-U.S. persons at 8.625% per year maturing April 15, 2029.

“$650.0 million aggregate principal amount of 8.625% senior secured notes due 2029”
Material Agreements

GEO GROUP INC entered into 2031 Indenture with Ankura Trust Company, LLC valued at $625.0 million aggregate principal amount of 10.25% senior notes due 2031 (effective 2024-04-18).

“$625.0 million aggregate principal amount of 10.25% senior notes due 2031 (the “Unsecured Notes” and, together with the Secured Notes, the “Notes”), issued under the Indenture, dated as of April 18, 2024 (the “2031 Indenture” and, together with the 2029 Indenture, the “Indentures”), among GEO, the Guarantors and Ankura Trust Company, LLC as Trustee”
Material Agreements

GEO GROUP INC entered into 2029 Indenture with Ankura Trust Company, LLC valued at $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (effective 2024-04-18).

“On April 18, 2024, The GEO Group, Inc. (“GEO” or the “Company”) announced the closing of its previously announced private offering of $1.275 billion aggregate principal amount of senior notes (the “Senior Notes Offering”), comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the “Secured Notes”), issued under the Indenture, dated as of April 18, 2024 (the “2029 Indenture”), among GEO, the Guarantors (defined below) and Ankura Trust Company, LLC, as trustee and collateral agent”
Material Agreements

GEO GROUP INC entered into Exchange Agreement with certain holders of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 valued at $177 million in aggregate principal amount of the outstanding 6.50% Exchangeable Senior Notes for a (effective 2024-04-04).

“On April 4, 2024, The GEO Group, Inc. (“GEO” or the “Company”) entered into private exchange agreements (the “Exchange Agreements” and each, an “Exchange Agreement”) with certain holders (the “Noteholders”) of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the “6.50% Exchangeable Senior Notes”).”
Earnings Releases

GEO GROUP INC reported fourth quarter and full year ended December 31, 2023 results: revenue $608,283, net income $25.2 million, EPS $.17 per share.

“* all figures in ‘000s Original Press Release Updated Original Press Release Updated Q4 2023 Q4 2023 FY 2023 FY 2023 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ 608,283 $ 608,283 $ 2,413,167 $ 2,413,167 Operating expenses 433,042 441,942 1,735,328 1,744,228 Depreciation and amortization 30,996 30,996 125,784 125,784 General and administrative”
Earnings Releases

GEO GROUP INC reported full year 2024 results: revenue $2.4 billion, net income $110 million to $125 million. Guidance initiated.

“For the full year 2024, we expect Net Income to be in a range of $110 million to $125 million on annual revenues of approximately $2.4 billion”
Earnings Releases

GEO GROUP INC reported first quarter 2024 results: revenue $600 million to $610 million, net income $22 million to $24 million. Guidance initiated.

“For the first quarter of 2024, we expect Net Income to be in a range of $22 million to $24 million and quarterly revenues in a range of $600 million to $610 million”
Earnings Releases

GEO GROUP INC reported fourth quarter 2023 results: revenue $608.3 million, net income $31.8 million.

“Fourth Quarter 2023 Highlights • Total revenues of $608.3 million • Net Income of $31.8 million • Adjusted EBITDA of $129.0 million For the fourth quarter 2023, we reported net income of $31.8 million, compared to $41.5 million for the fourth quarter 2022.”
Earnings Releases

GEO GROUP INC reported full year 2023 results: revenue $2.41 billion, net income $113.8 million.

“Full Year 2023 Highlights • Total revenues of $2.41 billion • Net Income of $113.8 million • Adjusted EBITDA of $507.2 million • Reduced Total Net Debt by Approximately $197.0 million in FY23 to”
Governance Changes

GEO GROUP INC: Decreased the number of directors constituting the whole Board from nine to eight, eliminating a vacancy (effective 2024-02-09).

“On February 9, 2024, the Board having received the recommendation of the Nominating and Corporate Governance Committee, approved a decrease to the number of directors which constitute the whole Board from nine directors to eight directors so that there is no longer a vacancy on the Board.”
Material Agreements

GEO GROUP INC entered into Equity Distribution Agreements with Cantor Fitzgerald & Co., Compass Point Research & Trading, LLC, Imperial Capital, LLC, JonesTrading Institutional Services LLC, Noble Capital Markets, Inc., Northland Securities, Inc., StoneX Financial Inc., Virtu Americas LLC, and Wedbush Securities Inc. valued at up to $300,000,000 (effective 2023-12-28).

“On December 28, 2023, The GEO Group, Inc. (“GEO” or the “Company”) entered into separate substantially similar Equity Distribution Agreements (the “Equity Distribution Agreements”) with each of Cantor Fitzgerald & Co., Compass Point Research & Trading, LLC, Imperial Capital, LLC, JonesTrading Institutional Services LLC, Noble Capital Markets, Inc., Northland Securities, Inc., StoneX Financial Inc., Virtu Americas LLC, and Wedbush Securities Inc. as managers (the “Managers”), pursuant to which the Company may sell from time to time, in a continuous equity offering program under its Registration Statement on Form S-3ASR (File No. 333-275219) shares of the Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $300,000,000 (the “Shares”) through the Managers, acting as the Company’s agent and/or principal.”
Debt Financings

GEO GROUP INC amended revolving credit of approximately $265 million in refinancing revolving credit commitments with Alter Domus Products Corp., as administrative agent at term SOFR reference rate for the applicable interest period plus between 2.75% a maturing March 23, 2027.

“GEO’s Third Amended and Restated Credit Agreement, dated as of March 23, 2017, as subsequently amended (the “Prior Credit Agreement”). The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027, constituting all of GEO’s revolving credit commitments from and after the date of the Amendment. Prior to”
Material Agreements

GEO GROUP INC amended Refinancing Revolving Credit Commitments Amendment with Alter Domus Products Corp., as administrative agent valued at $265 million in refinancing revolving credit commitments maturing on March 23, 2027 (effective 2023-12-14).

“On December 14, 2023, The GEO Group, Inc. (“GEO” or the “Company”) entered into and closed on that certain Refinancing Revolving Credit Commitments Amendment (the “Amendment”) by and among each of GEO and GEO Corrections Holdings, Inc., as the Borrowers, the other loan parties named therein, the lender parties thereto and Alter Domus Products Corp., as administrative agent, to its Credit Agreement dated as of August 19, 2022 (the “Credit Agreement”).”

Brian Evans was appointed as Chief Executive Officer at GEO GROUP INC.

“Brian Evans, who has been with the Company for 23 years and has served as the Company’s Chief Financial Officer for 14 years, was appointed Chief Executive Officer on November 29, 2023, effective January 1, 2024.”
Earnings Releases

GEO GROUP INC reported first nine months of 2023 results: revenue $1.80 billion, net income $82.0 million, EPS $0.55 per diluted share. Guidance reaffirmed.

“to GEO of $0.16 per diluted share • Adjusted Net Income of $0.19 per diluted share • Adjusted EBITDA of $118.7 million • Reduced Total Net Debt by $109 million to approximately $1.8 billion For the third quarter 2023, we reported net income of $24.5 million, compared to net income of $38.3 million for the third quarter 2022. We reported total revenues for the third”
Earnings Releases

GEO GROUP INC reported third quarter 2023 results: revenue $602.8 million, net income $24.5 million, EPS $0.16 per diluted share. Guidance reaffirmed.

“and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2023. Third Quarter 2023 Highlights • Total revenues of $602.8 million • Net Income of $24.5 million • Net Income Attributable to GEO of $0.16 per diluted share • Adjusted Net Income of $0.19 per diluted share • Adjusted EBITDA of $118.7 million •”
Earnings Releases

GEO GROUP INC reported the fourth quarter of 2023 results: revenue $595 million to $610 million, net income between $19 million and $27 million. Guidance initiated.

“For the fourth quarter of 2023, we expect Net Income to be between $19 million and $27 million on quarterly revenues of $595 million to $610 million”
Earnings Releases

GEO GROUP INC reported the third quarter of 2023 results: revenue $588 million to $603 million, net income between $19 million and $26 million. Guidance initiated.

“For the third quarter of 2023, we expect Net Income to be between $19 million and $26 million on quarterly revenues of $588 million to $603 million”
Earnings Releases

GEO GROUP INC reported the full-year 2023 results: revenue approximately $2.4 billion, net income between $95 million and $110 million. Guidance reaffirmed.

“We expect full-year GAAP Net Income to be between $95 million and $110 million, on annual revenues of approximately $2.4 billion”
Earnings Releases

GEO GROUP INC reported the six months ended June 30, 2023 results: revenue $1.20 billion, net income $57.5 million, EPS $0.39 per diluted share.

“company. We are also continuing our efforts to market our current idle facilities to federal and state government agencies.” First Six Months 2023 Highlights • Total revenues of $1.20 billion • Net Income of $57.5 million • Net Income Attributable to GEO of $0.39 per diluted share • Adjusted Net Income of $0.46 per diluted share • Adjusted EBITDA of $259.9 million For”
Earnings Releases

GEO GROUP INC reported the quarter ended June 30, 2023 results: revenue $593.9 million, net income $29.5 million, EPS $0.20 per diluted share.

“and electronic monitoring programs, reported today its financial results for the second quarter and first six months of 2023. Second Quarter 2023 Highlights • Total revenues of $593.9 million • Net Income of $29.5 million • Net Income Attributable to GEO of $0.20 per diluted share • Adjusted Net Income of $0.24 per diluted share • Adjusted EBITDA of $129.0 million For”
Shareholder Votes

GEO GROUP INC shareholders rejected Shareholder proposal regarding a third-party racial equity audit and report at the 2023-04-28 meeting.

“The shareholders did not approve the shareholder proposal regarding a third-party racial equity audit and report, by the votes set forth in the table below:”
Shareholder Votes

GEO GROUP INC shareholders approved Advisory vote on frequency of say-on-pay votes at the 2023-04-28 meeting.

“The shareholders voted, in a non-binding advisory vote, on the frequency of the advisory vote on executive compensation, by the votes set forth in the table below:”
Shareholder Votes

GEO GROUP INC shareholders approved Advisory vote to approve named executive officer compensation at the 2023-04-28 meeting.

“The shareholders approved, in a non-binding advisory vote, the compensation of GEO’s named executive officers, by the votes set forth in the table below:”
Shareholder Votes

GEO GROUP INC shareholders approved Ratification of the appointment of Grant Thornton LLP as independent registered public accountants for 2023 at the 2023-04-28 meeting.

“The appointment of Grant Thornton LLP as GEO’s independent registered public accountants for the 2023 fiscal year was ratified by the shareholders, by the votes set forth in the table below:”
Shareholder Votes

GEO GROUP INC shareholders approved Election of nine directors for a term of one year at the 2023-04-28 meeting.

“All of the Board’s director nominees were elected for a term of one year and until their successors are duly elected and qualified, by the votes set forth in the table below:”
Earnings Releases

GEO GROUP INC reported second quarter 2023 results: revenue $585 million to $590 million, net income $24 million and $26 million. Guidance initiated.

“For the second quarter of 2023, we expect Net Income to be between $24 million and $26 million on quarterly revenues of $585 million to $590 million”
Earnings Releases

GEO GROUP INC reported full year 2023 results: revenue $2.38 billion and $2.46 billion, net income $105 million and $125 million.

“We updated our financial guidance for 2023. We expect full year 2023 Net Income to be between $105 million and $125 million on annual revenues of between $2.38 billion and $2.46 billion.”
Earnings Releases

GEO GROUP INC reported first quarter ended March 31, 2023 results: revenue $608.2 million, net income $28.0 million, EPS $0.19 per diluted share.

“post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2023. First Quarter 2023 Highlights • Total revenues of $608.2 million • Net Income of $28.0 million • Net Income Attributable to GEO of $0.19 per diluted share • Adjusted Net Income of $0.22 per diluted share • Adjusted EBITDA of $130.9 million •”
Earnings Releases

GEO GROUP INC reported first quarter 2023 results: revenue quarterly revenues of $605 million to $610 million, net income Net Income Attributable to GEO to be between $26 million and $28 million. Guidance initiated.

“For the first quarter of 2023, we expect Net Income Attributable to GEO to be between $26 million and $28 million on quarterly revenues of $605 million to $610 million”
Earnings Releases

GEO GROUP INC reported full year 2023 results: revenue annual revenues of between $2.37 billion and $2.47 billion, net income Net Income Attributable to GEO to be between $100 million and $127 million. Guidance initiated.

“We expect full year 2023 Net Income Attributable to GEO to be between $100 million and $127 million on annual revenues of between $2.37 billion and $2.47 billion.”
Earnings Releases

GEO GROUP INC reported full year ended December 31, 2022 results: revenue total revenues of $2.38 billion, net income Net Income of $172.0 million, EPS Net Income Attributable to GEO of $1.17 per diluted share.

“Full Year 2022 Highlights • Total revenues of $2.38 billion • Net Income of $172.0 million • Net Income Attributable to GEO of $1.17 per diluted share • Adjusted Net Income of $1.40 per diluted share • Adjusted EBITDA of $539.2 million”
Earnings Releases

GEO GROUP INC reported fourth quarter ended December 31, 2022 results: revenue total revenues of $620.7 million, net income Net Income of $41.8 million, EPS Net Income Attributable to GEO of $0.28 per diluted share.

“Fourth Quarter 2022 Highlights • Total revenues of $620.7 million • Net Income of $41.8 million • Net Income Attributable to GEO of $0.28 per diluted share • Adjusted Net Income of $0.34 per diluted share • Adjusted EBITDA of $145.5 million”

Matthew Albence was appointed as Senior Vice President, Client Relations at GEO GROUP INC.

“The Company previously announced on a Form 8-K filed on July 22, 2022 Mr. Venturella’s retirement effective February 1, 2023 and announced that Matthew Albence would succeed Mr. Venturella as Senior Vice President, Client Relations.”

David Venturella retired as Senior Vice President, Client Relations at GEO GROUP INC.

“The Company previously announced on a Form 8-K filed on July 22, 2022 Mr. Venturella’s retirement effective February 1, 2023 and announced that Matthew Albence would succeed Mr. Venturella as Senior Vice President, Client Relations.”

Ann Schlarb retired as Senior Vice President and President of GEO Care at GEO GROUP INC.

“On January 6, 2023, The GEO Group, Inc. (“GEO” or the “Company”) announced that Ann Schlarb, GEO’s Senior Vice President and President of GEO Care, will be retiring from her executive officer role effective January 31, 2023.”
Governance Changes

GEO GROUP INC: Approved amendment to Article V, Section 1 of Third Amended and Restated Bylaws to increase the number of directors from nine to ten until the end of Anne Foreman's term, after which it will decrease to nine (effective 2022-12-27).

“On December 27, 2022, the Board having received the recommendation of the Nominating and Corporate Governance Committee, approved an increase to the number of directors which constitute the whole Board from nine to ten members until the end of Ms. Anne Foreman’s term as a director.”

Anne Foreman departed as director at GEO GROUP INC.

“Ms. Foreman will not be seeking reelection to the Board at the end of her current term at the 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”), Upon the expiration of Ms. Foreman’s current term, the number of directors will decrease from ten to nine.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.