AGM/EGMMay 11, 2026, 06:07 AM
Lincoln Educational Shareholders Approve All Proposals at 2026 Annual Meeting
AI Summary
Lincoln Educational Services Corporation held its 2026 Annual Meeting of Shareholders on May 7, 2026, where all proposals were approved. Shareholders elected 10 directors, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as the independent registered public accounting firm for 2026. The company also presented its strategic plan, projecting revenue over $600M and adjusted EBITDA over $90M by 2027.
Key Highlights
- Shareholders elected 10 directors for a one-year term.
- Advisory proposal to approve named executive officer compensation passed with 22,584,287 votes for.
- Appointment of Deloitte & Touche LLP as independent auditor for 2026 was ratified with 26,809,750 votes for.
- Company presented its strategic plan, projecting revenue over $600M by 2027.
- Adjusted EBITDA is projected to exceed $90M by 2027.
- The company plans to have 24 campuses open by 2027, including two new projected openings.
Price Impact
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