News Article | February 17, 2017
--(BUSINESS WIRE)--Capella University (www.capella.edu) is accredited by the Higher Learning Commission. Founded in 1993, the university is dedicated to providing flexible, professionally aligned online degree programs designed to help working adults advance in their careers. As of December 31, 2016 more than 37,800 students were enrolled in Capella’s bachelor’s, master’s, doctoral, and certificate programs. Known for its commitment to learner success, academic quality and innovations in online education, Capella pioneered competency-based direct assessment programs allowing students to learn at their own pace. Capella University is a wholly owned subsidiary of Capella Education Company (NASDAQ: CPLA). For more information, call 1.888.CAPELLA (888.227.3552).
News Article | February 28, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company today announced that Stephen G. Shank, the company’s founder and former CEO, will retire from the board of directors when his current term ends in May 2017. Mr. Shank founded the company in 1991 and served as chief executive officer until March 2009. He was chairman of the board of directors until February 2010, and has since continued to serve as a distinguished member of the board. “The work Capella is doing to transform the landscape of adult education is possible because of Steve Shank and the foundation he laid. Steve’s vision, leadership and determination changed the face of what is possible in adult education. I’m personally grateful for his service on our Board of Directors and for his wise counsel,” said Kevin Gilligan, chairman and chief executive officer of Capella Education Company. Mr. Shank has been involved with Capella Education Company for more than 25 years and is well known for his ability to work through strategic challenges and industry revolution. During the 1980s, as CEO of Tonka Corp., he led the company through acquisitions and new products. At Capella Education Company, he led the company to success during a time of significant change in higher education and in the macroeconomic environment. Mr. Shank has made great contributions to many local boards outside of Capella, including Polaris Industries, Tennant Company, and the Walker Art Center, and in 2016 was recognized by the Twin Cities Business Journal and the National Association of Corporate Directors (NACD) with a Lifetime Achievement award for his years of dedicated board service and recognized ability to look at long-term trends and provide counsel that leaders need. Mr. Shank served as a director of Capella University from 1993 to 2003 and 2006 to 2009, and as emeritus director of Capella University from 2003 to 2006. He earned a B.A. from the University of Iowa, an M.A. from the Fletcher School, a joint program of Tufts and Harvard Universities, and a J.D. from Harvard Law School. Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment.
News Article | November 16, 2016
Charlotte Klaar, PhD, a Certified Educational Planner with more than 20 years of experience, recently moved her business, Klaar College Consulting, to the greater Ft. Mill, SC and Charlotte/ Ballantyne, NC area. “With in-state colleges costing upwards of $23,500 a year and private colleges averaging well over $46,000 a year, plus more than 3,500 colleges nationwide, parents and students can benefit from the knowledge of a college expert,” said Dr. Klaar. “Competition is fierce, so understanding how colleges view your student’s grades and accomplishments is also important,” said Dr. Klaar. Parents have legitimate concerns when heading into the college process: “Certified Educational Planners spend hours every week keeping up on trends in financial aid, student loans, testing, and the myriad application and scholarship deadlines. They can provide valuable insights, such as the fact that most colleges don’t charge the full ‘sticker price,’ or that a private college may be less expensive than a state school. If they really want your student, private colleges may be willing to provide more financial aid,” explained Dr. Klaar. “High school counselors may be responsible for more than 400 students, which means they can’t give them the individual attention they need. For example, as part of the college admissions process, it’s important to know a family’s financial situation and understand what a student is passionate about,” she added. Dr. Klaar was awarded the Steven R. Antonoff Award for Professional Achievement at the Independent Educational Consultants Association (IECA) Conference in Boston, MA this past spring. The award was created to recognize an IECA professional who has distinguished him or herself by their outstanding contributions to the profession of independent college consulting. Dr. Klaar has been a professional member of IECA since 1998, and served on the Summer Training Institute faculty for many years, served on the IECA Board of Directors for three years, was chair of the Board Development Committee, served on the Education and Training Committee, was chair of the Mentoring Sub-Committee, served on the Ad Hoc Master’s Degree Committee, and was chair of the Ad Hoc Strategic Planning Committee. Additionally, she has taught in the College Counseling Certificate program at UCLA Extension and the Certificate in Independent Educational Consulting program at UC Irvine Extension and at Assumption College in its Master’s in School Counseling Program. For more information visit http://www.cklaar.com, email@example.com, 301-834-6888. For a free report on how you can contribute to your student’s success in college and their career, visit https://www.cklaar.com/about-klaar and click on the link on the right-hand side of the page. Dr. Klaar is a Certified Educational Planner with more than 20 years of experience in her field. She earned her PhD in general psychology from Capella University, an MS in Interdisciplinary Science Studies from Johns Hopkins University, a BA in liberal studies from the University of the State of New York, and a teaching certificate from William Paterson University. Dr. Klaar also provides consulting services to other educational consultants, in particular, those who are new to the field and career counseling across the lifespan.
News Article | February 15, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ: CPLA), a leading educational services company, today announced financial results for the three months and year ended Dec. 31, 2016. “We delivered solid results in 2016 and made significant progress in executing our vision of providing the most direct path between learning and employment,” said Kevin Gilligan, chairman and chief executive officer. “We believe our ‘most direct path’ innovations, including our flexible degree and job-ready skills offerings, will drive long-term growth by expanding our addressable market, creating new sources of revenue, and better positioning us to deliver differentiated value to both consumers and employers.” Results for the three months and year ended Dec. 31, 2016, and comparisons to previous periods, are for consolidated Capella Education Company continuing operations. Included in consolidated results are Hackbright Academy and DevMountain operations from their acquisition dates of April 22 and May 4, 2016, respectively. The sale of Arden University was completed on Aug. 18, 2016 with results presented as discontinued operations. Selected Financial Data for the Three Months Ended Dec. 31, 2016 Revenues were $111.3 million in the fourth quarter of 2016, up 4.9 percent compared to $106.1 million in the fourth quarter of 2015. Operating income was $18.3 million, compared to $20.5 million for the same period in 2015. The operating margin was 16.4 percent, compared to 19.3 percent for the fourth quarter 2015. Diluted net income per common share from continuing operations was $0.97, compared to $1.05 for the same period in 2015. Selected Financial Data for the Fiscal Year Ended Dec. 31, 2016 Revenues were $429.4 million in fiscal year 2016, up 3.1 percent compared to $416.5 million in 2015. Operating income was $68.2 million, compared to $70.3 million for the same period in 2015. The operating margin was 15.9 percent, compared to 16.9 percent in 2015. Diluted net income per common share from continuing operations was $3.58, compared to $3.55 for the same period in 2015. At Dec. 31, 2016, Capella Education Company had cash and marketable securities of $162.3 million, compared to $159.3 million at Dec. 31, 2015, and no debt as of these dates. Cash provided by operating activities from continuing operations for 2016 was $85.1 million compared to $59.9 million in 2015. A portion of the year-over-year increase in 2016 was due to $13.6 million of cash received as an incentive to extend the lease for our headquarters in Minneapolis, MN. The company announced an increase in its quarterly cash dividend to $0.41 per outstanding share of common stock during the fourth quarter of 2016. The dividend was paid on Jan. 13, 2017. The Company repurchased approximately 488,000 shares of Capella stock for total consideration of $25.6 million in fiscal year 2016. In the fourth quarter of 2016, Capella Education Company repurchased approximately 51,000 shares of Capella stock for total consideration of $3.1 million. The remaining authorization as of the end of the fourth quarter was $30.4 million. For the first quarter ending March 31, 2017, consolidated revenues for Capella Education Company are expected to be up 5.0 to 6.0 percent compared to first quarter 2016. Consolidated operating margin is anticipated to be approximately 14.5 to 15.5 percent of total revenue for the first quarter of 2017. Capella University new enrollment is expected to be up in the low-single digit percentage range year-over-year and total enrollment is expected to be up about 1 percent year-over-year. For the fiscal year ending Dec. 31, 2017, consolidated revenues for Capella Education Company are expected to increase 3 to 5 percent year-over-year and operating margins are expected to be similar to fiscal 2016 due to expected investments in advance of accelerated revenue growth. “We are particularly pleased with achieving five consecutive years of strong learner success improvements, which was the primary driver for total enrollment growth in 2016,” said Steve Polacek, senior vice president and chief financial officer. “We are in a strong financial position and are managing our investments thoughtfully with the goal of driving accelerated growth.” Certain information in this news release does not relate to historical financial information, including statements relating to future prospects and expectations regarding our growth, revenues, enrollment, and operating performance, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions investors not to place undue reliance on any such forward-looking statements, which are based on information available at the time those statements are made or management's good faith belief as of that time with regard to future events, and should not be read as a guarantee of future performance or results. Such statements are subject to risks and uncertainties which could cause the company's actual results to differ materially from historical results and from results presently anticipated or projected. The company undertakes no obligation to update its forward-looking statements. Among these risks and uncertainties are any failure to materially comply with the extensive regulatory framework applicable to us, including compliance with Title IV of the Higher Education Act and the regulations thereunder; complying with U.S. Department of Education rules, including those regarding incentive compensation, gainful employment, return of Title IV funds, borrower defenses to repayment, financial responsibility standards, state authorization, certifications and program requirements; maintaining our business in accordance with regional and specialized accreditation standards and state regulatory and program approval requirements; adapting to changes in the administration, funding and availability for Title IV programs; successfully defending litigation and other claims; any governmental action or review of our business, marketing, or financial aid practices, including by any state attorneys general, the federal Consumer Financial Protection Bureau, the Federal Trade Commission, the Minnesota Office of Higher Education or other state or federal regulatory bodies; successfully growing our FlexPath programs; maintaining and expanding existing commercial relationships with employers and developing new employer and business partner relationships; successfully managing our PhD completion efforts; improving our conversion rate and effectively leveraging our brand-driven marketing strategy; keeping up with advances in technology important to the online learner experience; effectively managing data security risks; improving our learner persistence and cohort retention rate; successfully integrating acquisitions; successfully growing Capella Learning Solutions’ new business lines; and managing risks associated with the overall competitive environment and general economic conditions. Other factors that could cause the company’s results to differ materially from those contained in its forward-looking statements include those described in the “Risk Factors” section of our most recent Annual Report on Form 10-K on file with the Securities and Exchange Commission (SEC), and any updates or developments described in our Quarterly Reports on Form 10-Q, our Annual Report on Form 10-K for 2016 and other documents the company files with the SEC. Capella will discuss its fourth quarter 2016 results and outlook during a conference call scheduled today, Feb. 14, 2017, at 9:00 a.m. Eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET), conference ID# 8176. The webcast, including the accompanying presentation, will be available on the Capella Education Company Web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Feb. 14 through Feb. 21, 2017, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment. Note: The summary of financial information by reportable segment above excludes the results of operations for Arden University, which are presented as discontinued operations in our Consolidated Statements of Income. Quarterly revenues and operating income (loss) by reportable segment for 2015 and prior quarters of 2016 can be found at the Capella Education Company website at www.capellaeducation.com, under ‘Investor Relations’, within the ‘Financial Information’ section in the ‘Fiscal Year & Quarterly Results’ spreadsheet.
News Article | March 1, 2017
EVANSVILLE, Ind.--(BUSINESS WIRE)--Accuride Corporation – a leading supplier of components to the North American and European commercial vehicle industries – today announced that The Manufacturing Institute has honored Accuride’s Mary E. Blair, Senior Vice President, Supply Chain Management, as a recipient of its Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award for 2017. The STEP Ahead Awards, now in their fifth year, recognize women who have demonstrated excellence and leadership in their careers, and represent all levels of manufacturing, from the factory floor to the C-Suite. Blair is among this year’s 100 Honorees and 30 Emerging Leaders from 93 companies who represent the diversity of possible career paths in manufacturing. “It is gratifying to have Mary’s many contributions to her profession, the industry and Accuride’s pursuit of manufacturing excellence recognized by her peers as an example for others,” said Rick Dauch, President and CEO of Accuride. “Through her leadership and expertise, Mary has played a significant role in elevating Accuride’s operating and Supply Chain performance to world-class standards. She ably represents the thousands of women making a lasting impact in their organizations, professions and communities.” “These women exemplify the path an exciting career in manufacturing can take,” said Heidi Alderman, 2017 Chair of STEP Ahead and Senior Vice President of Intermediates North America, BASF Corporation. "STEP Ahead recognizes women nationwide for their significant achievements in the field of manufacturing, and the positive impact on their companies and the industry as a whole." “Being recognized as a 2017 STEP Ahead Award recipient by The Manufacturing Institute is a tremendous honor,” Blair said. “I’m grateful to have this opportunity to join my peers in urging the next generation of women to apply their talents to careers in manufacturing. It’s about engaging, mentoring and leading other women into the global manufacturing environment, and helping them fully capitalize on all the opportunities that provides.” The Manufacturing Institute launched the STEP Ahead initiative in 2012 to examine and promote the role of women in the manufacturing industry through recognition, research, and leadership for attracting, advancing, and retaining strong female talent. Accuride’s Jd Marhevko, Vice President, Quality/Lean Management Systems & EHS, received a STEP Ahead Award in 2016. The 2017 STEP Ahead Awards Gala on April 20, 2017 in Washington, D.C., will celebrate Mary Blair and the rest of this year’s honorees, their nominating organizations and peers within the industry. Mary E. Blair has served as Accuride’s Senior Vice President, Supply Chain Management, since joining the company in October 2011. She leads Accuride’s global strategic sourcing, logistics, supplier quality and development, and inventory control and planning activities. Blair joined Accuride from UCI International, a producer of filtration and engine management systems for transportation, where she led Supply Chain for four business units. Previously in her career, she held global supply chain leadership roles with International Truck and Engine (Navistar), General Motors North America Operations and Delphi Interior and Lighting Systems. Blair is a member of the Board of Directors of the University of Evansville Institute for Global Enterprise, and is a former Junior Achievement of Southwestern Indiana board member. She earned a Bachelor of Science degree from Ferris State University and a Master of Science – Business degree from Central Michigan University. Blair is a Capella University Global Leadership Doctoral candidate (PhD – ABD). The Manufacturing Institute (the Institute) is the 501(c)(3) affiliate of the National Association of Manufacturers. As a non-partisan organization, the Institute is committed to delivering leading-edge information and services to the nation's manufacturers. The Institute is the authority on the attraction, qualification and development of world-class manufacturing talent. For more information, please visit www.themanufacturinginstitute.org. With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American and European commercial vehicle industries. The company’s products include commercial vehicle wheels and wheel-end components and assemblies. The company’s products are marketed under its brand names, which include Accuride®, Accuride Wheel End Solutions™, Gunite® and Gianetti Ruote™. Accuride is a portfolio company of Crestview Partners. For more information: www.AccurideCorp.com.
News Article | February 24, 2017
NEW YORK, NY, February 24, 2017 /24-7PressRelease/ -- Katheryn M. Csonka, Assistant Professor of Nursing at Daytona State College has been selected to join the Nursing Board at the American Health Council. She will be sharing her knowledge and expertise on Nursing, Nursing Education and Patient Safety. With over two decades of experience in the field of Nursing, Katheryn offers valuable insight in her role as an Assistant Professor of Nursing at Daytona State College. Established in 1957, Daytona State College serves as a comprehensive public college offering various programs from certificate, associate, and baccalaureate degrees in include health care, emergency services, business, education, hospitality, engineering, technology and more. As an Assistant Professor of Nursing at Daytona State College, Katheryn's day-to-day responsibilities include teaching full-time at Daytona State College. In addition to her role at Daytona State College, Katheryn serves as an Adjunct Professor School of Nursing at Kaplan University and a Visiting Professor School of Nursing at Chamberlain College of Nursing. In 2013, Katheryn earned her Master of Science in Nursing from Walden University. Prior to graduating with her Master of Science in Nursing, Katheryn earned her Certification as a Registered Nurse from Cuyahoga Community College in 1995. Currently, she is working towards her Doctorate of Philosophy from the Capella University. Katheryn maintains affiliation with Sigma Theta Tau, Academy of Medical Surgical Nurses; American Association of Colleges of Nursing, Historical Nurses Association and American Nurses Association. Katheryn's desire to pursue the field of Nursing developed through the influence and the example of her mother's nursing career. Looking back, she attributes her success to her drive to always improve. In her free time, Katheryn enjoys baking, cooking, and traveling. She is proud to have rescued two Daschsuhunds. Considering the future, she hopes to continue teaching, mentoring, and moving into a leadership position involving course development.
News Article | December 30, 2016
NEWINGTON, N.H., Dec. 30, 2016 (GLOBE NEWSWIRE) -- Planet Fitness, Inc. (NYSE:PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., is set to reveal a new creative campaign, “The World Judges, We Don't. At Planet Fitness, Be Free.” The campaign will debut nationally during ABC’s “Dick Clark's New Year's Rockin' Eve with Ryan Seacrest 2017” on December 31st. For the second year in a row, Planet Fitness is also the presenting sponsor of Times Square’s iconic New Year’s Eve celebration in New York City. A video accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0d64364e-51eb-49ed-85ff-863d5140e1c1 For nearly 25 years, Planet Fitness has revolutionized the gym industry, introducing the “Judgement Free Zone®” to first time or casual gym goers – a welcoming and friendly community where people could feel comfortable regardless of their fitness level – and afford to belong with memberships for just $10 a month. Once the challenger brand, the Company’s innovative take on the fitness industry was matched with groundbreaking advertising which focused on “Lunk” behavior and “Gymtimidation” – a feeling of judgement and intimidation often found at typical gyms, and not found at Planet Fitness. Now a preeminent leader in the category, “The World Judges, We Don't. At Planet Fitness, Be Free” campaign, created with agency-of-record Hill Holliday, is an evolution of the Planet Fitness brand spirit and puts Judgement-Free in the context of society: the world, not just other gyms, can be a very intimidating and judgmental place, but Planet Fitness is a place you can go and be yourself and “be free” without fear of being judged. “The World Judges, We Don't. At Planet Fitness, Be Free” addresses the universality of judgement and the symbol for the campaign is the universal symbol for acceptance - the thumbs-up. Taken from the Planet Fitness logo, the thumbs-up symbol is a positive affirmation that is woven throughout all of the campaign creative. The branding executions include advertising on television, radio, print, out of home, digital, and social activity reflective of the evolved brand platform. Throughout January, additional brand vignettes will offer a close-up of the stories that will run across ABC, CBS, NBC, cable and syndicated networks and generate excitement for Planet Fitness’ January sale, where people can join any location for just $1 down and $10 a month with no commitment from January 1-11, 2017. “We are excited to debut this evolution in our branding and communicate a message to consumers that Planet Fitness is a place where they can escape the judgement and pressure felt in their daily lives, and be themselves. This is critical to the Planet Fitness brand DNA and it is also culturally relevant today, which is extremely powerful,” said Jessica Correa, SVP of Marketing at Planet Fitness. “As we head into 2017 and our 25th anniversary year, the Planet Fitness ‘Judgement Free Zone’ has never felt more important and necessary. “The World Judges, We Don't. At Planet Fitness, Be Free” campaign is a true evolution of our brand and one that elevates the promise we made to our members over two decades ago – to remain an environment where you can relax, go at your own pace, do your own thing and be free.” Planet Fitness has more than 8.7 million members with more than 1,200 locations in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. “From its inception, Planet Fitness has been disrupting the gym industry with its low price point and its "Judgement Free Zone," said Khari Streeter, Senior Vice President, Creative Director of Hill Holiday. “On the cusp of their 25th anniversary, we had a unique opportunity to elevate the brand platform beyond the gym. “The World Judges, We Don't. At Planet Fitness, Be Free” campaign embraces the heritage of Planet Fitness, expanding its iconic "Judgement Free Zone" to a genuine refuge where everyone can be free, free to go at their own pace, to be any shape or size, and to be totally free of judgement.” About Planet Fitness Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of September 30, 2016, Planet Fitness had more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women. About Hill Holliday Fighting the daily share battle. It’s what we do. Hill Holliday is proud to be one of the top creative marketing agencies in the country with over 750 employees across our network. Since 1968 we’ve built our business on winning that daily share battle for our clients in the noisiest and most competitive categories. Blending superior creative, media and technology, we deliver game changing ideas for industry leaders like Bank of America, Dunkin' Donuts, John Hancock, (RED), TJX, Chili's, Supercuts, Great Wolf Lodge, Planet Fitness, Tempur Sealy, Capella University and Novartis. For more about our people, our work, and our culture, please visit http://www.hhcc.com.
News Article | November 7, 2016
The International Nurses Association is pleased to welcome Jennifer Leigh Reardon, RN, to their prestigious organization with her upcoming publication in the Worldwide Leaders in Healthcare. Jennifer Leigh Reardon is a Registered Nurse currently working as STABLE Instructor and NRP Instructor at Oregon Health & Science University in Portland, Oregon. With over 15 years of experience in nursing, she specializes in NICU, and adult cardiac nursing. Jennifer Leigh Reardon gained her Associate Degree in Nursing from Indiana University – Purdue University Indianapolis in 2001, prior to obtaining her Bachelor of Science Degree in Nursing in 2004 from the University of Phoenix. An advocate for continuing education, Jennifer gained her Master of Science Degree in Nursing specializing as a Nurse Educator in 2016 from Capella University. Additionally, Jennifer is a Registered Nurse certified in Neonatal Intensive Care, and is also NRP (Neonatal Resuscitation Program) certified. Jennifer maintains a professional membership with the American Nurses Association and the Oregon Nurses Association, and attributes her success to her drive and passion for helping others. When she is not working, Jennifer enjoys reading the Journal of Neonatal Nursing. Learn more about Jennifer Leigh Reardon here and read her upcoming publication in Worldwide Leaders In Healthcare.
Cox J.,Capella University
Computers in Human Behavior | Year: 2012
The corporate information systems users often engage in risky behavior that can threaten the security and integrity of an organization by exposing sensitive information or weakening the existing technological perimeter security. This risky user behavior can be intentional or unintentional, but in either case can cause severe damage to an organization's reputation as well as potentially extending harm to the organization's clients and customers. Information systems users not following the corporate security policies, even though they know the policies, is known as user omissive behavior, also known as the knowing-doing gap. This research examines the information assurance understanding and security awareness at the user level by developing a structured model of the user knowing-doing gap. The model examines the role of organizational narcissism and its affect on user attitudes towards following the organization's information security policies and procedures. It also includes perceived threat as a factor affecting user attitudes towards following information security rules, as well as subjective norms and perceived behavior control consistent with the theory of planned behavior. This structured model provides a framework and description of user information security behavior and the knowing-doing gap. © 2012 Elsevier Ltd. All rights reserved.
News Article | November 10, 2016
MINNEAPOLIS--(BUSINESS WIRE)--#education--Capella University names Richard Senese, PhD, new president.