a50932039.htm
As filed with the Securities and Exchange Commission on August 27, 2014
 
Registration No. 333-
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
___________________________________
FORM S-8
Registration Statement
under
The Securities Act of 1933
_______________________________
DeVry Education Group Inc.
(Exact name of registrant as specified in its charter)
 
 
Delaware
(State or other jurisdiction of
incorporation or organization)
   36-3150143
(I.R.S. employer
identification no.)
  3005 Highland Parkway
Downers Grove, Illinois 60515
 (Address of principal executive offices, including zip code)
  
 
 
DEVRY EDUCATION GROUP SUCCESS SHARING RETIREMENT PLAN
(Full title of the plan)
 
Gregory S. Davis
Senior Vice President, General Counsel and Corporate Secretary
DeVry Education Group Inc.
3005 Highland Parkway
Downers Grove, Illinois 60515
(Name and address of agent for service)
 
(630) 515-7700
(Telephone number, including area code, of agent for service)
 
With a copy to:
 
Lauralyn G. Bengel
Schiff Hardin LLP
233 South Wacker Drive, Suite 6600
Chicago, Illinois 60606
(312) 258-5670
________________________________________
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
 
Large accelerated filer  x Accelerated filer  o
       
Non-accelerated filer  o  Do not check if a smaller reporting company) Smaller reporting company  o
       
 
 
 
 
 
CALCULATION OF REGISTRATION FEE
 
 
Title of Securities to be Registered
 
Amount
to be
Registered
Proposed
Maximum
Offering
Price Per Share
Proposed
Maximum
 Aggregate
Offering Price
 
Amount of
Registration
Fee
DeVry Education Group Inc. Common Stock, par value $.01 per share (including Common Stock Purchase Rights)
 
1,000,000(1)
 
$43.02(2)
 
$43,020,000(2)
 
$5,540.98(2)
 
Interests in the Plan
 
(3)
 
(3)
 
(3)
 
(3)
 
(1)
Pursuant to Rule 416 of the Securities Act of 1933, this Registration Statement shall also cover any additional shares of Common Stock (and Common Stock Purchase Rights) which become issuable under the Plan pursuant to this Registration Statement by reason of any stock dividend, stock split, recapitalization or any other similar transaction which results in an increase in the number of the Registrant’s outstanding shares of Common Stock.

(2)
Estimated on the basis of $43.02 per share, the average of the high and low sales prices of DeVry Education Group Inc. Common Stock as reported on The New York Stock Exchange on August 26, 2014 pursuant to Rule 457(c) and (h) of the Securities Act of 1933.

(3)
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this Registration Statement also covers an indeterminate amount of interests to be offered or sold pursuant to the Plan for which no separate fee is required.

 
 
 
 
 

PART II
 
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
Item 3.    Incorporation of Documents by Reference.
 
The following documents filed by DeVry Education Group Inc. (the “Registrant”) and the DeVry Education Group Success Sharing Retirement Plan (the “Plan”) are incorporated herein by reference:
 
    (a)  
The Registrant’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014;
 
    (b)  
The Plan’s Annual Report on Form 11-K for the Plan Year ended December 31, 2013;
 
    (c)  
All other reports of the Registrant or the Plan filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, since the end of fiscal 2013;
 
    (d)  
The description of the Registrant’s Common Stock contained in the Registrant’s Registration Statement on Form 8-A dated April 22, 1991, as amended, and as further updated in the Registrant’s Report on Form 10-K filed on September 27, 1991; and
 
    (e)  
The description of the Rights contained in the Registrant’s Registration Statement dated November 24, 2004 and the Rights Agreement filed as Exhibit 99.1 thereto.
 
All documents subsequently filed by the Registrant or the Plan pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.
 
Item 4.    Description of Securities.
 
Not applicable with respect to the Registrant’s Common Stock.
 
Item 5.    Interests of Named Experts and Counsel.
 
Not applicable.
 
Item 6.    Indemnification of Directors and Officers.
 
(a)           The Delaware GCL (Section 145) gives Delaware corporations broad powers to indemnify their present and former directors and officers and those of affiliated corporations against expenses incurred in the defense of any lawsuit to which they are made parties by reason of being or having been such directors or officers, subject to specified conditions and exclusions, gives a director or officer who successfully defends an action the right to be so indemnified, and authorizes the Registrant to buy directors' and officers' liability insurance.  Such indemnification is not exclusive of any other rights to which those indemnified may be entitled under any by-laws, agreement, vote of stockholders or otherwise.
 
(b)           Article TENTH of the Restated Certificate of Incorporation of the Registrant permits, and Article VI of the Amended and Restated By-Laws of the Registrant provides for, indemnification of directors, officers, employees and agents to the fullest extent permitted by law.
 
 
 
 
 
(c)           In accordance with Section 102(b)(7) of the Delaware GCL, the Registrant's Restated Certificate of Incorporation provides that directors shall not be personally liable for monetary damages for breaches of their fiduciary duty as directors except for (1) breaches of their duty of loyalty to the Registrant or its stockholders, (2) acts or omissions not in good faith or which involve intentional misconduct or knowing violations of law, (3) under Section 174 of the Delaware GCL (unlawful payment of dividends) or (4) transactions from which a director derives an improper personal benefit.
 
(d)           The Registrant enters into an Indemnification Agreement with each of its Directors which provides for the indemnification of the Directors in a variety of circumstances.
 
Item 7.    Exemption from Registration Claimed.
 
Not applicable.
 
Item 8.    Exhibits.
 
The exhibits filed herewith or incorporated by reference herein are set forth in the Exhibit Index filed as part of this Registration Statement.  The Registrant has received from the Internal Revenue Service a determination that the Plan is qualified under Section 401 of the Internal Revenue Code and the Registrant will cause to be made all changes required by the Internal Revenue Service in order to continue to so qualify the Plan.
 
Item 9.    Undertakings.
 
(a)      The undersigned Registrant hereby undertakes:
 
(1)           To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
 
           (i)         To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
 
(ii)          To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and
 
(iii)         To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
 
provided, however, that paragraphs (i) and (ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
 
(2)           That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
 
 
 
 
(3)           To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
 
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
 
 
 
 
 
SIGNATURES
 
The Registrant.  Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing this Registration Statement and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Downers Grove, State of Illinois, on the 27th day of August, 2014.
 
  DEVRY EDUCATION GROUP INC.
(Registrant)
  
       
 
By:
/s/ Daniel M. Hamburger     
    Daniel M. Hamburger  
    President and Chief Executive Ofrficer  
       
 
Each person whose signature appears below appoints Daniel M. Hamburger and Gregory S. Davis, or each of them, as such person’s true and lawful attorneys to execute in the name of each such person, and to file, any pre-effective or post-effective amendments to this Registration Statement that any of such attorneys shall deem necessary or advisable to enable the Registrant to comply with the Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission with respect thereto, in connection with this Registration Statement, which amendments may make such changes in such Registration Statement as any of the above-named attorneys deems appropriate, and to comply with the undertakings of the Registrant made in connection with this Registration Statement; and each of the undersigned hereby ratifies all that either of said attorneys shall do or cause to be done by virtue thereof.
 
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on the 27th day of August, 2014, by the following persons in the capacities indicated below.
 
 
Signature     Title  
         
/s/Connie R. Curran   
    
Board Chair and Director
  
Connie R. Curran
    
 
  
         
/s/ Daniel M. Hamburger  
    
President and Chief Executive Officer
 
Daniel M. Hamburger
    
(Principal Executive Officer) and Director
  
         
/s/ Timothy Wiggins 
    
Senior Vice President, Chief Financial
 
Timothy Wiggins
    
Officer and Treasurer (Principal Financial Officer)
  
         
/s/ Patrick J. Unzicker
    
Vice President, Finance and Chief Accounting
 
Patrick J. Unzicker
    
Officer (Principal Accounting Officer)
  
         
/s/ Christopher B. Begley 
    
Director
  
Christopher B. Begley
    
 
  
         
 
 
 
 
 
/s/ David S. Brown  
    
Director
  
David S. Brown
    
 
  
 
    
 
  
/s/ Lyle Logan   
    
Director
  
Lyle Logan
    
 
  
         
/s/ Alan G. Merten  
    
Director
  
Alan G. Merten
    
 
  
         
/s/ Fernando Ruiz   
    
Director
  
Fernando Ruiz
    
 
  
         
/s/ Ronald L. Taylor  
    
Director
  
Ronald L. Taylor
    
 
  
 
/s/ Lisa W. Wardell    
    
Director
  
Lisa W. Wardell
    
 
  
 
    
 
  
 
 
 
 
 
The Plan.  Pursuant to the requirements of the Securities Act of 1933, the Plan Administrator has caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the in the City of Downers Grove, State of Illinois, on the 27th day of August, 2014.
 
  DEVRY EDUCATION GROUP SUCCESS SHARING  
  RETIREMENT PLAN  
     
       
 
By:
/s/ Darin Winckler  
    Name: Darin Winckler  
    Title: Chair, Plan Committee   
       
 
 
 
 
 
INDEX TO EXHIBITS
 
Exhibit
Number
  
 
Exhibit
 
4.1
  
Restated Certificate of Incorporation of DeVry Education Group Inc., as amended (incorporated by reference to Exhibit 3.1 to the Registrant’s Report on Form 10-Q dated February 4, 2014).
 
4.2       Amended and Restated By-Laws of DeVry Education Group Inc. (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-K dated August 26, 2014).
     
4.3
 
  
DeVry Education Group Success Sharing Retirement Plan.
 
4.4
  
Rights Agreement dated as of November 23, 2004 between DeVry Education Group Inc. and Computershare Investor Services, L.L.C. (incorporated by reference to the Registrant’s Form 8-A dated November 24, 2004 (File No. 1-13988)).
 
23
  
Consent of PriceWaterhouseCoopers LLP.
 
24
  
Power of Attorney (contained on the signature pages hereto).