LINCOLN EDUCATIONAL SERVICES CORP
For the period ended Mar 31, 2026. Filed May 11, 2026.
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Mar 31, 2026 · Filed May 11, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
(a)
None.
(b)
None.
(c)
On May 24, 2022, the Company announced that the Board of Directors hadapproved ashare repurchase program for 12 months authorizing repurchases of up to $30.0 million of the Company’s Common Stock. On February 27, 2023, the Board of Directors authorized the repurchaseofan additional $10.0 million in Company’s Common Stock, for an aggregate of up to $30.6 million in additional repurchases, and extended the share repurchase program for additional 12-month periods, most recently through May 24,2027. The Company did not repurchase any additional shares in the three months ended March 31, 2026, and has approximately $29.7 million remaining for additional repurchases under the program. To date, the Company has made repurchases totaling approximately 1.7 million shares at an average share price of $5.95 for an aggregate expenditure of approximately $10.3 million.
For more information on the share repurchase plan, see Part I, Item 1. “Notes to Condensed Consolidated Financial Statements”, Note 8 – Stockholders’ Equity.
Item 3.
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