Lincoln Educational Services Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): May 12, 2026

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(Exact Name of Registrant as Specified in Charter)

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(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (973) 736-9340

Not applicable

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(Former name or former address, if changed since last report)

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:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934  (§240.12b-2 of this chapter).

Emerging growth company ☐

 

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.  ☐

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On May 12, 2026, Lincoln Technical Institute, Inc. (“Lincoln Technical Institute”), a wholly-owned subsidiary of Lincoln Educational Services Corporation, entered into a purchase and sale agreement (the “Purchase and Sale Agreement”) with Melrose Omni, LLC, an Illinois limited liability company (the “Seller”), pursuant to which the Seller has agreed to sell to Lincoln Technical Institute the real property owned by the Seller located at 8315-8317 W. North Avenue, Melrose Park, IL 60160, including the building and improvements and other personal property located thereon (the “Property”), for a purchase price of $18,800,000.00 as adjusted in accordance with the terms of the Purchase and Sale Agreement. Lincoln Technical Institute currently leases the Property from the Seller from which it operates its Melrose Park campus and determined to purchase the Property as the opportunity presented itself. The Purchase and Sale Agreement contains customary representations, warranties, covenants and conditions to closing for agreements of this type including, without limitation, due diligence examinations, reviews and inspections of the Property’s condition, title and compliance with applicable law.  Pursuant to the Purchase and Sale Agreement, the parties anticipate closing on the purchase on June 25, 2026.

 

The foregoing description of the Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase and Sale Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

 

 

 

SIGNATURES

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.

 

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