K12 Inc. Announces The Appointment Of Former Governor John M. Engler To The Board Of Directors
K12 Inc. (NYSE: LRN), a leading provider of proprietary,
technology-based curriculum, software and education services created for
individualized learning for students primarily in kindergarten through
12th grade, today...
K12 Inc. (NYSE: LRN), a leading provider of proprietary, technology-based curriculum, software and education services created for individualized learning for students primarily in kindergarten through 12th grade, today announced the appointment of John M. Engler to the Board of Directors for the Company. Mr. Engler has been President of the Business Roundtable, an association of chief executive officers of leading U.S. companies, since January 2011. From 2004 to 2011, Mr. Engler served as President and Chief Executive Officer of the National Association of Manufacturers. He was President of State and Local Government and Vice President of Government Solutions for North America for Electronic Data Systems Corporation from 2003 to 2004. Mr. Engler served as Michigan's 46th governor for three terms from 1991 to 2003. He also currently serves on the Board of Directors of Universal Forest Products Inc. and Munder Capital Management. "We are fortunate to add such a distinguished individual to the board, and look forward to the business and leadership experience Mr. Engler brings to our Company," said Ron Packard, Chief Executive Officer of K12 Inc. Nate Davis, Chairman of the Board of Directors of K12 Inc., commented, "Mr. Engler will further diversify and complement the talent of our board of directors, and I am confident the Company will benefit from the unique insights and knowledge he will bring." The appointment of Mr. Engler was effective October 22, 2012. About K12 Inc. K12 Inc. (NYSE: LRN), a technology-based education company, is the nation's largest provider of proprietary curriculum and online education programs for students in kindergarten through high school. Using 21st century tools to prepare 21st century students, K12 provides a new choice for students to learn in a flexible and innovative way, at an individualized pace. K12 provides curriculums and academic services to public and private online schools and districts, traditional classrooms, blended school programs and directly to families. K12 is accredited through AdvancED, the world's largest education community. Additional information on K12 can be found at www.K12.com.
Investors considering a purchase of K12 Inc stock, but cautious about paying the going market price of $10.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $7.50 strike, which has a bid at the time of this writing of 25 cents.