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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 2, 2001
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Career Education Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-23245 36-3932190
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(State or Other Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2895 Greenspoint Parkway, Suite 600, Hoffman Estates, IL 60195
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 781-3600
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Item 2. Acquisition or Disposition of Assets.
(a) Effective January 2, 2001, Registrant completed its acquisition of
EduTrek International, Inc., a Georgia corporation and operator of
American InterContinental University (AIU). EduTrek shareholders
approved the acquisition at a special meeting held on January 2, 2001.
Pursuant to the terms of the merger agreement, EduTrek's shareholders
will receive an aggregate of 1,203,733 shares of the Registrant's
stock (0.0901 shares of the Registrant's stock for each share of
EduTrek stock) and $2,507,666 in cash ($0.1877 per share). There are
13,359,970 EduTrek shares outstanding. Founded in 1970, AIU currently
has seven campuses which offer several bachelor's and master's degrees
and are located in Atlanta (Buckhead and Dunwoody), Dubai, Ft.
Lauderdale, London, Los Angeles and Washington, D.C. AIU is accredited
by the Commission on Colleges of the Southern Association of Colleges
and Schools (SACS).
Other information required by this Item is included in the Company's
Registration Statement on Form S-4, as amended, Registration No. 333-
49416 (the "S-4 Registration Statement"), and is omitted from this
report pursuant to Instruction B.3 to Form 8-K.
Item 7. Financial Statements and Exhibits.
Pursuant to Instruction B.3 to Form 8-K, the information required by
this Item has been omitted because it was previously reported in the
S-4 Registration Statement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CAREER EDUCATION CORPORATION
By: /s/ John M. Larson
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John M. Larson
Chairman of the Board, President and Chief
Executive Officer
Dated: January 11, 2001
