<SEC-DOCUMENT>0000950123-11-079441.txt : 20110823
<SEC-HEADER>0000950123-11-079441.hdr.sgml : 20110823
<ACCEPTANCE-DATETIME>20110823150046
ACCESSION NUMBER:		0000950123-11-079441
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110823
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20110823
DATE AS OF CHANGE:		20110823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grand Canyon Education, Inc.
		CENTRAL INDEX KEY:			0001434588
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				203356009
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34211
		FILM NUMBER:		111051915

	BUSINESS ADDRESS:	
		STREET 1:		3300 W. CAMELBACK ROAD
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85017
		BUSINESS PHONE:		602-639-7500

	MAIL ADDRESS:	
		STREET 1:		3300 W. CAMELBACK ROAD
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85017
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c21787e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<HEAD>
<TITLE>Form 8-K</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): August 23, 2011 (August 18, 2011)</B>

<P style="font-size: 24pt" align="center"><B>Grand Canyon Education,
Inc.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="text-align: center; font-size: 10pt" border="0" cellspacing="0"
cellpadding="0" width="100%">

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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-34211</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>20-3356009</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
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cellpadding="0" width="100%">

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  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>3300 W. Camelback
Road<BR>
Phoenix, Arizona</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>85017</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(602) 639-7500</B>
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cellpadding="0" width="30%">

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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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<P style="text-indent: 2%; font-size: 10pt" align="left"><B>Item&nbsp;5.02.
<U>Departure of Directors or Certain Officers: Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers</U>.</B>

<P style="text-indent: 2%; font-size: 10pt" align="left">Effective
August&nbsp;18, 2011, the Board of Directors of Grand Canyon Education, Inc.
(the &#8220;Company&#8221;) appointed Bradley A. Casper to the Company&#8217;s
Board of Directors for a term expiring at the 2012 annual meeting of
stockholders, or until his respective successor is elected or qualified or
until his earlier resignation or removal. Mr.&nbsp;Casper will also serve as a
member of the Audit Committee of the Board of Directors. Mr.&nbsp;Casper fills
the vacancies created on the Board of Directors and the Audit Committee by the
resignation of Gerald J. Colangelo on July&nbsp;1, 2011.

<P style="text-indent: 2%; font-size: 10pt" align="left">Mr.&nbsp;Casper has
served since March&nbsp;2011 as the Executive Chairman of Dymatize Nutrition,
Inc., a private-equity backed sports nutrition company based in Dallas, Texas.
From 2005 to 2010, Mr.&nbsp;Casper served as the President and Chief Executive
Officer of The Dial Corporation, a consumer products manufacturing company
based in Scottsdale, Arizona. From 2002 to 2005, Mr.&nbsp;Casper served as the
President of the Personal Care division of Church &amp; Dwight Co., Inc., a
manufacturer and distributor of consumer goods company based in Princeton, New
Jersey. Prior to that time, he served in various positions over 16&nbsp;years
at Procter &amp; Gamble Co. Mr.&nbsp;Casper received his Bachelor of Science
degree in Finance from Virginia Tech University and is a graduate of the
Financial Management Program at General Electric Company.

<P style="text-indent: 2%; font-size: 10pt" align="left">In connection with his
appointment as a director, the Company will enter into an indemnification
agreement with Mr.&nbsp;Casper (a form of which is filed as Exhibit&nbsp;10.21
to Amendment No.&nbsp;2 to our Registration Statement on Form S-1, filed
September&nbsp;29, 2008). As a non-employee director of the Company,
Mr.&nbsp;Casper will receive an initial award of restricted stock under the
Company&#8217;s 2008 Equity Incentive Plan valued at $20,000 as of the date of
grant, which will vest on the one year anniversary of the date of grant,
subject to accelerated vesting in the event of a change in control. For serving
on the Board of Directors, Mr.&nbsp;Casper will receive an annual retainer of
$60,000 in cash or, at his election, an annual retainer of $40,000 in cash and
an award of restricted stock under the 2008 Equity Incentive Plan valued at
$60,000. The non-employee director restricted stock grants are made after the
Company&#8217;s annual meeting of stockholders each year and vest on the
earlier of the one year anniversary of the date of grant or immediately prior
to the following year&#8217;s annual meeting of stockholders, subject to
acceleration in the event of a change in control. He will also receive an
additional annual retainer of $5,000 in cash for serving as a member of the
Audit Committee. The Company reimburses all of its directors for reasonable
expenses incurred to attend board meetings.

<P style="text-indent: 2%; font-size: 10pt" align="left">Except as set forth
above, Mr.&nbsp;Casper was not appointed pursuant to any arrangement or
understanding with any other person.

<P>
<P style="text-indent: 2%; font-size: 10pt" align="left"><B>Item&nbsp;8.01.&nbsp;<U>Other Events</U>.</B>



<P style="text-indent: 3%; font-size: 10pt" align="left">As previously reported
in our Current Report on Form 8-K filed July&nbsp;26, 2011, on July&nbsp;21,
2011,&nbsp;the Company received a letter from The Nasdaq Stock Market
(&#8220;Nasdaq&#8221;) indicating that, as a result of
Mr.&nbsp;Colangelo&#8217;s resignation on July&nbsp;1, 2011, it no longer
complied with the Nasdaq audit committee requirement for continued listing as
set forth in Listing Rule&nbsp;5605(c)(2)(A), which requires a listed company
to have an audit committee composed of at least three independent directors. Following our notification to Nasdaq of the appointment of Mr. Casper to our Board of Directors and to our Audit Committee, Nasdaq informed the Company, by letter dated August&nbsp;23, 2011, that the Company is now in compliance with the audit committee composition requirement.

<P style="text-indent: 3%; font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="text-indent: 1%; font-size: 10pt" align="left">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, thereunto
duly authorized.

<P style="text-indent: 47%; font-size: 10pt" align="left">GRAND CANYON
EDUCATION, INC.

<Div style="font-size: 10pt" align="center">&nbsp;</DIV>

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style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt"
valign="top">
  <TD width="47%" nowrap align="left">Date: August 23, 2011 </TD>
  <TD width="3%">By:</TD>
  <TD width="40%" style="border-bottom: #000000 1px solid">/s/ Daniel E. Bachus</TD>
  <TD width="10%">&nbsp;</TD>
 </TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>Daniel E. Bachus<BR>
Chief Financial Officer<BR>
(Principal Financial and
Principal Accounting Officer)</TD>
  <TD>&nbsp;</TD>
  </TR>
</TABLE>




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<P style="display: none; font-size: 10pt" align="center">3
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