<SEC-DOCUMENT>0001193125-18-067304.txt : 20180301
<SEC-HEADER>0001193125-18-067304.hdr.sgml : 20180301
<ACCEPTANCE-DATETIME>20180301163126
ACCESSION NUMBER:		0001193125-18-067304
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180301
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:		20180301
DATE AS OF CHANGE:		20180301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAREER EDUCATION CORP
		CENTRAL INDEX KEY:			0001046568
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				363932190
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23245
		FILM NUMBER:		18657863

	BUSINESS ADDRESS:	
		STREET 1:		231 N. MARTINGALE ROAD
		CITY:			SCHAUMBURG
		STATE:			IL
		ZIP:			60173
		BUSINESS PHONE:		8477813600

	MAIL ADDRESS:	
		STREET 1:		231 N. MARTINGALE ROAD
		CITY:			SCHAUMBURG
		STATE:			IL
		ZIP:			60173
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d523697d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C.&nbsp;20549 </B></P> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): March&nbsp;1, 2018 </B></P>
<P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Career Education Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in Charter) </B></P> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">0-23245</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">36-3932190</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>231 N. Martingale Rd., Schaumburg, IL</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>60173</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of Principal Executive Offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code:&nbsp;(847)
<FONT STYLE="white-space:nowrap">781-3600</FONT> </B></P> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former Name or Former Address, if Changed Since Last Report) </B></P>
<P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;&nbsp;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934
<FONT STYLE="white-space:nowrap">(&#167;&nbsp;240.12b-2</FONT> of this chapter). </P> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&#9744;
</P> <P STYLE="margin-top:11pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors (the &#147;<U>Board</U>&#148;) of Career Education Corporation (the &#147;<U>Company</U>&#148;) appointed Ashish Ghia as Senior Vice
President and Chief Financial Officer of the Company effective March&nbsp;1, 2018. Mr.&nbsp;Ghia has served as Interim Chief Financial Officer since September&nbsp;21, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Ghia, age 41, joined the Company in June 2008 and has served in various financial planning and analysis roles with increasing responsibility,
including as Vice President Finance since February 2016 and Vice President Financial Planning&nbsp;&amp; Analysis from October 2012 through January 2016. Mr.&nbsp;Ghia has also served as Assistant Treasurer of the Company since August 2016. Prior to
joining the Company in June 2008, Mr.&nbsp;Ghia was a Business Finance Manager with Sears Holdings Corporation from 2006 to 2008 and also held associate positions with PricewaterhouseCoopers LLP and Ernst&nbsp;&amp; Young prior thereto.
Mr.&nbsp;Ghia holds a Bachelor of Commerce degree in financial accounting and audit from the University of Mumbai and a Master of Business Administration from Georgia State University and is a certified public accountant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no arrangements between Mr.&nbsp;Ghia and any other person pursuant to which he was selected to become Chief Financial Officer of the Company.
Mr.&nbsp;Ghia does not have any family relationship with any executive officer or director of the Company, or with any person selected to become an officer or director of the Company. Neither Mr.&nbsp;Ghia nor any member of his immediate family has
any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this appointment, the Compensation Committee of the Board approved the following revised compensation arrangements for Mr.&nbsp;Ghia
effective March&nbsp;1, 2018: (i) an increased base salary from $350,000 to $375,000 per year, (ii)&nbsp;an annual incentive target value of 75% of base salary, and (iii)&nbsp;a long term incentive target value of 125% of base salary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the Company&#146;s press release regarding this appointment is furnished herewith and attached hereto as <U>Exhibit 99.1</U>. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The exhibits provided pursuant to Item 601 of Regulation
<FONT STYLE="white-space:nowrap">S-K</FONT> are listed in the &#147;Exhibit Index&#148; which is contained in this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and incorporated by reference herein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit Index </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:78.55pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Description of Exhibits</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d523697dex991.htm">Press release of the Company dated March&nbsp;1, 2018 </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">CAREER EDUCATION CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jeffrey D. Ayers</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jeffrey D. Ayers</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President,
General Counsel and</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Corporate Secretary</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">March 1, 2018</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d523697dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>Exhibit 99.1 </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g523697g89g67.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Career Education Names Ashish Ghia as Senior Vice President and Chief Financial Officer </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Schaumburg, Illinois, March</B><B></B><B>&nbsp;1, 2018 &#150; </B>Career Education Corporation (NASDAQ: CECO), a provider of postsecondary education
programs and services, today announced the appointment of Ashish Ghia as Senior Vice President and Chief Financial Officer, effective today. Mr.&nbsp;Ghia has served as Interim Chief Financial Officer since September&nbsp;21, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We are extremely pleased to name Ashish as Chief Financial Officer,&#148; said President and Chief Executive Officer Todd Nelson. &#147;He has been a
critical member of our transition strategy team over these past several years, and his unique skillset and depth of knowledge of our business and industry will be invaluable as we continue moving Career Education forward. We appreciate his past
dedication to Career Education and look forward to the continued strength of his contributions.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Ghia joined the Company in June 2008 and
has served in various financial planning and analysis roles with increasing responsibility, including as Vice President Finance since February 2016 and Vice President Financial Planning&nbsp;&amp; Analysis from October 2012 through January 2016.
Mr.&nbsp;Ghia has also served as Assistant Treasurer of the Company since August 2016. Prior to joining the Company in June 2008, Mr.&nbsp;Ghia was a Business Finance Manager with Sears Holdings Corporation from 2006 to 2008 and also held associate
positions with PricewaterhouseCoopers LLP and Ernst&nbsp;&amp; Young. Mr.&nbsp;Ghia holds a Bachelor of Commerce degree in financial accounting and audit from the University of Mumbai and a Master of Business Administration from Georgia State
University and is a certified public accountant. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ABOUT CAREER EDUCATION CORPORATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Career Education&#146;s academic institutions offer a quality education to a diverse student population in a variety of disciplines through online,
campus-based and blended learning programs. Our two universities &#150; American InterContinental University (&#147;AIU&#148;) and Colorado Technical University (&#147;CTU&#148;) &#150; provide degree programs through the master&#146;s or doctoral
level as well as associate and bachelor&#146;s levels. Both universities predominantly serve students online with career-focused degree programs that are designed to meet the educational demands of today&#146;s busy adults. AIU and CTU continue to
show innovation in higher education, advancing new personalized learning technologies like their intelli<B>path</B><SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> adaptive learning platform. Career Education is committed to providing
quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A listing of individual campus locations and web links to Career Education&#146;s institutions can be found at
<U>www.careered.com</U>. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">### </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CONTACT
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investors: </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Alpha IR Group </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sam Gibbons or Chris Hodges </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(312)
<FONT STYLE="white-space:nowrap">445-2870</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U><FONT STYLE="white-space:nowrap">CECO@alpha-ir.com</FONT> </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">OR </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Career Education Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(847) <FONT
STYLE="white-space:nowrap">585-2600</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>media@careered.com </U></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">### </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g523697g89g67.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g523697g89g67.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M%.G'E@C&6'YW=G:Z+H&F:!:_9M-M$@3N5')^IKFG4G-WDS:$%!61I]*@TL%
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M'_A';%[-+IYXC(SKOZJ2<F@"#5O!^EZOX@TW6Y4,=_8/NCD3C</1O44 =#0
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MR?>@#J* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
+H * "@ H * /_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
