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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/17/21 Grand Canyon Education, Inc. 8-K:8,9 5/17/21 10:149K Toppan Merrill Bridge/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 31K 6: R1 Document and Entity Information HTML 46K 8: XML IDEA XML File -- Filing Summary XML 11K 5: XML XBRL Instance -- lope-20210517x8k_htm XML 15K 7: EXCEL IDEA Workbook of Financial Reports XLSX 6K 3: EX-101.LAB XBRL Labels -- lope-20210517_lab XML 44K 4: EX-101.PRE XBRL Presentations -- lope-20210517_pre XML 31K 2: EX-101.SCH XBRL Schema -- lope-20210517 XSD 13K 9: JSON XBRL Instance as JSON Data -- MetaLinks 11± 17K 10: ZIP XBRL Zipped Folder -- 0001558370-21-007341-xbrl Zip 10K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 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): i May 17, 2021
i Grand Canyon Education, Inc.
(Exact name of registrant as specified in its charter)
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i Delaware |
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| i 20-3356009 | |
(State or other Jurisdiction of | | (Commission File Number) | | (IRS Employer Identification No.) |
Incorporation) | | | | |
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i 2600 W. Camelback Road | |
i Phoenix, i Arizona | i 85017 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: ( i 602) i 247-4400
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(Former name or former address if changed since last report.) |
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:
i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
i Common Stock | i LOPE | i Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company 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 i ☐
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. ☐
Item 8.01. Other Events.
On May 14, 2021, Grand Canyon Education, Inc. (the “Company”) entered into an accelerated share repurchase (“ASR”) agreement with Morgan Stanley & Co. LLC (“Morgan Stanley”) to repurchase up to $50.0 million of its outstanding shares of common stock as part of the Company’s previously disclosed, board-approved share repurchase program. Under the ASR agreement, the Company will receive initial delivery of approximately 418.3 thousand shares of common stock on May 17, 2021, representing approximately 80% of the number of shares of common stock initially underlying the ASR agreement based on the closing price of the common stock of $95.63, on May 14, 2021. The total number of shares that the Company will repurchase under the ASR program will be based on the volume-weighted average price of the common stock during the term of the ASR agreement, less a discount, and subject to potential adjustments pursuant to the terms and conditions of the ASR agreement. The final settlement of the share repurchases under the ASR agreement is expected to be completed no later than September 9, 2021.
Item 9.01. Consolidated Financial Statements and Exhibits.
104Cover Page Interactive Date File (imbedded within the XBRL document)
Exhibit No. |
| Description |
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104 | | Cover Page Interactive Date File (imbedded within the XBRL document) |
SIGNATURES
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, thereunto duly authorized.
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| GRAND CANYON EDUCATION, INC. | |
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Date: May 17, 2021 | By: | /s/ Daniel E. Bachus |
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| | Chief Financial Officer |
| | (Principal Financial Officer) |
This ‘8-K’ Filing | Date | Other Filings | ||
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9/9/21 | None on these Dates | |||
Filed on / For Period end: | 5/17/21 | |||
5/14/21 | ||||
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