Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain
Officers
(b) On March 24, 2021, Adtalem Global Education Inc. ("Adtalem") accepted the
resignation of Mr. Michael O. Randolfi as Senior Vice President and Chief
Financial Officer effective April 24, 2021. Mr. Randolfi has agreed to become
the Chief Financial Officer of Personalized Beauty Discovery, Inc., a
venture-backed personal care company. Adtalem intends to conduct a search to
replace its Chief Financial Officer.
Mr. Robert Phelan will serve as interim Chief Financial Officer and Adtalem's
principal financial officer effective as of April 24, 2021. Mr. Phelan has been
Adtalem's Vice President and Chief Accounting Officer and principal accounting
officer since February 2020. Mr. Phelan will continue to serve as Adtalem's
principal accounting officer. Mr. Phelan will report to Ms. Lisa Wardell,
Adtalem's President and Chief Executive Officer.
Prior to joining Adtalem in February 2020, Mr. Phelan served in a variety of
financial and operational roles of increasing responsibility at Sears Holding
Corp., which he joined in 1996.
The terms of Mr. Phelan's compensation have not yet been determined. In
accordance with Instruction 2 of Item 5.02 of Form 8-K, Adtalem will amend this
Current Report on Form 8-K within four business days after such information is
determined or becomes available.
A copy of the press release relating to this Item 5.02 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
99.1 Adtalem Global Education Inc. Press Release dated March 30,
2021.
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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/ Stephen W. Beard
Stephen W. Beard, Chief Operating Officer
Date: March 30, 2021
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