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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 2002
STRAYER EDUCATION, INC.
(Exact name of registrant as specified in its charter)
Maryland 000-21039 52-1975978
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
1100 Wilson Boulevard Suite 2500 Arlington, VA 22209
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 247-2500
Not applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On November 25, 2002, Strayer Education, Inc. announced that it had declared its
regular quarterly common stock cash dividend for the Fourth Quarter in the
amount of $0.065 per share payable on January 22, 2003 to all holders of record
on January 8, 2003. The November 25, 2002 Press Release is attached hereto as an
exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
99.01 Press Release dated November 25, 2002
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Strayer Education, Inc.
Date: November 25, 2002 By: /s/ Mark C. Brown
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Mark C. Brown
Senior Vice President and Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.01 Press Release dated November 25, 2002.
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EXHIBIT 99.01
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FOR IMMEDIATE RELEASE
CONTACT: MARK C. BROWN
CHIEF FINANCIAL OFFICER
STRAYER EDUCATION, INC.
(703) 247-2514
SONYA UDLER
VICE PRESIDENT
CORPORATE COMMUNICATIONS
STRAYER EDUCATION, INC.
(703) 247-2517
SONYA.UDLER@STRAYER.EDU
STRAYER EDUCATION, INC. ANNOUNCES FOURTH QUARTER COMMON STOCK CASH DIVIDEND
ARLINGTON, VA., NOVEMBER 25, 2002 -- Strayer Education, Inc. (Nasdaq: STRA)
today announced that the Company's Board of Directors declared a quarterly cash
dividend of $0.065 per common share ($0.26 annually) for the quarter ending
December 31, 2002. The dividend is payable on January 22, 2003 to shareholders
of record on January 8, 2003.
Strayer Education (www.strayereducation.com) is an education services holding
company which owns Strayer University and certain other assets. Strayer's
mission is to make higher education achievable and convenient for working adults
in today's economy. Strayer University (www.strayer.edu) is a proprietary
institution of higher learning which offers undergraduate and graduate degree
programs in Business Administration, Accounting, and Information Technology to
more than 16,500 working adults at 20 campuses in Maryland, Washington, D.C.,
Virginia, and North Carolina and via the Internet through Strayer University
Online. Strayer University is committed to providing an education that prepares
working adult students for advancement in their careers and professional lives.
By constantly adapting to the latest techniques and technologies used in
business, we provide our graduates with practical skills and a competitive edge
in the changing marketplace.
Strayer University is accredited by the Middle States Commission on Higher
Education. Founded in 1892, Strayer attracts students from around the country
and throughout the world.
-more-
This press release contains statements that are forward looking and are made
pursuant to the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995 "(Reform Act"). The statements are based on the Company's
current expectations and are subject to a number of uncertainties and risks. In
connection with the Safe Harbor provisions of the Reform Act, the Company has
identified important factors that could cause the Company's actual results to
differ materially. The uncertainties and risks include the pace of growth of
student enrollment, our continued compliance with Title IV of the Higher
Education Act, and the regulations thereunder, as well as state and regional
regulatory requirements, competitive factors, risks associated with the opening
of new campuses, risks associated with the offering of new educational programs
and adapting to other changes, risks associated with the acquisition of existing
educational institutions, risks relating to the timing of regulatory approvals,
our ability to implement our growth strategy, and general economic and market
conditions. Further information about these and other relevant risks and
uncertainties may be found in the Company's annual report on Form 10-K and its
other filings with the Securities and Exchange Commission, all of which are
incorporated herein by reference and which are available from the Commission. We
undertake no obligation to update or revise forward looking statements.
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