Lincoln Educational Services Corp. Files 8-K with Material Agreements & Officer Changes

TL;DR

Lincoln Educational Services Corp. (LINC) filed an 8-K on 12/19/25 covering material agreements and board changes.

AI Summary

On December 19, 2025, Lincoln Educational Services Corp. filed an 8-K report detailing a material definitive agreement and changes in its board and officer composition. The filing also includes financial statements and exhibits, with the report being officially filed on December 23, 2025.

Why It Matters

This filing indicates significant corporate actions, including new agreements and potential leadership shifts, which could impact the company's strategic direction and operational stability.

Risk Assessment

Risk Level: medium — Material definitive agreements and changes in directors or officers can signal significant strategic shifts or internal restructuring, warranting closer examination.

Key Numbers

• 20251219 — Report Date (Date of earliest event reported in the 8-K filing.)
• 20251223 — Filing Date (Date the 8-K was officially filed with the SEC.)

Key Players & Entities

• LINCOLN EDUCATIONAL SERVICES CORP (company) — Registrant
• December 19, 2025 (date) — Date of Earliest Event Reported
• December 23, 2025 (date) — Conformed Submission Date
• 000-51371 (company) — SEC File Number
• 57-1150621 (company) — IRS Employer Identification No.
• 14 Sylvan Way, Suite A, Parsippany, NJ 07054 (company) — Principal Executive Offices Address
• 973-736-9340 (company) — Business Phone Number

FAQ

Key Financial Figures

• $669,500, M — 2026, as follows: Mr. Shaw will receive $669,500, Mr. Meyers will receive $453,200, Mr. Nyc
• $453,200, M — ceive $669,500, Mr. Meyers will receive $453,200, Mr. Nyce will receive $453,200, Ms. Luste
• $317,474 — ceive $453,200, Ms. Luster will receive $317,474 and Mr. Ace will receive $309,000 which
• $309,000 — ceive $317,474 and Mr. Ace will receive $309,000 which will continue through the remaind

Filing Documents

• ef20061859_8k.htm (8-K) — 35KB
• ef20061859_ex10-1.htm (EX-10.1) — 58KB
• ef20061859_ex10-2.htm (EX-10.2) — 57KB
• ef20061859_ex10-3.htm (EX-10.3) — 58KB
• ef20061859_ex10-4.htm (EX-10.4) — 57KB
• ef20061859_ex10-5.htm (EX-10.5) — 57KB
• 0001140361-25-046577.txt ( ) — 532KB
• linc-20251219.xsd (EX-101.SCH) — 4KB
• linc-20251219_lab.xml (EX-101.LAB) — 21KB
• linc-20251219_pre.xml (EX-101.PRE) — 16KB
• ef20061859_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry Into a Material Definitive Agreement. The information set forth under Item 5.02 below is incorporated in its entirety herein by reference.

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 19, 2025, Lincoln Educational Services Corporation (the "Company") entered into new employment agreements with each of Scott M. Shaw, its Chief Executive Officer and President, Brian K. Meyers, its Executive Vice President and Chief Financial Officer, Chad D. Nyce, its Executive Vice President and Chief Operating Officer, Alexandra M, Luster, its Senior Vice President, General Counsel and Secretary and Stephen E. Ace, its Senior Vice President and Chief Human Resources Officer (collectively, the "Employment Agreements"). The principal purpose of the Employment Agreements was to continue each executive's employment through December 31, 2028 as the previous employment agreements between the Company and the executives are due to expire by their terms on December 31, 2025. The Employment Agreements contain substantially the same terms as the existing employment agreements between the Company and each of the executives previously disclosed by the Company including that each of the executives will continue in their current positions with the Company with base salary adjustments, effective as of January 1, 2026, as follows: Mr. Shaw will receive $669,500, Mr. Meyers will receive $453,200, Mr. Nyce will receive $453,200, Ms. Luster will receive $317,474 and Mr. Ace will receive $309,000 which will continue through the remainder of the term unless adjusted upwards by action of the Company's Board of Directors or its Compensation Committee in its sole discretion. Each executive will continue to be eligible to earn an annual performance bonus based upon achievement of performance targets or other criteria as determined by the Company's Board of Directors or its Compensation Committee and receive substantially similar benefits to those previously received. The foregoing description of the Employment Agreeme

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement dated December 19, 2025 between the Company and Scott M. Shaw. 10.2 Employment Agreement dated December 19, 2025 between the Company and Brian K. Meyers 10.3 Employment Agreement dated December 19, 2025 between the Company and Chad D. Nyce. 10.4 Employment Agreement dated December 19, 2025 between the Company and Alexandra M. Luster. 10.5 Employment Agreement dated December 19, 2025 between the Company and Stephen E. Ace. 104 Cover Page Interactive Data File (embedded within the inline XBRL document).

SIGNATURES

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. LINCOLN EDUCATIONAL SERVICES CORPORATION Date: December 19, 2025 By: /s/ Alexandra M. Luster Name: Alexandra M. Luster Title: SVP & General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR