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): January 8, 2024
 
ADTALEM GLOBAL EDUCATION INC.
(Exact name of registrant as specified in its charter)
 
Delaware
001-13988
36-3150143
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

500 West Monroe
Chicago, Illinois 60661
(Address of principal executive offices) (Zip Code)

(866) (374-2678)
(Registrant’s telephone number, including area code)
 
N/A
(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 (see General Instruction A.2. below):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ 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
 
Name of each exchange on which registered
Common Stock $0.01 Par Value
   ATGE
  
New York Stock Exchange
Common Stock $0.01 Par Value
  
ATGE
  
Chicago Stock Exchange

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 ☐
 
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 5.02              Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

(d) The Adtalem Board of Directors (the “Board”) has appointed Dr. Betty Vandenbosch as an independent member of Adtalem’s Board effective January 8, 2024, to serve until the 2024 annual meeting of shareholders.  Dr. Vandenbosch will serve on the Academic Quality Committee of the Board.   Dr. Vandenbosch will receive compensation and benefits from Adtalem for service on the Board on the same terms as other non-employee directors as described under the heading “Director Compensation” in Adtalem’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on October 6, 2023.

Dr. Vandenbosch, 67, served as the Senior Advisor to the Chief Executive Officer of Coursera, Inc. (NYSE:COUR), an online university course provider and facilitator, from December 2022 to July 2023.  Dr. Vandenbosch joined Coursera in April 2020 and served as a Senior Vice President and Chief Content Officer from April 2020 to December 2022.  Prior to Coursera, Dr. Vandenbosch was the Chancellor of Purdue University Global from 2018 to 2020, where she oversaw academics for nearly 30,000 students, most of whom earned their degrees online.  From 2008 to 2018, Dr. Vandenbosch held several roles of increasing responsibility at Kaplan University, including Provost from 2013-2014, and President from 2015 through 2018.  From 1993 through 2008, Dr. Vandenbosch served in a variety of roles at Case Western University, including Associate Dean of Executive Education Programs and Associate Dean of External Relations.

Dr. Vandenbosch earned a PhD in Management Information Systems from the Ivey Business School at Western University.  She also earned a Bachelor of Science degree in computer science and a Master of Business Administration degree from Western University.

There are no arrangements or understandings between Dr. Vandenbosch or any other person pursuant to which she was selected and appointed as a director of Adtalem.

There are no transactions between Dr. Vandenbosch and Adtalem that would be reportable under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933.

A copy of the press release announcing the appointment of Dr. Vandenbosch as a director is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01              Financial Statements and Exhibits


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 hereunto duly authorized.
 
 
 
ADTALEM GLOBAL EDUCATION INC.
 
 
 
 
 
 
By:
 /s/ Douglas G. Beck
 
 
 
Douglas G. Beck
 
 
 
Senior Vice President, General Counsel and Corporate Secretary
 
 

 
Date: January 9, 2024

Exhibit 99.1

Adtalem Global Education Appoints Betty Vandenbosch to its Board of Directors

CHICAGO--(BUSINESS WIRE)--January 9, 2024--Adtalem Global Education Inc. (NYSE: ATGE) recently announced the appointment of Dr. Betty Vandenbosch as an independent member of Adtalem’s board of directors, effective January 8, 2024.

A veteran in corporate and academic leadership with a diverse career background that includes technology, research and teaching, Dr. Vandenbosch brings nearly 30 years of experience to Adtalem. She is a dedicated leader who has worked with numerous academic institutions to launch diverse and in-demand programs and cutting-edge technologies that have equipped learners with resources, opportunities, and access to education.

“Dr. Vandenbosch’s many years of experience in EdTech and her expertise in innovative approaches to education make her the perfect addition to our board of directors,” said Steve Beard, Adtalem president and chief executive officer. “Dr. Vandenbosch brings with her an impressive career, and a diverse academic background which will bolster our Growth with Purpose strategy. We’re thrilled to welcome her to our team as we work together to serve our students as they prepare to enter the workforce or advance their careers.”

Before joining Adtalem’s board of directors, Dr. Vandenbosch served as the senior advisor to the chief executive officer of Coursera, Inc., an online university course provider and facilitator. At Coursera, she cultivated partnerships with more than 275 leading university and industry partners and helped to expand the company’s online offerings to include simulation, extended reality, augmented and virtual reality, and other immersive learning experiences. Prior to that, Dr. Vandenbosch was the chancellor of Purdue University Global, where she oversaw academics for nearly 30,000 students, most of whom earned their degrees online. Dr. Vandenbosch also held several roles at Kaplan University, including provost from 2013-2014 and then president from 2015 through 2018. From 1993 through 2008, she served in various roles at Case Western University, including associate dean of executive education programs and associate dean of external relations.

“I’m excited to join the Adtalem board of directors, especially during this pivotal period in Adtalem’s journey,” said Dr. Vandenbosch. “Adtalem’s mission and vision aligns with my own and I look forward to collaborating and offering insights that will help bring added value to the students it serves.”

Dr. Vandenbosch graduated from Western University, earning a Bachelor of Science degree in Computer Science, then a Master of Business Administration degree. She also earned a PhD in Management Information Systems from the Ivey Business School at Western University.

As a member of the board, Dr. Vandenbosch will advise on emerging technology and solutions that can drive student outcomes and advance innovation within the higher education space. She will play an integral role in bringing the company’s vision to life, being a leading provider of professional talent to the healthcare industry.

About Adtalem Global Education

Adtalem Global Education (NYSE: ATGE) is a national leader in post-secondary education and leading provider of professional talent to the healthcare industry. With a dedicated focus on driving strong outcomes that increase workforce preparedness, Adtalem empowers a diverse learner population to achieve their goals and make inspiring contributions to their communities. Adtalem is the parent organization of American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine and Walden University. Adtalem’s family of institutions has more than 300,000 alumni and nearly 10,000 employees. Adtalem was named one of America’s Most Responsible Companies in 2021 and 2023 by Newsweek and Statista, and one of America’s Best Employers for Diversity in 2021 and 2022 by Forbes and Statista. Visit Adtalem.com for more information and follow on Twitter and LinkedIn.

Contacts

Media Contact
Talisha Holmes
AdtalemMedia@Adtalem.com
+1 872-270-0331

Investor Contact
Jay Spitzer
InvestorRelations@Adtalem.com
+1 312-906-6600

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