<SEC-DOCUMENT>0001104659-17-019686.txt : 20170328
<SEC-HEADER>0001104659-17-019686.hdr.sgml : 20170328
<ACCEPTANCE-DATETIME>20170328162111
ACCESSION NUMBER:		0001104659-17-019686
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170323
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170328
DATE AS OF CHANGE:		20170328

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAUREATE EDUCATION, INC.
		CENTRAL INDEX KEY:			0000912766
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				521492296
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38002
		FILM NUMBER:		17719191

	BUSINESS ADDRESS:	
		STREET 1:		650 S. EXETER STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		4108436100

	MAIL ADDRESS:	
		STREET 1:		650 S. EXETER STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SYLVAN LEARNING SYSTEMS INC
		DATE OF NAME CHANGE:	19930929
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a17-9927_28k.htm
<DESCRIPTION>8-K
<TEXT>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">of The Securities Exchange Act of 1934</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of earliest event reported)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">March&nbsp;28, 2017 (March&nbsp;23, 2017)</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Laureate Education,&nbsp;Inc.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">001-38002</font></b></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">52-1492296</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other   jurisdiction<br>   of incorporation)</font></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer<br>   Identification No.)</font></p>    </td>   </tr>  </table>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">650 South Exeter Street</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Baltimore, MD 21202</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(410) 843-6100</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.01.</font></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>Entry into a Material Definitive Agreement.</b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On March&nbsp;28, 2017, Laureate Education,&nbsp;Inc. (the &#147;Company&#148;) entered into a Separation Agreement and General Release (the &#147;Separation Agreement&#148;) with Enderson Guimar&#227;es.&#160; Mr.&nbsp;Guimar&#227;es&#146; service as President and Chief Operating Officer of the Company terminated as of March&nbsp;23, 2017.&#160; He will remain employed and provide transition services until June&nbsp;30, 2017, or such earlier or later date determined by the Company.&#160; Pursuant to the Separation Agreement, and consistent with the existing terms of Mr.&nbsp;Guimar&#227;es&#146; employment letter with the Company and equity compensation award agreements, the Company will provide Mr.&nbsp;Guimar&#227;es a lump sum separation payment of $2,083,837 (which is the sum of his current base salary of $906,016 and target bonus of $1,177,821) after his termination of employment and accelerate vesting of 73,437 restricted stock units.&#160; The vested restricted stock units will be paid within 60 days after his date of termination.&#160; The Company will also pay to Mr.&nbsp;Guimar&#227;es the following accrued but unpaid bonuses at the same time the Company pays bonuses to its executives: (i)&nbsp;$1,245,192 earned for 2016 performance under the 2016 Annual Incentive Plan; and (ii)&nbsp;$1,000,000 earned for 2016 performance under the 2015 - 2017 Laureate Executive Cash Long Term Bonus Plan.&#160; Mr.&nbsp; Guimar&#227;es holds outstanding performance share units and a nonqualified stock option.&#160; There will be no accelerated vesting of either the performance share units or option in connection with termination of Mr.&nbsp;Guimar&#227;es&#146; employment.&#160; Unvested units and stock options will terminate upon termination of employment of Mr Guimar&#227;es. Mr.&nbsp;Guimar&#227;es will remain subject to the Confidentiality, Non-Competition and Non-Solicit Agreement he previously entered into with the Company.&#160; The obligations of the Company to Mr.&nbsp;Guimar&#227;es assumes that he does not exercise his right to revoke the release of claims after execution as provided in the Separation Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The foregoing description of the Separation Agreement is qualified in its entirety by reference to the complete text of the Separation Agreement, which is incorporated herein by reference. A copy of the Separation Agreement will be filed as an exhibit to the Company&#146;s Quarterly Report on Form&nbsp;10-Q for the fiscal quarter ended March&nbsp;31, 2017.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.02.</font></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>Departure of Directors or Principal Officers; Election of Directors; Appointment of Officers; Compensatory Arrangements of Certain Officers.</b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b), (c)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effective March&nbsp;23, 2017, Mr.&nbsp;Guimar&#227;es&#146; employment as President and Chief Operating Officer of the Company terminated.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On March&nbsp;28, 2017, the Company announced that the Board of Directors of the Company (the &#147;Board&#148;) appointed Eilif Serck-Hanssen as President, Chief Administrative Officer and Chief Financial Officer of the Company and Ricardo Berckemeyer as Chief Operating Officer and Chief Executive Officer, LatAm, each appointment effective March&nbsp;28, 2017.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr.&nbsp;Serck-Hanssen, 51, joined Laureate in July&nbsp;2008 as an Executive Vice President and Chief Financial Officer. Mr.&nbsp;Serck-Hanssen will continue to serve as Chief Financial Officer of the Company (in addition to serving as President and Chief Administrative Officer). From February&nbsp;2008 until July&nbsp;2008, Mr.&nbsp;Serck-Hanssen served as chief financial officer and president of international operations at XOJET,&nbsp;Inc. In January&nbsp;2005, Mr.&nbsp;Serck-Hanssen was part of the team that founded Eos Airlines,&nbsp;Inc., a premium airline, and until February&nbsp;2008, Mr.&nbsp;Serck-Hanssen served as its executive vice president and chief financial officer. Prior to starting Eos Airlines, Mr.&nbsp;Serck-Hanssen served in several financial executive positions at US Airways,&nbsp;Inc. (now American Airlines,&nbsp;Inc.) and Northwest Airlines,&nbsp;Inc. (now Delta Airlines,&nbsp;Inc.), including serving as a senior vice president and Treasurer of US Airways,&nbsp;Inc. Prior to joining the airline industry, Mr.&nbsp;Serck-Hanssen spent over five years with PepsiCo,&nbsp;Inc., in various international locations and three years with PricewaterhouseCoopers LLP (formerly Coopers&nbsp;&amp; Lybrand Deloitte) in London. Mr.&nbsp;Serck-Hanssen earned his M.B.A. in finance at the University of Chicago Booth School of Business, a B.A. in management science from the University of Kent at Canterbury (United Kingdom), and a B.S. in civil engineering from the Bergen University College (Norway). He is an Associate Chartered Accountant (ACA) and a member of the Institute of Chartered Accountants in England and Wales.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr.&nbsp;Berckemeyer, 47, has served as Chief Executive Officer, Latin America since May&nbsp;2012. Mr.&nbsp;Berckemeyer will continue to serve as Chief Executive Officer, Latin America of the Company (in addition to serving as Chief Operating Officer). From January&nbsp;2011 through April&nbsp;2012, Mr.&nbsp;Berckemeyer served as Chief Executive Officer of Laureate&#146;s Andean Region. From 2002, when Mr.&nbsp;Berckemeyer joined the Company, through December&nbsp;2010, he served as Senior Vice President&#151;South America within Laureate&#146;s Latin American operations, where he had responsibility for business development in South America. Mr.&nbsp;Berckemeyer received a bachelor&#146;s degree in economics from Universidad del Pacifico (Peru) and an M.B.A. from the University of North Carolina at Chapel Hill.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are no arrangements or understandings between Messrs.&nbsp;Serck-Hanssen and Berckemeyer and any other person pursuant to which Messrs.&nbsp;Serck-Hanssen and Berckemeyer were appointed President, Chief Financial Officer and Chief Administrative Officer and Chief Executive Officer, LatAm and Chief Operating Officer, respectively, of the Company. Messrs.&nbsp;Serck-Hanssen and Berckemeyer have no family relationship with any director or other executive officer of the Company, and have no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a)&nbsp;of Regulation S-K.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Messrs.&nbsp;Serck-Hanssen and Mr.&nbsp;Berckemeyer will continue to be covered by the same compensatory plans and arrangements as prior to their appointments as President, Chief Financial Officer and Chief Administrative Officer and Chief Executive Officer, LatAm and Chief Operating Officer, respectively, of the Company, including receipt of a base salary and participation in the Company&#146;s Annual Incentive Plan (AIP) and Long Term Incentive Plans (LTIP).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On March&nbsp;28, 2017, the Company issued a press release announcing the appointment of Messrs.&nbsp;Serck-Hanssen and Berckemeyer as President, Chief Administrative Officer and Chief Financial Officer and Chief Operating Officer and Chief Executive Officer, LatAm, respectively, of the Company, and the termination of Mr.&nbsp;Guimar&#227;es&#146; employment as President and Chief Operating Officer. A copy of that press release is attached hereto as Exhibit&nbsp;99.1 and incorporated herein by reference.</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item&nbsp;9.01</font></b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b>Financial Statements and Exhibits.</b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;(d)&#160;&#160;&#160;&#160; Exhibits.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press release dated March&nbsp;28, 2017</font></p>    </td>   </tr>  </table>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:23.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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.</font></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LAUREATE   EDUCATION,&nbsp;INC.</font></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Douglas L. Becker</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Douglas L. Becker</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman and Chief   Executive Officer</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: March&nbsp;28, 2017</font></p>    </td>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="304" height="77" src="g99272mmi001.jpg"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Laureate Education Announces Promotions to President&nbsp;&amp; Chief Administrative Officer and Chief Operating Officer</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Baltimore, Maryland &#151; March&nbsp;28, 2017 &#151;</font></b>&nbsp;Laureate Education,&nbsp;Inc. announced today the departure of its President&nbsp;&amp; Chief Operating Officer, Enderson Guimar&#227;es, and the promotions of two of its most senior executives.&nbsp;Eilif Serck-Hanssen, the company&#146;s Chief Financial Officer for the past nine years, will assume the role of President&nbsp;&amp; Chief Administrative Officer.&nbsp;Serck-Hanssen will retain the Chief Financial Officer role until a successor in that role is named.&nbsp;Ricardo Berckemeyer, a 15-year veteran of the company who heads the Latin America region, Laureate&#146;s largest business unit, will assume the role of Chief Operating Officer.&nbsp;Both executives will report to Douglas Becker, the company&#146;s Founder, Chairman, and Chief Executive Officer.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Enderson brought great enthusiasm for our mission and has made many contributions to the company. I want to thank him and wish him well,&#148; said Becker.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Guimar&#227;es, who joined the company in September&nbsp;2015 will be leaving to pursue other opportunities following a transition period over the next several months.&nbsp;&#147;I have tremendous admiration for Laureate and its many impressive educators and leaders, and am confident that the company will continue to be successful in the future,&#148; said Guimar&#227;es.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;We are tremendously fortunate to have two extraordinary and experienced leaders in Ricardo and Eilif, and I am grateful for their commitment to the future of our company,&#148; Becker continued. &#147;Ricardo directed Laureate&#146;s entry into many of the company&#146;s most successful markets and developed operating models that deliver tremendous educational and financial returns. Eilif played an instrumental role in leading Laureate&#146;s initiatives to use technology and new processes to leverage scale, with notable progress in efficiency and quality. I am excited to work with Ricardo, Eilif, and our global team of dedicated and talented leaders to accelerate the growth, performance, and positive social impact of our company.&#148;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About Laureate Education,&nbsp;Inc.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Laureate Education,&nbsp;Inc. is the largest global network of degree-granting higher education institutions, with more than one million students enrolled across 70 institutions in 25 countries at campuses and online. Laureate offers high-quality, undergraduate, graduate, and specialized degree programs in a wide range of academic disciplines that provide attractive employment prospects. Laureate believes that when our students succeed, countries prosper, and societies benefit. This belief is expressed through the company&#146;s philosophy of being &#145;Here for Good&#146; and is represented by its status as a certified B Corporation&#174; and conversion in 2015 to a U.S. Public Benefit Corporation, a new class of corporation committed to creating a positive impact on society. To learn more, visit&nbsp;www.laureate.net.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investor Relations Contact:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ir@laureate.net</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Media Contacts</font></b>:</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Laureate Education</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Adam Smith</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Adam.Smith@laureate.net</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S.: +1 (866) 452 8732 / International: +1 (410) 843 6100</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
