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Last $0.08 USD
Change Today -0.01 / -11.11%
Volume 134.8K
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

education management corp (EDMC) Snapshot

Previous Close
Day High
Day Low
52 Week High
10/20/14 - $1.44
52 Week Low
06/30/15 - $0.05
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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education management corp (EDMC) Details

Education Management Corporation provides post-secondary education in North America. The company offers academic programs to students through campus-based and online instruction to earn undergraduate and graduate degrees, including doctoral degrees and specialized non-degree diplomas in a range of disciplines. It operates through four segments: The Art Institutes, Argosy University, Brown Mackie Colleges, and South University. The Art Institutes segment offers associate’s, bachelor’s, and master’s degree programs, as well as selective non-degree diploma programs in creative professions, such as graphic design, media arts and animation, culinary arts, photography, digital filmmaking and video production, interior design, audio production, fashion design, game art and design, baking and pastry, and fashion marketing. The Argosy University segment provides doctoral, master’s, and undergraduate degree academic programs in psychology and behavioral sciences, business, legal, education, and health sciences disciplines. The Brown Mackie Colleges segment offers associate’s and non-degree diploma programs in fields that comprise medical assisting, business, criminal justice, occupational therapy assistant, healthcare administration, and veterinary technology. The South University segment provides doctoral, master’s, bachelor’s, and associate’s degree academic programs in health profession and business disciplines, including business administration, health sciences, nursing, criminal justice, psychology, information technology, and healthcare management. The company operates 110 school locations. Education Management Corporation was founded in 1962 and is headquartered in Pittsburgh, Pennsylvania.

11,000 Employees
Last Reported Date: 10/31/14
Founded in 1962

education management corp (EDMC) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
President of Brown Mackie Colleges
Total Annual Compensation: $450.0K
Chief Legal, Privacy, Security & Administrati...
Total Annual Compensation: $1.1M
Chief Compliance Officer and Senior Vice Pres...
Total Annual Compensation: $637.5K
Compensation as of Fiscal Year 2014.

education management corp (EDMC) Key Developments

Education Management Corporation Announces Resignation of Edward H. West as President, Chief Executive Officer and Director, Effective Aug. 28, 2015

Education Management Corporation announced that Edward H. West has resigned as President, Chief Executive Officer (CEO) and Director, effective Aug. 28, 2015, to pursue other interests. West joined EDMC nine years ago and has served as CEO since August 2012. The Board of Directors has established an Office of the Chairman to act in place of the CEO until a new CEO is appointed.

Education Management Corporation Cuts 300 Employees Nationwide

Education Management Corp. announced that it laid off another 300 people, including about 70 in the Pittsburgh region, as it struggles with declining enrollment and making its offerings more affordable. The company confirmed the cuts, which represent less than 2% of its 21,000-employee workforce. It said the layoffs were across EDMC's entire system and included some faculty members.

Education Management Corp. to Close 15 Art Institute Locations, Including One in Houston

Education Management Corp. is closing 15 of its Art Institute campuses, including a branch in Houston. The Art Institute Houston - North, at 10740 N. Gessner Drive, is one of the campuses that will close, affecting 310 students. However, the main campus, at 4140 Southwest Freeway, will not close. A total of 5,432 students are enrolled among the campuses that are slated to close, according to a list provided by EDMC. The company will undergo a teach out process at each location, meaning each campus will continue to offer courses, student services and placement assistance until the last student has graduated, according to Hardman. Campuses were notified of the closures May 6, 2015.


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EDMC Competitors

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Company Last Change
Apollo Education Group Inc $10.94 USD +0.13
Career Education Corp $3.59 USD -0.02
ITT Educational Services Inc $3.44 USD -0.04
Meredith Corp $46.17 USD +0.39
Scholastic Corp $42.21 USD +0.33
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Price/Cash Flow NM Not Meaningful
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