Welcome to our dedicated page for Lincoln Edl Svcs SEC filings (Ticker: LINC), 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.
Lincoln Educational Services filings document the regulatory record of a career-oriented post-secondary education company, including results releases furnished on Form 8-K, Regulation FD investor presentations and material agreements tied to corporate financing.
Recent disclosures include an amended and restated revolving credit facility, proxy materials for director elections, say-on-pay and auditor ratification, and annual-meeting voting results. The filings also identify governance matters, common-stock voting, subsidiary guarantees, collateral arrangements and other capital-structure terms relevant to the company's campus-based education operations.
LINCOLN EDUCATIONAL SERVICES CORP director Marta Newhart received a stock grant. She acquired 2,495 shares of Common Stock on May 7, 2026 at a value of $44.10 per share, as part of a compensation-related award rather than an open-market purchase.
The footnote states this Restricted Stock grant was valued at $110,000 on the grant date and the shares vest on the first anniversary of the grant date. After this award, Newhart directly holds 10,059 Common Stock shares.
Rose Carlton reported acquisition or exercise transactions in this Form 4 filing.
Lincoln Educational Services director Rose Carlton received a grant of restricted stock. On the grant date, she was awarded 2,495 shares of common stock valued at $110,000, or $44.10 per share. These restricted shares vest on the first anniversary of the grant date, meaning she must remain eligible through that date to receive them fully. After this award, she directly holds 17,790 shares of the company’s common stock.
Young Sylvia Jean reported acquisition or exercise transactions in this Form 4 filing.
Lincoln Educational Services Corp director Sylvia Jean Young received a grant of 2,495 shares of common stock as restricted stock compensation. The grant was valued at $110,000 on the grant date at $44.10 per share. These restricted shares vest on the first anniversary of the grant date, and her direct holdings after the grant total 15,192 shares.
BURKE JAMES J JR reported acquisition or exercise transactions in this Form 4 filing.
LINCOLN EDUCATIONAL SERVICES CORP director receives equity grant
Director James J. Burke Jr. was granted 2,495 shares of Lincoln Educational Services common stock on the grant date, valued at $110,000. The filing notes these shares are in the form of restricted stock that will vest on the first anniversary of the grant date.
After this award, Burke directly holds 76,198 common shares. This is a compensation-related equity grant rather than an open-market purchase or sale, so it reflects board compensation structure more than a trading decision.
Lincoln Educational Services Corporation entered into an amended and restated revolving credit facility that increases its borrowing capacity to $125 million, up from $60 million. The facility includes a $10 million letter of credit sublimit and a $25 million accordion feature, giving the company additional access to liquidity for working capital, general corporate and other permitted purposes.
The five-year facility is guaranteed by wholly owned subsidiaries and secured by a first‑priority lien on substantially all personal property, and it matures on April 11, 2031. Borrowings will bear interest at either a SOFR-based Tranche Rate or a Prime-based Base Rate, plus a margin that varies by the company’s Total Leverage Ratio. In its press release, Lincoln highlighted previously announced 19–20% student start growth for the first quarter of 2026 as evidence of demand for its programs and support for its long-term growth strategy.
The Vanguard Group filed an amendment to its Schedule 13G reporting for Lincoln Educational Services Corp, stating it beneficially owns 0 shares of common stock, representing 0% of the class. The filing notes an internal realignment effective January 12, 2026, after which certain Vanguard subsidiaries report ownership separately in reliance on SEC Release No. 34-39538.
The amendment is signed by Ashley Grim, Head of Global Fund Administration, and lists Vanguard's principal business address in Malvern, Pennsylvania.
Lincoln Educational Services Corporation is asking shareholders to vote at its 2026 virtual annual meeting on May 7, 2026. Holders of 31,696,582 shares of common stock outstanding as of March 18, 2026 can attend online, submit questions, and vote using a control number.
Shareholders will elect ten directors, cast a non-binding advisory say-on-pay vote on executive compensation, and ratify Deloitte & Touche LLP as independent auditor for 2026. The company emphasizes a pay-for-performance program: in 2025 executives’ annual incentives were tied to adjusted EBITDA, revenue, and student placement, paying out 174.6% of target.
For 2025, adjusted EBITDA reached $67.1 million versus a $58.7 million target, leading to a 171.8% vesting of one performance-based restricted stock tranche. At the 2025 annual meeting, approximately 94.5% of votes cast supported the company’s executive compensation program.
Lincoln Educational Services Corporation hosted an Investor Day where leaders outlined near-term guidance and long-term growth plans through 2030. Management expects first quarter 2026 student start growth to rise about 19% year over year, reflecting continued strong demand for skilled-trades and healthcare training.
For full-year 2026, the company targets revenue of $580 million to $590 million versus $518 million in 2025, adjusted EBITDA of $72 million to $76 million versus $57 million, and net income of $20 million to $23 million with diluted EPS of $0.64 to $0.74. Capital expenditures are projected at $70 million to $75 million, roughly 70% tied to new campuses and program expansions.
Lincoln projects approximately 8% to 13% growth in student starts from 20,906 in 2025 and highlights that revenue and adjusted EBITDA are approaching or exceeding prior 2027 goals a year early. By 2030, the company targets about $850 million in revenue, doubled adjusted EBITDA, and tripled net income, supported by organic growth, a hybrid learning model, and a pipeline of new campuses in underserved markets.
Lincoln Educational Services EVP & Chief Operating Officer Chad D. Nyce sold 8,450 shares of common stock in an open-market transaction. The sale occurred on March 10, 2026 at a weighted average price of $36.50 per share, with individual trades between $36.45 and $36.54.
According to the disclosure, the sale was completed in connection with his financial planning needs. After this transaction, Nyce directly held 174,206 shares of Lincoln Educational Services common stock.