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Strayer Education, Inc. Reports Fourth Quarter And Full Year 2012 Revenues And Earnings; And Winter Term 2013 Enrollments; And CEO Succession Plans

Stocks in this article: STRA

Business Outlook

Based on the enrollments announced for the 2013 winter term, the Company estimates first quarter 2013 diluted earnings per share will be in the range of $1.45 to $1.47.

2013 Annual Meeting of Stockholders

The Company announced today that its 2013 Annual Meeting of Stockholders will take place on Thursday, May 2, 2013 at the Company’s office located at 2303 Dulles Station Blvd., Herndon, Virginia 20171. The record date for this annual meeting will be March 15, 2013.

CEO Succession

The Company announced today that at its next annual meeting on May 2, 2013, Robert S. Silberman will assume the role of full-time Executive Chairman of the Board, and the Company’s current President and Chief Operating Officer, Karl McDonnell, will assume the role of Chief Executive Officer. “In his seven years as our Chief Operating Officer, as well as the last two years as a member of our Company’s Board of Directors, Karl has proven his leadership abilities,” stated Mr. Silberman, “the Board and I have complete confidence in Karl, and look forward to his stewardship of our institution.”

Conference Call with Management

Strayer Education, Inc. will host a conference call to discuss its fourth quarter 2012 earnings at 10:00 a.m. (ET) today. To participate in the live call, investors should dial (877) 303-9047 10 minutes prior to the start time. In addition, the call will be available via live webcast. To access the live webcast of the conference call, please go to www.strayereducation.com 15 minutes prior to the start time of the call to register. Following the call, the webcast will be archived and available at www.strayereducation.com.

About Strayer Education, Inc.

Strayer Education, Inc. (Nasdaq: STRA) is an education services holding company that owns Strayer University. Strayer’s mission is to make higher education achievable for working adults in today’s economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to working adult students at 100 campuses in 24 states and Washington, D.C. and worldwide via the Internet. Strayer University also offers an executive MBA online through its Jack Welch Management Institute. Strayer University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

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