Laureate Education Enters Material Definitive Agreement
Ticker: LAUR · Form: 8-K · Filed: Mar 6, 2024 · CIK: 912766
| Field | Detail |
|---|---|
| Company | Laureate Education, Inc. (LAUR) |
| Form Type | 8-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.004, $12.62, $32,894,118, $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
Related Tickers: LAUR
TL;DR
LAUR signs new deal, details TBD.
AI Summary
On March 5, 2024, Laureate Education, Inc. entered into a Material Definitive Agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for Laureate Education, Inc., the implications of which will depend on the undisclosed terms.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the Material Definitive Agreement introduces uncertainty about its potential impact on Laureate Education, Inc.
Key Players & Entities
- Laureate Education, Inc. (company) — Registrant
- March 5, 2024 (date) — Date of earliest event reported
- March 6, 2024 (date) — Date of Report
FAQ
What is the nature of the Material Definitive Agreement entered into by Laureate Education, Inc.?
The filing does not specify the nature of the Material Definitive Agreement.
Who is the counterparty to the Material Definitive Agreement?
The filing does not disclose the identity of the counterparty to the agreement.
What is the effective date of the Material Definitive Agreement?
The earliest event reported is March 5, 2024, and the date of the report is March 6, 2024.
Are there any financial terms associated with this Material Definitive Agreement disclosed in the filing?
No financial figures or terms related to the Material Definitive Agreement are disclosed in this filing.
What is the primary business of Laureate Education, Inc.?
Laureate Education, Inc. is in the Services-Educational Services industry.
Filing Stats: 488 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-03-06 16:18:14
Key Financial Figures
- $0.004 — ich registered Common Stock, par value $0.004 per share LAUR The NASDAQ Stock Market
- $12.62 — from the Sellers at a purchase price of $12.62 per share for an aggregate purchase pri
- $32,894,118 — hare for an aggregate purchase price of $32,894,118 (the "Purchase Price"). This repurchase
- $100 million — e is pursuant to the Company's existing $100 million share repurchase program that was previ
Filing Documents
- laur-20240306.htm (8-K) — 30KB
- 0001628280-24-009404.txt ( ) — 150KB
- laur-20240306.xsd (EX-101.SCH) — 2KB
- laur-20240306_lab.xml (EX-101.LAB) — 21KB
- laur-20240306_pre.xml (EX-101.PRE) — 12KB
- laur-20240306_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Effective March 5, 2024, Laureate Education, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Purchase Agreement") with each of ILM Investments Limited Partnership, Torreal Sociedad de Capital Riesgo S.A., Pedro del Corro Garca-Lomas, Ana Gmez Cuesta and Jos Diaz-Rato Revuelta (each, a "Seller" and together, the "Sellers"), pursuant to which the Company agreed to purchase an aggregate of 2,606,507 shares of the Company's common stock from the Sellers at a purchase price of $12.62 per share for an aggregate purchase price of $32,894,118 (the "Purchase Price"). This repurchase is pursuant to the Company's existing $100 million share repurchase program that was previously announced on February 22, 2024. 2 SIGNATURE 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. LAUREATE EDUCATION, INC. By: /s/ Leslie S. Brush Name: Leslie S. Brush Title: Deputy General Counsel and Secretary Date: March 6, 2024 3