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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Adtalem Global Education Inc | NYSE:ATGE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.44 | 2.84% | 51.955 | 52.11 | 50.56 | 50.56 | 80,731 | 16:33:26 |
Delaware
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1-13988
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36-3150143
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(State of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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3005 Highland Parkway
Downers Grove, Illinois
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60515
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(Address of principal executive offices)
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(Zip Code)
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☐
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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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·
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Initial annual base salary rate of $895,000, subject to such increases as the Compensation Committee may approve (in accordance with certain limitations set forth in the Employment Agreement);
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·
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Eligibility to participate in DeVry Group’s annual Management Incentive Plan (“MIP”), with annual incentives generally targeted at 105% of base salary and actual payments determined based on performance against company-wide and personal performance goals determined for each fiscal year by the Compensation Committee, except that, with respect to the 2016 fiscal year, the MIP payout will be equal to the target award, pro-rated based on the number of days that Ms. Wardell is employed by DeVry Group during such fiscal year;
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·
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Eligibility to receive annual equity awards, as determined by the Board or the Compensation Committee, under DeVry Group’s equity compensation plans as in effect from time to time (including with respect to the 2017 fiscal year);
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·
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Subject to the approval of the Compensation Committee, a “sign-on” equity award under DeVry Group’s Second Amended and Restated Incentive Plan of 2013 (the “2013 Equity Plan”) with an aggregate fair value of $3,700,000, subject to such terms and conditions (including the types of awards comprising the “sign-on” equity award) as may be approved by the Compensation Committee and set forth in the documents evidencing such award, as well as the terms of the 2013 Equity Plan;
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·
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Eligibility for Ms. Wardell (and her eligible dependents, as applicable) to participate in health and welfare and retirement plans of DeVry Group as may be in effect from time to time, subject to the terms and conditions of such plans, on terms no less favorable than those afforded to other executive officers of DeVry Group; and
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·
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Reimbursement of all expenses reasonably incurred by Ms. Wardell in relocating Ms. Wardell and her family to a suitable and appropriate residence within commuting distance of DeVry Group headquarters, as further described in the Employment Agreement.
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(d)
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Exhibits.
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10.1
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Executive Employment Agreement, dated May 24, 2016, by and between DeVry Education Group, Inc. and Lisa W. Wardell. |
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DEVRY EDUCATION GROUP INC.
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(Registrant)
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||
Date: May 27, 2016
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By:
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/s/ Patrick J. Unzicker
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Patrick J. Unzicker
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||
Vice President, Chief Accounting Officer and
Treasurer
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Exhibit No.
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Description
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|
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10.1
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Executive Employment Agreement, dated May 24, 2016, by and between DeVry Education Group, Inc. and Lisa W. Wardell.
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1 Month Adtalem Global Education Chart |
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