[8-K] American Public Education, Inc. Reports Material Event
American Public Education, Inc. (NASDAQ: APEI) has eliminated its Series A Senior Preferred Stock. On 23 June 2025 the company filed a Certificate of Elimination with the Delaware Secretary of State, removing all provisions related to the preferred shares from its Fifth Amended and Restated Certificate of Incorporation. The elimination follows the full redemption of the outstanding preferred shares on the same date.
Redemption terms: the company repurchased all 400 preferred shares at $111,137.88 per share, a figure that includes $3,415.91 of accrued and unpaid dividends per share. Total cash consideration amounted to $44,455,152, of which $1,366,364 represented accumulated dividends.
The transaction removes the preferred class from APEI鈥檚 capital structure and extinguishes any future dividend obligations associated with the series. Exhibit 3.1 to the Form 8-K contains the filed Certificate of Elimination, and Exhibit 104 provides the inline XBRL cover-page data.
American Public Education, Inc. (NASDAQ: APEI) ha eliminato le sue azioni privilegiate Serie A Senior. Il 23 giugno 2025 la societ脿 ha depositato un Certificato di Eliminazione presso il Segretario di Stato del Delaware, rimuovendo tutte le disposizioni relative alle azioni privilegiate dal suo Quinto Certificato di Incorporazione Modificato e Ristabilito. Questa eliminazione segue il completo riscatto delle azioni privilegiate in circolazione avvenuto nella stessa data.
Termini del riscatto: la societ脿 ha riacquistato tutte le 400 azioni privilegiate al prezzo di $111.137,88 per azione, cifra che include $3.415,91 di dividendi maturati e non pagati per azione. Il corrispettivo totale in contanti 猫 stato di $44.455.152, di cui $1.366.364 rappresentano i dividendi accumulati.
Questa operazione elimina la classe privilegiata dalla struttura del capitale di APEI e annulla qualsiasi obbligo futuro relativo ai dividendi di questa serie. L'Esibizione 3.1 del Modulo 8-K contiene il Certificato di Eliminazione depositato, mentre l'Esibizione 104 fornisce i dati XBRL inline della pagina di copertina.
American Public Education, Inc. (NASDAQ: APEI) ha eliminado sus acciones preferentes Serie A Senior. El 23 de junio de 2025, la compa帽铆a present贸 un Certificado de Eliminaci贸n ante el Secretario de Estado de Delaware, eliminando todas las disposiciones relacionadas con las acciones preferentes de su Quinto Certificado de Incorporaci贸n Enmendado y Restablecido. La eliminaci贸n se produjo tras el rescate total de las acciones preferentes en circulaci贸n en la misma fecha.
T茅rminos del rescate: la compa帽铆a recompr贸 las 400 acciones preferentes a $111,137.88 por acci贸n, cifra que incluye $3,415.91 en dividendos acumulados y no pagados por acci贸n. La consideraci贸n total en efectivo ascendi贸 a $44,455,152, de los cuales $1,366,364 correspondieron a dividendos acumulados.
La transacci贸n elimina la clase preferente de la estructura de capital de APEI y extingue cualquier obligaci贸n futura de dividendos asociada con la serie. El Anexo 3.1 del Formulario 8-K contiene el Certificado de Eliminaci贸n presentado, y el Anexo 104 proporciona los datos XBRL en l铆nea de la p谩gina de portada.
American Public Education, Inc. (NASDAQ: APEI)電� 鞁滊Μ歃� A 靹犾垳鞙� 鞖办劆欤茧ゼ 韽愳頄堨姷雼堧嫟. 2025雲� 6鞗� 23鞚� 須岇偓電� 雿鸽澕鞗柎 欤� 甑鞛リ磤鞐愱矊 韽愳 歃濍獏靹滊ゼ 鞝滌稖頃橃棳, 鞖办劆欤检檧 甏�霠悳 氇摖 臁绊暛鞚� 雼れ劘 氩堨Ц 靾橃爼 氚� 鞛瀾靹彪悳 鞝曣磤鞐愳劀 鞝滉卑頄堨姷雼堧嫟. 鞚� 韽愳電� 臧欖潃 雮� 氙胳儊頇� 鞖办劆欤茧ゼ 鞝勳暋 靸來櫂頃� 雿� 霐半ジ 瓴冹瀰雼堧嫟.
靸來櫂 臁瓣贝: 須岇偓電� 400欤检潣 鞖办劆欤茧ゼ 欤茧嫻 $111,137.88鞐� 鞛Г鞛呿枅鞙茧┌, 鞚� 旮堨暋鞐愲姅 欤茧嫻 $3,415.91鞚� 雸勳爜 氙胳旮� 氚半嫻旮堨澊 韽暔霅橃柎 鞛堨姷雼堧嫟. 齑� 順勱笀 歆�旮夓暋鞚� $44,455,152鞚措┌, 鞚� 欷� $1,366,364電� 雸勳爜 氚半嫻旮堨棎 頃措嫻頃╇媹雼�.
鞚措矆 瓯半灅搿� APEI鞚� 鞛愲掣 甑“鞐愳劀 鞖办劆欤� 韥措灅鞀り皜 鞝滉卑霅橁碃, 頃措嫻 鞁滊Μ歃堨檧 甏�霠悳 氙鸽灅 氚半嫻 鞚橂臧� 靻岆└霅╇媹雼�. 8-K 鞏戩嫕鞚� 攵�靻嶌劀 3.1鞐愲姅 鞝滌稖霅� 韽愳 歃濍獏靹滉皜 韽暔霅橃柎 鞛堨溂氅�, 攵�靻嶌劀 104鞐愲姅 鞚鸽澕鞚� XBRL 響滌 雿办澊韯瓣皜 鞝滉车霅╇媹雼�.
American Public Education, Inc. (NASDAQ : APEI) a supprim茅 ses actions privil茅gi茅es de s茅rie A Senior. Le 23 juin 2025, la soci茅t茅 a d茅pos茅 un certificat de suppression aupr猫s du secr茅taire d'脡tat du Delaware, supprimant toutes les dispositions relatives aux actions privil茅gi茅es de son cinqui猫me certificat modifi茅 et r茅tabli de constitution. Cette suppression fait suite au rachat int茅gral des actions privil茅gi茅es en circulation 脿 la m锚me date.
Conditions du rachat : la soci茅t茅 a rachet茅 les 400 actions privil茅gi茅es au prix de 111 137,88 $ par action, un montant incluant 3 415,91 $ de dividendes accumul茅s et non pay茅s par action. La contrepartie totale en esp猫ces s鈥檈st 茅lev茅e 脿 44 455 152 $, dont 1 366 364 $ repr茅sentaient des dividendes accumul茅s.
Cette op茅ration supprime la cat茅gorie privil茅gi茅e de la structure du capital d鈥橝PEI et 茅teint toute obligation future de dividendes associ茅e 脿 cette s茅rie. L鈥檃nnexe 3.1 du formulaire 8-K contient le certificat de suppression d茅pos茅, et l鈥檃nnexe 104 fournit les donn茅es XBRL en ligne de la page de couverture.
American Public Education, Inc. (NASDAQ: APEI) hat seine Series A Senior Preferred Stock aufgehoben. Am 23. Juni 2025 reichte das Unternehmen ein L枚schungszertifikat beim Staatssekret盲r von Delaware ein, mit dem alle Bestimmungen bez眉glich der Vorzugsaktien aus der f眉nften ge盲nderten und neu gefassten Satzung entfernt wurden. Die Aufhebung erfolgte nach der vollst盲ndigen R眉ckzahlung der ausstehenden Vorzugsaktien am selben Tag.
搁眉肠办锄补丑濒耻苍驳蝉产别诲颈苍驳耻苍驳别苍: Das Unternehmen kaufte alle 400 Vorzugsaktien zu einem Preis von 111.137,88 $ pro Aktie zur眉ck, wobei dieser Betrag 3.415,91 $ an aufgelaufenen und nicht gezahlten Dividenden pro Aktie einschlie脽t. Die gesamte Barzahlung betrug 44.455.152 $, davon entfielen 1.366.364 $ auf aufgelaufene Dividenden.
Die Transaktion entfernt die Vorzugsklasse aus der Kapitalstruktur von APEI und beseitigt jegliche zuk眉nftigen Dividendenverpflichtungen in Verbindung mit dieser Serie. Anlage 3.1 zum Formular 8-K enth盲lt das eingereichte L枚schungszertifikat, und Anlage 104 stellt die Inline-XBRL-Titelseitendaten bereit.
- Capital structure simplification: Elimination of Series A preferred shares leaves only common stock outstanding.
- Dividend obligation removed: Future cash outflows for preferred dividends cease following full redemption.
- Significant cash outlay: $44.46 million paid to redeem preferred shares may pressure near-term liquidity.
Insights
TL;DR: APEI spends $44.5 M cash to retire all preferred shares, simplifying capital structure; liquidity impact unclear.
The redemption and corresponding Certificate of Elimination terminate the Series A Senior Preferred Stock created in December 2022. Eliminating the class removes ongoing dividend drag and preference rights, yielding a cleaner equity stack that common shareholders may welcome. Conversely, the immediate $44.5 million cash outlay鈥攔oughly equal to several quarters of recent operating cash flow鈥攔educes near-term liquidity and could constrain capital deployment unless financed by existing cash reserves or borrowing; the filing does not specify funding sources. Overall, from a valuation perspective the step is structurally positive but financially neutral until updated liquidity data are provided.
TL;DR: Preferred class eliminated, enhancing one-share-one-vote alignment and governance clarity.
By filing the Certificate of Elimination, APEI removes all charter provisions related to the Series A Senior Preferred Stock, thereby simplifying its governance framework. This action ends the preferential rights, potential veto provisions, and dividend priority that can complicate board decision-making. Investors now face a single common equity class listed on Nasdaq, reducing complexity in proxy matters. The redemption price fully honored accrued dividends, mitigating legal or reputational risk. As no bylaw or fiscal-year changes accompany the filing, governance impact is largely structural but positive.
American Public Education, Inc. (NASDAQ: APEI) ha eliminato le sue azioni privilegiate Serie A Senior. Il 23 giugno 2025 la societ脿 ha depositato un Certificato di Eliminazione presso il Segretario di Stato del Delaware, rimuovendo tutte le disposizioni relative alle azioni privilegiate dal suo Quinto Certificato di Incorporazione Modificato e Ristabilito. Questa eliminazione segue il completo riscatto delle azioni privilegiate in circolazione avvenuto nella stessa data.
Termini del riscatto: la societ脿 ha riacquistato tutte le 400 azioni privilegiate al prezzo di $111.137,88 per azione, cifra che include $3.415,91 di dividendi maturati e non pagati per azione. Il corrispettivo totale in contanti 猫 stato di $44.455.152, di cui $1.366.364 rappresentano i dividendi accumulati.
Questa operazione elimina la classe privilegiata dalla struttura del capitale di APEI e annulla qualsiasi obbligo futuro relativo ai dividendi di questa serie. L'Esibizione 3.1 del Modulo 8-K contiene il Certificato di Eliminazione depositato, mentre l'Esibizione 104 fornisce i dati XBRL inline della pagina di copertina.
American Public Education, Inc. (NASDAQ: APEI) ha eliminado sus acciones preferentes Serie A Senior. El 23 de junio de 2025, la compa帽铆a present贸 un Certificado de Eliminaci贸n ante el Secretario de Estado de Delaware, eliminando todas las disposiciones relacionadas con las acciones preferentes de su Quinto Certificado de Incorporaci贸n Enmendado y Restablecido. La eliminaci贸n se produjo tras el rescate total de las acciones preferentes en circulaci贸n en la misma fecha.
T茅rminos del rescate: la compa帽铆a recompr贸 las 400 acciones preferentes a $111,137.88 por acci贸n, cifra que incluye $3,415.91 en dividendos acumulados y no pagados por acci贸n. La consideraci贸n total en efectivo ascendi贸 a $44,455,152, de los cuales $1,366,364 correspondieron a dividendos acumulados.
La transacci贸n elimina la clase preferente de la estructura de capital de APEI y extingue cualquier obligaci贸n futura de dividendos asociada con la serie. El Anexo 3.1 del Formulario 8-K contiene el Certificado de Eliminaci贸n presentado, y el Anexo 104 proporciona los datos XBRL en l铆nea de la p谩gina de portada.
American Public Education, Inc. (NASDAQ: APEI)電� 鞁滊Μ歃� A 靹犾垳鞙� 鞖办劆欤茧ゼ 韽愳頄堨姷雼堧嫟. 2025雲� 6鞗� 23鞚� 須岇偓電� 雿鸽澕鞗柎 欤� 甑鞛リ磤鞐愱矊 韽愳 歃濍獏靹滊ゼ 鞝滌稖頃橃棳, 鞖办劆欤检檧 甏�霠悳 氇摖 臁绊暛鞚� 雼れ劘 氩堨Ц 靾橃爼 氚� 鞛瀾靹彪悳 鞝曣磤鞐愳劀 鞝滉卑頄堨姷雼堧嫟. 鞚� 韽愳電� 臧欖潃 雮� 氙胳儊頇� 鞖办劆欤茧ゼ 鞝勳暋 靸來櫂頃� 雿� 霐半ジ 瓴冹瀰雼堧嫟.
靸來櫂 臁瓣贝: 須岇偓電� 400欤检潣 鞖办劆欤茧ゼ 欤茧嫻 $111,137.88鞐� 鞛Г鞛呿枅鞙茧┌, 鞚� 旮堨暋鞐愲姅 欤茧嫻 $3,415.91鞚� 雸勳爜 氙胳旮� 氚半嫻旮堨澊 韽暔霅橃柎 鞛堨姷雼堧嫟. 齑� 順勱笀 歆�旮夓暋鞚� $44,455,152鞚措┌, 鞚� 欷� $1,366,364電� 雸勳爜 氚半嫻旮堨棎 頃措嫻頃╇媹雼�.
鞚措矆 瓯半灅搿� APEI鞚� 鞛愲掣 甑“鞐愳劀 鞖办劆欤� 韥措灅鞀り皜 鞝滉卑霅橁碃, 頃措嫻 鞁滊Μ歃堨檧 甏�霠悳 氙鸽灅 氚半嫻 鞚橂臧� 靻岆└霅╇媹雼�. 8-K 鞏戩嫕鞚� 攵�靻嶌劀 3.1鞐愲姅 鞝滌稖霅� 韽愳 歃濍獏靹滉皜 韽暔霅橃柎 鞛堨溂氅�, 攵�靻嶌劀 104鞐愲姅 鞚鸽澕鞚� XBRL 響滌 雿办澊韯瓣皜 鞝滉车霅╇媹雼�.
American Public Education, Inc. (NASDAQ : APEI) a supprim茅 ses actions privil茅gi茅es de s茅rie A Senior. Le 23 juin 2025, la soci茅t茅 a d茅pos茅 un certificat de suppression aupr猫s du secr茅taire d'脡tat du Delaware, supprimant toutes les dispositions relatives aux actions privil茅gi茅es de son cinqui猫me certificat modifi茅 et r茅tabli de constitution. Cette suppression fait suite au rachat int茅gral des actions privil茅gi茅es en circulation 脿 la m锚me date.
Conditions du rachat : la soci茅t茅 a rachet茅 les 400 actions privil茅gi茅es au prix de 111 137,88 $ par action, un montant incluant 3 415,91 $ de dividendes accumul茅s et non pay茅s par action. La contrepartie totale en esp猫ces s鈥檈st 茅lev茅e 脿 44 455 152 $, dont 1 366 364 $ repr茅sentaient des dividendes accumul茅s.
Cette op茅ration supprime la cat茅gorie privil茅gi茅e de la structure du capital d鈥橝PEI et 茅teint toute obligation future de dividendes associ茅e 脿 cette s茅rie. L鈥檃nnexe 3.1 du formulaire 8-K contient le certificat de suppression d茅pos茅, et l鈥檃nnexe 104 fournit les donn茅es XBRL en ligne de la page de couverture.
American Public Education, Inc. (NASDAQ: APEI) hat seine Series A Senior Preferred Stock aufgehoben. Am 23. Juni 2025 reichte das Unternehmen ein L枚schungszertifikat beim Staatssekret盲r von Delaware ein, mit dem alle Bestimmungen bez眉glich der Vorzugsaktien aus der f眉nften ge盲nderten und neu gefassten Satzung entfernt wurden. Die Aufhebung erfolgte nach der vollst盲ndigen R眉ckzahlung der ausstehenden Vorzugsaktien am selben Tag.
搁眉肠办锄补丑濒耻苍驳蝉产别诲颈苍驳耻苍驳别苍: Das Unternehmen kaufte alle 400 Vorzugsaktien zu einem Preis von 111.137,88 $ pro Aktie zur眉ck, wobei dieser Betrag 3.415,91 $ an aufgelaufenen und nicht gezahlten Dividenden pro Aktie einschlie脽t. Die gesamte Barzahlung betrug 44.455.152 $, davon entfielen 1.366.364 $ auf aufgelaufene Dividenden.
Die Transaktion entfernt die Vorzugsklasse aus der Kapitalstruktur von APEI und beseitigt jegliche zuk眉nftigen Dividendenverpflichtungen in Verbindung mit dieser Serie. Anlage 3.1 zum Formular 8-K enth盲lt das eingereichte L枚schungszertifikat, und Anlage 104 stellt die Inline-XBRL-Titelseitendaten bereit.
FAQ
What action did APEI (NASDAQ: APEI) take regarding its preferred stock?
How much did APEI pay per preferred share in the June 23, 2025 redemption?
What was the total cash consideration for the preferred stock redemption?
Does the filing indicate any change to APEI鈥檚 fiscal year or bylaws?
Where can investors find the Certificate of Elimination?
