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LAUREATE EDUCATION, INC.

(LAUR)
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LAUREATE EDUCATION, INC. : Change in Directors or Principal Officers (form 8-K)

03/31/2021 | 04:17pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.



On March 25, 2021, Steven M. Taslitz informed the Board of Directors (the "Board") of Laureate Education, Inc. (the "Company") that he will not stand for re-election to the Board at the Company's 2021 Annual Meeting of Stockholders to be held on May 26, 2021. Mr. Taslitz's decision not to stand for re-election is not due to any disagreement with the Company. Mr. Taslitz, a member of the Board since 2007 and a member of the Board's Committee on Education, will continue to serve as a director until the expiration of his current term at the 2021 Annual Meeting of Stockholders.

Pursuant to the Amended and Restated Securityholders Agreement, dated as of February 6, 2017, by and among Wengen Alberta, Limited Partnership, an Alberta limited partnership and our controlling stockholder ("Wengen"), the Company and the other parties thereto, Sterling Capital Partners II, L.P., Sterling Capital Partners III, L.P., SP L Affiliate, LLC, Douglas L. Becker and Mr. Taslitz and each of their respective affiliates (together, the "Sterling Parties") are entitled to designate one of the Company's directors for so long as the Sterling Parties beneficially own at least 5,357,143 shares held through or acquired from Wengen. Mr. Taslitz currently serves as the director designated by the Sterling Parties. At this time, the Sterling Parties do not intend to designate a replacement to fill the vacancy created by Mr. Taslitz's decision not to stand for re-election. While the Board intends to decrease the size of the Board from eleven to ten members effective as of the date of the Company's 2021 Annual Meeting of Stockholders, the Sterling Parties will retain the right to designate a director until they cease to beneficially own the requisite number of shares.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 1 025 M - -
Net income 2021 -133 M - -
Net cash 2021 1 613 M - -
P/E ratio 2021 -23,3x
Yield 2021 -
Capitalization 2 992 M 2 992 M -
EV / Sales 2021 1,34x
EV / Sales 2022 1,17x
Nbr of Employees 17 500
Free-Float 46,8%
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Mean consensus BUY
Number of Analysts 1
Average target price 17,00 $
Last Close Price 15,38 $
Spread / Highest target 10,5%
Spread / Average Target 10,5%
Spread / Lowest Target 10,5%
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Managers and Directors
NameTitle
Eilif Serck-Hanssen President, Chief Executive Officer & Director
Richard M. Buskirk Chief Financial Officer & Senior Vice President
Kenneth W. Freeman Chairman
Marcelo Barbalho Cardoso Chief Operating Officer
Richard H. Sinkfield Chief Legal, Ethics & Compliance Officer
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