PERDOCEO EDUCATION Corp
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
PRDO$26.88+1.2%Stored close · as of Nov 6, 2026
Contents
INDEX TO EXHIBITS
| Exhibit | ||
|---|---|---|
| Number | Exhibit | Incorporated by Reference to: |
| 2.1 | Asset Purchase Agreement dated March 8, 2019 among Trident University International, LLC, TUI Learning, LLC, Athena NewCo, LLC and Career Education Corporation | Exhibit 2.1 to our Form 8-K filed on March 12, 2019 |
| 2.2 | First Amendment to Asset Purchase Agreement effective February 4, 2020 among Trident University International, LLC, TUI Learning, LLC, Athena NewCo, LLC and Perdoceo Education Corporation | Exhibit 2.2 to our Form 10-K for the year ended December 31, 2019 |
| 2.3 | Agreement and Plan of Merger dated July 15, 2024 by and among Perdoceo Education Corporation, Lighthouse Merger Sub, Inc., University of St. Augustine Parent Corp. and APH GP LP, solely in its capacity as the Seller Representative | Exhibit 2.1 to our Form 8-K filed on July 16, 2024 |
| 3.1 | Restated Certificate of Incorporation of Perdoceo Education Corporation (originally incorporated on January 5, 1994) | Exhibit 3.2 to our Form 8-K filed on December 18, 2019 |
| 3.2 | Certificate of Amendment of the Restated Certificate of Incorporation of Perdoceo Education Corporation dated May 25, 2023 | Exhibit 3.1 to our Form 8-K filed on June 1, 2023 |
| 3.3 | Seventh Amended and Restated By-laws of Perdoceo Education Corporation effective January 1, 2020 | Exhibit 3.3 to our Form 8-K filed on December 18, 2019 |
| 4.1 | Form of specimen stock certificate representing Common Stock | Exhibit 4.1 to our Form 10-K for the year ended December 31, 2019 |
| 4.3 | Credit Agreement dated as of September 8, 2021 among Perdoceo Education Corporation, the subsidiary guarantors from time to time parties thereto, the lenders from time to time parties thereto, and Wintrust Bank, N.A, as administrative agent and letter of credit issuer | Exhibit 10.1 to our Form 8-K filed on September 13, 2021 |
| 4.4 | First Amendment to Credit Agreement entered into as of April 1, 2022, among Perdoceo Education Corporation, the guarantors and the lenders under the Credit Agreement and Wintrust Bank, N.A., as administrative agent and letter of credit issuer | Exhibit 10.1 to our Form 10-Q for the period ended March 31, 2022 |
| 4.5 | Second Amendment to Credit Agreement entered into as of January 23, 2024, among Perdoceo Education Corporation, the guarantors and the lenders under the Credit Agreement and Wintrust Bank, N.A., as administrative agent and letter of credit issuer | Exhibit 10.1 to our Form 8-K filed on January 23, 2024 |
| *10.1 | Career Education Corporation 2008 Incentive Compensation Plan (“2008 Plan”) | Exhibit 10.1 to our Form 8-K filed on May 16, 2008 |
| *10.3 | Perdoceo Education Corporation Amended and Restated 2016 Incentive Compensation Plan ("2016 Plan") | Exhibit 10.1 to our Form 8-K filed on June 8, 2021 |
|---|---|---|
| *10.4 | 2024 Annual Incentive Plan | Exhibit 10.1 to our Form 8-K filed on March 13, 2024 |
| *10.5 | 2025 Annual Incentive Plan | Exhibit 10.1 to our Form 8-K filed on March 12, 2025 |
| *10.6 | Form of Non-Employee Director Option Grant Agreement under the 2008 Plan | Exhibit 10.1 to our Form 10-Q for the period ended June 30, 2011 |
| *10.7 | Form of Non-Qualified Stock Option Agreement under the 2008 Plan | Exhibit 10.3 to our Form 8-K filed on February 27, 2009 |
| *10.8 | Form of Employee Non-Qualified Stock Option Agreement under the 2008 Plan | Exhibit 10.2 to our Form 8-K filed on March 6, 2012 |
| *10.9 | Form of Employee Non-Qualified Stock Option Agreement under the 2008 Plan (used for awards in 2013) | Exhibit 10.3 to our Form 8-K filed on March 8, 2013 |
| *10.10 | Form of Employee Non-Qualified Stock Option Agreement under the 2008 Plan (Time-Based) (used for awards commencing in 2014) | Exhibit 10.2 to our Form 8-K filed on March 10, 2014 |
| *10.11 | Form of Employee Non-Qualified Stock Option Agreement under the 2016 Plan (Time-Based) (used for awards commencing in May 2016) | Exhibit 10.1 to our Form 8-K filed on May 27, 2016 |
| *10.12 | Form of Non-Employee Director Option Grant Agreement under the 2008 Plan (used for awards commencing May 2015) | Exhibit 10.4 to our Form 10-Q for the period ended June 30, 2015 |
| *10.13 | Form of Non-Employee Director Non-Qualified Stock Option Agreement under the 2016 Plan (used for awards commencing May 2016) | Exhibit 10.2 to our Form 8-K filed on May 27, 2016 |
| *10.14 | Form of Non-Employee Director Deferred Stock Unit Agreement under the 2008 Plan | Exhibit 10.1 to our Form 10-Q for the period ended June 30, 2014 |
| *10.15 | Form of Employee Restricted Stock Unit Award Agreement under the 2016 Plan (Time-Based) (used for awards commencing in May 2016) | Exhibit 10.3 to our Form 8-K filed on May 27, 2016 |
| *10.16 | Form of Employee Restricted Stock Unit Award Agreement under the 2016 Plan (Performance-Based) (used for awards commencing in May 2016) | Exhibit 10.4 to our Form 8-K filed on May 27, 2016 |
| *10.17 | Form of Non-Employee Director Restricted Stock Unit Award Agreement under the 2016 Plan (used for awards commencing May 2020) | Exhibit 10.1 to our Form 8-K filed on June 1, 2020 |
| *10.18 | Form of Employee Cash-Settled Restricted Stock Unit Award Agreement under the 2016 Plan (Time-Based) (used for awards commencing in May 2016) | Exhibit 10.5 to our Form 8-K filed on May 27, 2016 |
| *10.19 | Form of Employee Cash-Settled Restricted Stock Unit Award Agreement under the 2016 Plan (Performance-Based) (used for awards commencing in May 2016) | Exhibit 10.6 to our Form 8-K filed on May 27, 2016 |
| *10.20 | Form of Performance Unit Award Agreement under the 2016 Plan (used for awards commencing in March 2017) | Exhibit 10.1 to our Form 8-K filed on March 10, 2017 |
| *10.21 | Form of Retention Bonus Award Agreement (used for awards in 2022) | Exhibit 10.2 to our Form 8-K filed on March 11, 2022 |
| *10.22 | Form of Restricted Stock Unit Agreement under the 2016 Plan (Time-Based) | Exhibit 10.2 to our Form 8-K filed on March 13, 2024 |
| *10.23 | Form of Restricted Stock Unit Agreement under the 2016 Plan (Performance-Based) | Exhibit 10.3 to our Form 8-K filed on March 13, 2024 |
| *10.24 | Letter Agreement between Perdoceo Education Corporation and Jeffrey Ayers dated February 21, 2022 | Exhibit 20.21 to our Form 10-K for the year ended December 31, 2021 |
| *10.25 | Second Amended and Restated Letter Agreement between the Company and Todd Nelson dated November 16, 2023 | Exhibit 10.1 to our Form 8-K filed on November 17, 2023 |
| *10.26 | Separation and General Release Agreement between the Company and Andrew Hurst dated November 15, 2023 | Exhibit 10.2 to our Form 8-K filed on November 17, 2023 |
| *10.27 | Form of Indemnification Agreement for Directors and Executive Officers | Exhibit 10.9 to our Form 10-Q for the period ended June 30, 2016 |
| *10.28 | Career Education Corporation Executive Severance Plan (Amended and Restated as of November 2, 2015) | Exhibit 10.9 to our Form 10-Q for the period ended September 30, 2015 |
| *10.29 | First Amendment and Summary of Material Modifications to the Career Education Corporation Executive Severance Plan & Summary Plan Description | Exhibit 10.2 to our Form 10-Q for the period ended June 30, 2020 |
| 10.30 | Agreement with the Attorney General of Iowa effective January 2, 2019, including schedule of substantially identical agreements with the attorneys general of other states | Exhibit 10.2 to our Form 10-Q for the period ended March 31, 2019 |
| 10.31 | Stipulated Order for Permanent Injunction and Monetary Judgment dated October 9, 2019 agreed to by the Federal Trade Commission and Career Education Corporation and certain of its subsidiaries | Exhibit 10.1 to our Form 10-Q for the period ended September 30, 2019 |
| 19.1 | Perdoceo Education Corporation Policy on Insider Trading and Rule 10b5-1 Arrangements | Exhibit 19.1 to our Form 10-K for the year ended December 31, 2024 |
| +21 | Subsidiaries of the Company | |
| +23.1 | Consent of Grant Thornton LLP | |
| +31.1 | Certification of CEO Pursuant to Section 302 of Sarbanes-Oxley Act of 2002 | |
| +31.2 | Certification of CFO Pursuant to Section 302 of Sarbanes-Oxley Act of 2002 |
| +32.1 | Certification of CEO Pursuant to Section 906 of Sarbanes-Oxley Act of 2002 | |
| +32.2 | Certification of CFO Pursuant to Section 906 of Sarbanes-Oxley Act of 2002 | |
| *97.1 | Perdoceo Education Corporation Clawback Policy | Exhibit 97.1 to our Form 10-K filed on February 21, 2024 |
| +101.INS | InLine XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the InLine XBRL document | |
| +101.SCH | InLine XBRL Taxonomy Extension Schema With Embedded Linkbases Document | |
| +104 | The cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL (included in Exhibit 101) | |
| ___________________ | ||
|---|---|---|
| +Filed herewith. | ||
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