<SEC-DOCUMENT>0001157523-18-000081.txt : 20180119
<SEC-HEADER>0001157523-18-000081.hdr.sgml : 20180119
<ACCEPTANCE-DATETIME>20180119160829
ACCESSION NUMBER:		0001157523-18-000081
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180119
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180119
DATE AS OF CHANGE:		20180119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STRAYER EDUCATION INC
		CENTRAL INDEX KEY:			0001013934
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				521975978
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21039
		FILM NUMBER:		18537462

	BUSINESS ADDRESS:	
		STREET 1:		2303 DULLES STATION BOULEVARD
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20171
		BUSINESS PHONE:		703-561-1600

	MAIL ADDRESS:	
		STREET 1:		2303 DULLES STATION BOULEVARD
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20171
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51746115.htm
<DESCRIPTION>STRAYER EDUCATION, INC. 8-K
<TEXT>
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      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 18pt"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d)&#160;of </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>the
      Securities Exchange Act of 1934</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report &#160;(Date of earliest event reported):&#160;January 19, 2018</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><br>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 24pt"><b>Strayer Education, Inc.</b></font></u><b><u><font style="font-size: 24pt"><br style="font-size: 24pt"></font></u></b>(Exact
      Name of Registrant as Specified in Charter)
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt"><b>Maryland</b></font></u><u><br></u>(State
      or Other Jurisdiction of Incorporation)
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>0-21039</b></u>
          </p>
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>52-1975978</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Commission
            File Number)</font>
          </p>
        </td>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <u><b>2303 Dulles Station Boulevard</b></u><b><u><br></u><u>Herndon, VA
      20171</u></b><br>(Address of Principal Executive Offices) (Zip Code)
    </p>
    <p style="text-align: center">
      <u><b>(703) 561-1600</b></u><b><u><br></u></b>(Registrant&#8217;s telephone
      number, including area code)
    </p>
    <p style="text-align: center">
      <u><b>Not Applicable</b></u><b><u><br></u></b>(Former Name or Former
      Address, if Changed Since Last Report)
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8864;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      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 13(a) of the Exchange Act. &#160;<font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>

    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify; white-space: nowrap">
      <b>Item 5.07.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Submission of Matters to a Vote of Security
      Holders</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      On January 19, 2018, Strayer Education, Inc. (&#8220;<u>Strayer</u>&#8221;)
      held a special meeting of stockholders (the &#8220;<u>Special Meeting</u>&#8221;)
      in connection with the previously announced merger pursuant to the
      Agreement and Plan of Merger, dated as of October 29, 2017, by and among
      Strayer, Capella Education Company (&#8220;<u>Capella</u>&#8221;) and Sarg Sub
      Inc., (&#8220;<u>Merger Sub</u>&#8221;), whereby Merger Sub, a wholly-owned
      subsidiary of Strayer, will merge with and into Capella (the &#8220;<u>Merger</u>&#8221;).&#160;&#160;As
      of December 11, 2017, the record date for the Special Meeting, there
      were 11,167,425 shares of Strayer common stock, par value $0.01 per
      share (&#8220;<u>Strayer common stock</u>&#8221;), outstanding and entitled to
      vote at the Special Meeting.&#160;&#160;At the Special Meeting, a total of
      10,384,073 shares of Strayer common stock were present in person or
      represented by proxy, constituting a quorum to conduct business.&#160;&#160;
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      A summary of the voting results for each of the proposals listed below,
      each of which is described in detail in Strayer&#8217;s definitive joint proxy
      statement/prospectus filed with the U.S. Securities and Exchange
      Commission on December 8, 2017 (the &#8220;<u>Proxy Statement</u>&#8221;), is
      set forth below:
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      <b>Proposal 1 &#8211; Share Issuance Proposal.</b>&#160;&#160;The stockholders
      voted on the proposal to approve the issuance of shares of Strayer
      common stock to shareholders of Capella in connection with the Merger.
      Stockholders voted as follows:
    </p>
    <p style="text-align: justify; text-indent: 30.0px">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>For</b>
        </td>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>Against</b>
        </td>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>Abstain</b>
        </td>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>Broker Non-Votes</b>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          10,278,067
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          75,026
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          30,980
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          &#8212;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify; text-indent: 60.0px">

    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      Accordingly, the proposal regarding issuance of Strayer common stock to
      shareholders of Capella in connection with the Merger was approved.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      <b>Proposal 2 &#8211; Charter Amendment Proposal.</b>&#160;&#160;The stockholders
      voted on the proposal to amend and restate Strayer&#8217;s charter to provide
      for certain changes as shown in Annex B to the Proxy Statement (such
      changes to include changing Strayer&#8217;s corporate name from &#8220;Strayer
      Education, Inc.&#8221; to &#8220;Strategic Education, Inc.&#8221; and increasing the
      number of shares of Strayer common stock that Strayer is authorized to
      issue under its charter to 32,000,000). Stockholders voted as follows:
    </p>
    <p style="text-align: justify; text-indent: 30.0px">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>For</b>
        </td>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>Against</b>
        </td>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>Abstain</b>
        </td>
        <td style="text-align: center; width: 25%; padding-left: 0.0px" valign="top">
          <b>Broker Non-Votes</b>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          10,247,691
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          106,011
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          30,371
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 25%; padding-left: 0.0px" valign="top">
          &#8212;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify; text-indent: 60.0px">

    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      Accordingly, the proposal to amend and restate Strayer&#8217;s charter was
      approved.&#160;&#160;If Strayer and Capella do not consummate the Merger, Strayer
      will not amend and restate the Strayer charter to effect the amendments
      contemplated by the Charter Amendment Proposal, even though Strayer
      stockholders have approved the Charter Amendment Proposal.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      <b>Proposal 3 &#8211; Adjournment Proposal.</b>&#160;&#160;Because a quorum was
      present at the Special Meeting and each of Proposal 1 and Proposal 2
      received the requisite votes needed for their approval, a vote on the
      proposal to approve the adjournment of the Special Meeting, if necessary
      or appropriate, including to solicit additional proxies in favor of
      Proposal 1 and/or Proposal 2 if there were insufficient votes at the
      time to approve either or both proposals, was not called.
    </p>
    <p style="text-align: justify; white-space: nowrap">
      <b>Item 8.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      On January 19, 2018, Strayer issued a press release announcing the
      results of stockholder voting at the Special Meeting in connection with
      the Merger. A copy of the press release is attached hereto as Exhibit
      99.1 and is incorporated by reference herein.
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; text-align: center; font-family: Times New Roman">
          2
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify; white-space: nowrap">
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events</b>
    </p>
    <p style="margin-right: 30.0px; margin-left: 30.0px; text-align: justify">
      <b>(d) Exhibits</b>
    </p>
    <p style="margin-right: 30.0px; margin-left: 30.0px; text-align: justify">
      The following exhibit is filed as part of this Current Report on Form
      8-K:
    </p>
    <p style="margin-right: 30.0px; margin-left: 30.0px; text-align: justify; white-space: nowrap">
      <a href="a51746115ex99_1.htm">99.1</a>&#160;&#160;&#160;&#160;&#160;&#160;<a href="a51746115ex99_1.htm">Press
      release of Strayer dated January 19, 2018.</a>
    </p>
    <p style="text-align: justify">
      <b>Forward Looking Statements</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      This communication contains certain forward-looking statements made
      pursuant to the Private Securities Litigation Reform Act of 1995 (the &#8220;<u>Reform
      Act</u>&#8221;). Such statements may be identified by the use of words such as
      &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;assume,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;will,&#8221;
      &#8220;forecast,&#8221; &#8220;outlook,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; or similar words and may
      include statements with respect to, among other things, the proposed
      merger of a wholly-owned subsidiary of Strayer with and into Capella,
      including the expected timing of completion of the Merger; the
      anticipated benefits of the Merger, including estimated synergies; the
      combined company&#8217;s plans, objectives and expectations; future financial
      and operating results; and other statements that are not historical
      facts. The statements are based on Strayer&#8217;s current expectations and
      are subject to a number of assumptions, uncertainties and risks.&#160;In
      connection with the safe-harbor provisions of the Reform Act, Strayer
      has identified important factors that could cause Strayer&#8217;s actual
      results to differ materially from those expressed in or implied by such
      statements. The assumptions, uncertainties and risks include:
    </p>
    <p style="text-align: justify; text-indent: 30.0px">

    </p>
    <ul style="font-size: 10pt; margin-left: 30.0px">
      <li style="margin-bottom: 10.0px">
        the risk that the Merger may not be completed in a timely manner or at
        all due to the failure to satisfy other conditions (including
        obtaining required regulatory and educational agency approvals) to
        completion of the Merger;
      </li>
      <li style="margin-bottom: 10.0px">
        the occurrence of any event, change or other circumstance that could
        give rise to the termination of the merger agreement;
      </li>
      <li style="margin-bottom: 10.0px">
        the outcome of any legal proceeding that may be instituted against
        Strayer, Capella and others following the announcement of the Merger;
      </li>
      <li style="margin-bottom: 10.0px">
        the amount of the costs, fees, expenses and charges related to the
        Merger;
      </li>
      <li style="margin-bottom: 10.0px">
        the risk that the benefits of the Merger, including expected
        synergies, may not be fully realized or may take longer to realize
        than expected;
      </li>
      <li style="margin-bottom: 10.0px">
        the risk that the Merger may not advance the combined company&#8217;s
        business strategy and growth strategy;
      </li>
      <li style="margin-bottom: 10.0px">
        the risk that the combined company may experience difficulty
        integrating Strayer&#8217;s and Capella&#8217;s employees or operations;
      </li>
      <li style="margin-bottom: 10.0px">
        the potential diversion of Strayer&#8217;s management&#8217;s attention resulting
        from the proposed Merger; and
      </li>
      <li style="margin-bottom: 10.0px">
        other risks and uncertainties identified in Strayer&#8217;s filings with the
        Securities and Exchange Commission.
      </li>
    </ul>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Actual results may differ materially from those projected in the
      forward-looking statements. Strayer undertakes no obligation to update
      or revise forward-looking statements.<b>&#160;</b>
    </p>
    <p style="text-align: justify; text-indent: 60.0px">

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; text-align: center; font-family: Times New Roman">
          3
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Additional Information and Where to Find It</b>
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      Investors and security holders are urged to carefully review and
      consider each of Strayer&#8217;s and Capella&#8217;s public filings with the
      Securities and Exchange Commission (the &#8220;<u>SEC</u>&#8221;), including
      but not limited to their Annual Reports on Form 10-K, their proxy
      statements, their Current Reports on Form 8-K and their Quarterly
      Reports on Form 10-Q. The documents filed by Strayer with the SEC may be
      obtained free of charge at Strayer&#8217;s website at
      www.strayereducation.com, in the &#8220;Investor Relations&#8221; tab at the top of
      the page, or at the SEC&#8217;s website at www.sec.gov. These documents may
      also be obtained free of charge from Strayer by requesting them in
      writing to 2303 Dulles Station Boulevard, Herndon, VA 20171. The
      documents filed by Capella with the SEC may be obtained free of charge
      at Capella&#8217;s website at www.capellaeducation.com, in the &#8220;Investor
      Relations&#8221; tab at the top of the page, or at the SEC&#8217;s website at
      www.sec.gov. These documents may also be obtained free of charge from
      Capella by requesting them in writing to 225 South 6th Street, 9th
      Floor, Minneapolis, Minnesota 55402.
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      In connection with the proposed transaction, on November 20, 2017,
      Strayer filed a registration statement on Form S-4 with the SEC which
      included a joint proxy statement of Strayer and Capella and a prospectus
      of Strayer. The registration statement was amended on December 4, 2017
      and declared effective on December 8, 2017. On January 19, 2018 at their
      respective special meetings, Strayer&#8217;s stockholders approved the
      issuance of Strayer common stock and the amendment and restatement of
      Strayer&#8217;s charter, each in connection with the Merger, and Capella
      shareholders approved the Agreement and Plan of Merger, dated as of
      October 29, 2017, by and among the Company, Capella and Merger Sub.
      INVESTORS AND SECURITY HOLDERS OF STRAYER AND CAPELLA ARE URGED TO
      CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROXY STATEMENT, AS
      WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND ANY OTHER
      RELEVANT DOCUMENTS FILED WITH THE SEC, WHEN THEY BECOME AVAILABLE,
      BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
      TRANSACTION. Investors and security holders can obtain the registration
      statement and the Proxy Statement free of charge from the SEC&#8217;s website
      or from Strayer or Capella as described above. The contents of the
      websites referenced above are not deemed to be incorporated by reference
      into the registration statement or the Proxy Statement.
    </p>
    <p style="text-align: justify; white-space: nowrap">
      <b>No Offer or Solicitations&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b>
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      This document shall not constitute an offer to sell or buy or the
      solicitation of an offer to buy or sell any securities, nor shall there
      be any sale of securities in any jurisdiction in which such offer,
      solicitation or sale would be unlawful prior to registration or
      qualification under the securities laws of any such jurisdiction. No
      offering of securities shall be made except by means of a prospectus
      meeting the requirements of Section 10 of the Securities Act of 1933.
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; text-align: center; font-family: Times New Roman">
          4
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 60.0px">
      <font style="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.</font>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
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        <td style="width: 3%">

        </td>
        <td colspan="2">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            STRAYER EDUCATION, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td colspan="2">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 3%; padding-left: 0.0px" valign="top">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 42%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; width: 3%; padding-left: 0.0px" valign="top">
          Date:
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; width: 50%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            January 19, 2018
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; width: 2%; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; text-align: left; border-bottom-style: solid; width: 42%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Daniel W. Jackson
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 42%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Daniel W. Jackson
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 42%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Executive Vice President and Chief Financial
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 42%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">
      5
    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51746115ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Strayer
      Education, Inc. Stockholders Approve</b></font><b><font style="font-size: 12pt; font-family: Times New Roman">
      </font><font style="font-size: 12pt; font-family: Times New Roman">Proposed
      Merger with Capella Education Company</font></b>
    </p>
    <p>
      HERNDON, Va.--(BUSINESS WIRE)--January 19, 2018--Strayer Education, Inc.
      (NASDAQ: STRA) announced today that at a special meeting this morning,
      its stockholders approved proposals to effect the previously announced
      merger between Strayer Education, Inc. and Capella Education Company.
      These stockholder approved proposals, which will take effect at the time
      of the consummation of the merger, include an increase in the number of
      the company&#8217;s authorized shares of common stock to 32,000,000; the
      issuance of shares of Strayer Education, Inc. common stock to effectuate
      the merger; and the change of the company&#8217;s name from &#8220;Strayer
      Education, Inc.&#8221; to &#8220;Strategic Education, Inc.&#8221;
    </p>
    <p>
      As a result of the proposed merger, Strategic Education, Inc. will be
      the corporate entity under which both Strayer University and Capella
      University will continue to operate as independent and separately
      accredited institutions. Together, the two universities will serve
      approximately 80,000 students across all 50 states. The combination is
      expected to achieve corporate level efficiencies that will enable each
      university to accelerate innovations that improve affordability, and
      enhance academic and career outcomes for students. The proposed merger,
      which is anticipated to close in the third quarter of 2018, is subject
      to the satisfaction of customary closing conditions, including approvals
      by the Department of Education, State regulators, and relevant
      accreditation bodies.
    </p>
    <p>
      Strayer Education, Inc. also announced today that it will host a
      conference call to discuss its fourth quarter earnings on Friday, March
      2 at 8:30 a.m. (ET). A news release outlining the financial results will
      be issued after the market closes on Thursday, March 1. To participate
      in the live call on March 2, investors should dial (877) 303-9047 ten
      minutes prior to the start time. In addition, the call will be available
      via webcast. To access the live webcast of the conference call, please
      go to <u>www.strayereducation.com</u> 15 minutes prior to the start time
      of the call to register. Following the call, the webcast will be
      archived and available at <u>www.strayereducation.com</u>.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About Strayer Education, Inc.</b>
    </p>
    <p>
      Strayer Education, Inc. (NASDAQ: STRA) is educating a more competitive
      and qualified workforce by solving higher education&#8217;s most challenging
      problems. It includes Strayer University, a regionally accredited
      institution that delivers affordable degree programs for working adults,
      and a Top 25 Princeton Review-ranked executive MBA program through the
      Jack Welch Management Institute. Non-degree web and mobile application
      development courses are offered through the New York Code + Design
      Academy. Strayer also transforms the workforces of its corporate
      partners through customized degree and professional development
      programs. By deploying innovative teaching methods and technologies that
      enhance student learning outcomes, Strayer makes it possible for working
      adults to acquire the skills they need to succeed in today&#8217;s rapidly
      changing economy.
    </p>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      This communication contains certain forward-looking statements made
      pursuant to the Private Securities Litigation Reform Act of 1995 (the &#8220;<u>Reform
      Act</u>&#8221;). Such statements may be identified by the use of words such as
      &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;assume,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;will,&#8221;
      &#8220;forecast,&#8221; &#8220;outlook,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; or similar words and may
      include statements with respect to, among other things, the proposed
      merger of a wholly-owned subsidiary of Strayer with and into Capella,
      including the expected timing of completion of the Merger; the
      anticipated benefits of the Merger, including estimated synergies; the
      combined company&#8217;s plans, objectives and expectations; future financial
      and operating results; and other statements that are not historical
      facts. The statements are based on Strayer&#8217;s current expectations and
      are subject to a number of assumptions, uncertainties and risks.&#160;In
      connection with the safe-harbor provisions of the Reform Act, Strayer
      has identified important factors that could cause Strayer&#8217;s actual
      results to differ materially from those expressed in or implied by such
      statements. The assumptions, uncertainties and risks include:
    </p>
    <ul style="margin-left: 30.0px">
      <li style="margin-bottom: 10.0px">
        the risk that the Merger may not be completed in a timely manner or at
        all due to the failure to satisfy other conditions (including
        obtaining required regulatory and educational agency approvals) to
        completion of the Merger;
      </li>
      <li style="margin-bottom: 10.0px">
        the occurrence of any event, change or other circumstance that could
        give rise to the termination of the merger agreement;
      </li>
      <li style="margin-bottom: 10.0px">
        the outcome of any legal proceeding that may be instituted against
        Strayer, Capella and others following the announcement of the Merger;
      </li>
      <li style="margin-bottom: 10.0px">
        the amount of the costs, fees, expenses and charges related to the
        Merger;
      </li>
      <li style="margin-bottom: 10.0px">
        the risk that the benefits of the Merger, including expected
        synergies, may not be fully realized or may take longer to realize
        than expected;
      </li>
      <li style="margin-bottom: 10.0px">
        the risk that the Merger may not advance the combined company&#8217;s
        business strategy and growth strategy;
      </li>
      <li style="margin-bottom: 10.0px">
        the risk that the combined company may experience difficulty
        integrating Strayer&#8217;s and Capella&#8217;s employees or operations;
      </li>
      <li style="margin-bottom: 10.0px">
        the potential diversion of Strayer&#8217;s management&#8217;s attention resulting
        from the proposed Merger; and
      </li>
      <li style="margin-bottom: 10.0px">
        other risks and uncertainties identified in Strayer&#8217;s filings with the
        Securities and Exchange Commission.
      </li>
    </ul>
    <p>
      Actual results may differ materially from those projected in the
      forward-looking statements. Strayer undertakes no obligation to update
      or revise forward-looking statements.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Additional Information and Where to Find It</b>
    </p>
    <p>
      Investors and security holders are urged to carefully review and
      consider each of Strayer&#8217;s and Capella&#8217;s public filings with the
      Securities and Exchange Commission (the &#8220;SEC&#8221;), including but not
      limited to their Annual Reports on Form 10-K, their proxy statements,
      their Current Reports on Form 8-K and their Quarterly Reports on Form
      10-Q. The documents filed by Strayer with the SEC may be obtained free
      of charge at Strayer&#8217;s website at <u>www.strayereducation.com</u>,
      in the &#8220;Investor Relations&#8221; tab at the top of the page, or at the SEC&#8217;s
      website at <u>www.sec.gov</u>. These documents may also be obtained free
      of charge from Strayer by requesting them in writing to 2303 Dulles
      Station Boulevard, Herndon, VA 20171. The documents filed by Capella
      with the SEC may be obtained free of charge at Capella&#8217;s website at <u>www.capellaeducation.com</u>,
      in the &#8220;Investor Relations&#8221; tab at the top of the page, or at the SEC&#8217;s
      website at <u>www.sec.gov</u>. These documents may also be obtained free
      of charge from Capella by requesting them in writing to 225 South 6th
      Street, 9th Floor, Minneapolis, Minnesota 55402.
    </p>
    <p>
      In connection with the proposed transaction, on November 20, 2017,
      Strayer filed a registration statement on Form S-4 with the SEC which
      included a joint proxy statement of Strayer and Capella and a prospectus
      of Strayer. The registration statement was amended on December 4, 2017
      and declared effective on December 8, 2017. On January 19, 2018 at their
      respective special meetings, Strayer&#8217;s stockholders approved the
      issuance of Strayer common stock and the amendment and restatement of
      Strayer&#8217;s charter, each in connection with the Merger, and Capella
      shareholders approved the Agreement and Plan of Merger, dated as of
      October 29, 2017, by and among the Company, Capella and Merger Sub.
      INVESTORS AND SECURITY HOLDERS OF STRAYER AND CAPELLA ARE URGED TO
      CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROXY STATEMENT, AS
      WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND ANY OTHER
      RELEVANT DOCUMENTS FILED WITH THE SEC, WHEN THEY BECOME AVAILABLE,
      BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
      TRANSACTION. Investors and security holders can obtain the registration
      statement and the Proxy Statement free of charge from the SEC&#8217;s website
      or from Strayer or Capella as described above. The contents of the
      websites referenced above are not deemed to be incorporated by reference
      into the registration statement or the Proxy Statement.
    </p>
    <p>
      <b>No Offer or Solicitations</b>
    </p>
    <p>
      This document shall not constitute an offer to sell or buy or the
      solicitation of an offer to buy or sell any securities, nor shall there
      be any sale of securities in any jurisdiction in which such offer,
      solicitation or sale would be unlawful prior to registration or
      qualification under the securities laws of any such jurisdiction. No
      offering of securities shall be made except by means of a prospectus
      meeting the requirements of Section 10 of the Securities Act of 1933.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Strayer Education, Inc.<br>Daniel Jackson<br>Executive Vice
      President and Chief Financial Officer<br>(703) 713-1862<br><u>daniel.jackson@strayer.edu</u>
    </p>
    <p>

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