Welcome to our dedicated page for American Public SEC filings (Ticker: APEI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The American Public Education, Inc. (NASDAQ: APEI) SEC filings page provides access to the company’s official regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As an education services company operating American Public University System (APUS), Rasmussen University, and Hondros College of Nursing, APEI uses SEC reports to present information on its financial condition, results of operations, capital structure, and material corporate events.
Investors can review current reports on Form 8-K, where APEI reports items such as quarterly financial results, updates on enrollment and revenue trends, changes in capital structure, and other significant events. For example, the company has used Form 8-K to furnish earnings press releases for periods ended September 30, 2025, to provide preliminary updates on expected results and the impact of government funding changes, and to disclose actions such as the redemption of preferred stock and related certificate of elimination filings.
In addition to 8-K filings, APEI’s SEC reporting framework includes annual and quarterly reports that detail segment performance for APUS, Rasmussen University, and Hondros College of Nursing, as well as discussions of regulatory and accreditation matters, funding sources such as tuition assistance and federal financial aid, and risk factors relevant to its operations in the higher education sector. These filings help explain how APEI’s revenue from net course registrations, tuition, and fees is reflected in its consolidated financial statements.
On this page, users can also monitor exhibits attached to current reports, such as earnings press releases and certificates related to capital structure changes. Real-time updates from EDGAR and AI-powered summaries can assist readers in understanding the key points of lengthy filings, including trends in enrollment, segment results, and material events affecting APEI’s institutions.
American Public Education, Inc. (APEI) is asking stockholders to vote at its virtual 2026 Annual Meeting on May 22, 2026, on three key items: electing six directors, approving on an advisory basis executive pay, and ratifying Deloitte & Touche LLP as auditor for 2026.
The proxy describes a highly independent board, with five of six nominees independent, an independent chair, fully independent committees, and annual elections. It highlights 2025 actions to simplify the business, including redeeming all preferred stock, selling corporate buildings, divesting Graduate School USA, and combining APUS, Rasmussen University, and Hondros College of Nursing into one institution with two divisions.
APEI reports 2025 increases in revenue, net income available to common stockholders, adjusted EBITDA, and diluted EPS, supported by APUS revenue growth, strong enrollment and revenue growth at Rasmussen and Hondros, and balance sheet improvements. Executive compensation is positioned as heavily performance-based, with a large share of CEO pay in variable, at-risk incentives tied to financial and strategic goals.
American Public Education, Inc. director Daniel S. Pianko reported a compensation-related stock grant. He acquired 1,107 shares of common stock at an implied $36.15 per share under the company’s non-employee director compensation policy, by taking stock instead of his cash board retainers.
The shares are issued as deferred stock units because he elected to defer receipt until June 1, 2029. After this grant, he directly holds 32,304 shares. This reflects routine board compensation rather than an open-market share purchase.
The Vanguard Group filed an amended Schedule 13G reporting 0% beneficial ownership of American Public Education, Inc. common stock effective 03/13/2026. The filing explains that an internal realignment on January 12, 2026 caused certain Vanguard subsidiaries or business divisions to report separately in reliance on SEC Release No. 34-39538. The amendment states Vanguard no longer has beneficial ownership over securities held by those subsidiaries and lists 0 shares owned and 0% voting or dispositive power.
325 CAPITAL LLC reported open-market sale transactions in this Form 4 filing.
AMERICAN PUBLIC EDUCATION INC received a Form 4 from investment entities affiliated with 325 Capital reporting open‑market transactions in a total of 160,512 shares of common stock on March 19–20, 2026. After these trades, one reported direct holding stood at 836,234 shares, alongside separate indirect holdings attributed to 325 Capital Master Fund LP and to accounts managed by 325 Capital.
American Public Education, Inc. received an amended Schedule 13D from 325 Capital and related reporting persons, who report beneficial ownership of 1,206,977 common shares, or 6.6% of the company’s stock. This percentage is based on 18,380,439 shares outstanding as of March 10, 2026.
The filing shows no sole voting or dispositive power; all 1,206,977 shares are controlled on a shared basis among the reporting entities and individuals. 325 Capital Master Fund directly holds 347,498 shares. Certain restricted stock granted to director Michael Braner is economically assigned to 325 Capital Master Fund.
AMERICAN PUBLIC EDUCATION INC executive Nuno S. Fernandes, President of APUS, reported an open-market sale of 1,100 shares of common stock at $54.08 per share. After this transaction, he directly owns 83,075 shares. The sale represents a relatively small portion of his reported holdings.
Fidelity Brokerage Services LLC filed a Form 144 to sell 1,100 shares of common stock. The filing lists the planned sale as related to Restricted Stock Vesting on 02/07/2026. The record shows an affiliate sale: Nuno A. Fernandes sold 6,500 shares on 03/16/2026 for $350,129.01.
AMERICAN PUBLIC EDUCATION INC senior vice president and chief marketing officer Karmela Gaffney reported an open-market sale of 2,700 shares of common stock on March 17, 2026. The shares were sold at a weighted average price of $55.8737 per share, with individual sale prices ranging from $55.85 to $55.88. After this transaction, she directly holds 40,527 shares of the company’s common stock.
325 Capital LLC and affiliated reporting persons disclosed open‑market sales of 184,259 shares of American Public Education, Inc. common stock from March 16–18, 2026, at prices around $55–$56 per share.
Following these sales, they report 996,746 shares of common stock held directly, plus additional indirect holdings of 347,498 shares by 325 Capital Master Fund LP and 23,245 shares by Michael D. Braner as of March 16, 2026. The reporting persons disclaim beneficial ownership beyond their pecuniary interests.