Current Report Filing (8-k)
April 06 2021 - 3:08PM
Edgar (US Regulatory)
0001013934
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0001013934
2021-04-06
2021-04-06
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UNITED STATES
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): April 6, 2021
Strategic Education, Inc.
(Exact name of registrant as specified
in its charter)
Maryland
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0-21039
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52-1975978
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(State or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS Employer
Identification
Number)
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2303 Dulles Station Boulevard, Herndon, VA
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20171
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number,
including area code: (703) 561-1600
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered
pursuant to Section 12(b) of the Act:
Title of Each Class
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Trading
Symbol(s)
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Name of Each Exchange
on Which Registered
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Common Stock, Par Value $0.01 per share
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STRA
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Nasdaq Global Select Market
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Indicate by check mark
whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Recast Financial Statements
In this Current Report on Form 8-K, Strategic
Education, Inc. (“SEI” or the “Company”) is recasting consolidated financial information for the years 2019
and 2020 to reflect changes in segment presentation that will commence when the Company reports its first quarter 2021 results on April
29, 2021. The previously announced new segment reporting will reflect changes to divisional operating structure that were made during
the fourth quarter of 2020 for reporting beginning in 2021 and in the future, and which are detailed below in Exhibit 99.1. The updates
do not represent a restatement of previously issued financial statements.
The disclosure in this Current Report on Form 8-K
does not reflect events occurring after March 1, 2021, the date that SEI filed its 2020 Form 10-K, and does not modify or update
the disclosures therein in any way, other than as required to give effect to the change in reportable segments. For information on developments
regarding SEI since the filing of the 2020 Form 10-K, please refer to our Current Reports on Form 8-K.
Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits.
Exhibit
Number
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Description
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99.1
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Segment Reporting
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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STRATEGIC EDUCATION, INC.
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Date: April 6, 2021
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By:
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/s/ Daniel W. Jackson
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Daniel W. Jackson
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Executive Vice President and Chief Financial Officer
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