8-K

UNITED STATESSECURITIES 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

August 10, 2015
(Date of earliest event reported)

American Public Education, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-33810	01-0724376
(State or other jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

111 W. Congress Street Charles Town, West Virginia	25414	304-724-3700
(Address of principal executive offices)	(Zip Code)	(Registrant's telephone number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information
Item 2.02     Results of Operations and Financial Condition.

On August 10, 2015, American Public Education, Inc. issued a press release reporting financial results for the three months ended June 30, 2015.  A copy of American Public Education’s press release is attached to this report as Exhibit 99.1 and is incorporated in this report by reference.  American Public Education has scheduled a conference call and webcast for 5:00 p.m. Eastern time on August 10, 2015 to discuss its financial results, and slides for that call are attached to this report as Exhibit 99.2 and are incorporated in this report by reference.  A copy of the investor fact sheet is attached to this report as Exhibit 99.3 and is incorporated in this report by reference.

Section 9 – Financial Statements and Exhibits
Item 9.01     Financial Statements and Exhibits.

(d)	Exhibits
	99.1	American Public Education, Inc. press release dated August 10, 2015, reporting financial results for the three months ended June 30, 2015.
	99.2	American Public Education, Inc. slides for August 10, 2015 conference call and webcast for the three months ended June 30, 2015.
	99.3	American Public Education, Inc. fact sheet posted to its investor relations website on August 10, 2015.

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.

		American Public Education, Inc.
Date:	August 10, 2015	By:	/s/ Richard W. Sunderland, Jr.
			Richard W. Sunderland, Jr., Executive Vice
			President and Chief Financial Officer

EXHIBIT INDEX

99.1	American Public Education, Inc. press release dated August 10, 2015, reporting financial results for the three months ended June 30, 2015.
99.2	American Public Education, Inc. slides for August 10, 2015 conference call and webcast for the three months ended June 30, 2015.
99.3	American Public Education, Inc. fact sheet posted to its investor relations website on August 10, 2015.

EX-99.1

Exhibit 99.1

American Public Education Reports Second Quarter 2015 Results

CHARLES TOWN, W.Va.--(BUSINESS WIRE)--August 10, 2015--American Public Education, Inc. (NASDAQ: APEI) – parent company of online learning provider American Public University System (APUS) and campus-based Hondros College of Nursing (HCON) – announced financial results for the quarter ended June 30, 2015.

Recent Results:

• Second quarter 2015 consolidated revenue decreased 6.1% to $80.3 million, compared to $85.5 million in the same period of 2014.
• Consolidated income from operations before interest income and income taxes in the second quarter of 2015 decreased to $11.6 million, compared to $15.8 million in the same period of 2014.
• Net income for the second quarter of 2015 decreased to $7.1 million, or $0.42 per diluted share, compared to $9.8 million, or $0.56 per diluted share, in the same period of 2014.
• At American Public University System, net course registrations in the second quarter of 2015 decreased approximately 7% year-over-year and net course registrations by new students in the second quarter of 2015 decreased approximately 19% year-over-year. The decline in total net course registrations by new students was primarily the result of a 32% year-over-year decline in net course registrations by new students who use Federal Student Aid as their primary funding source.
• As of June 30, 2015, active student enrollment at American Public University System decreased 5.8% to 104,400 students, compared to 110,800 students at June 30, 2014.
• As of June 30, 2015, student enrollment at Hondros College of Nursing increased 9% to approximately 1,530 students, compared to 1,410 students as of June 30, 2014.

Financial Results:

Total consolidated revenue for the second quarter of 2015 decreased 6.1% to $80.3 million, compared to total revenue of $85.5 million in the second quarter of 2014. Consolidated income from operations before interest income and income taxes in the second quarter of 2015 was $11.6 million, compared to $15.8 million in the second quarter of 2014. Net income for the second quarter of 2015 was $7.1 million, or $0.42 per diluted share, compared to net income of $9.8 million, or $0.56 per diluted share for the second quarter of 2014. The weighted average diluted shares outstanding for the second quarter of 2015 and 2014 were approximately 16.9 million and 17.5 million, respectively.

For the six months ended June 30, 2015, total revenue decreased 4.8% to $165.7 million, compared to total revenue of $174.0 million in the prior year period. Income from operations before interest income and income taxes for the six months ended June 30, 2015 was $26.0 million, compared to $32.6 million in the prior year period. Net income for the six months ended June 30, 2015 was $15.9 million, or $0.93 per diluted share, compared to net income of $20.2 million, or $1.15 per diluted share in the prior year period. The weighted average diluted shares outstanding for the six months ended 2015 and 2014 were approximately 17.1 million and 17.6 million, respectively.

Total cash and cash equivalents as of June 30, 2015 were approximately $103.7 million with no long-term debt. Capital expenditures were approximately $12.8 million for the six months ended June 30, 2015, compared to $9.2 million in the prior year period. Depreciation and amortization was $9.3 million for the six months ended June 30, 2015, compared to $7.8 million for the same period of 2014.

Enrollments and Registrations:
American Public University System1
For the three months ended June 30,	2015	2014	% Change
Net Course Registrations by New Students	13,500	16,700	-19%
Net Course Registrations	89,000	96,100	-7%
For the six months ended June 30,	2015	2014	% Change
Net Course Registrations by New Students	28,300	34,400	-18%
Net Course Registrations	188,600	202,000	-7%
As of June 30,
Active Student Enrollment2	104,400	110,800	-6%
Hondros College of Nursing3
As of June 30,	2015	2014	% Change
New Student Enrollment	400	380	5%
Total Student Enrollment	1,530	1,410	9%

¹APUS Net Course Registrations represent the approximate aggregate number of courses for which students remain enrolled after the date by which they may drop a course without financial penalty. ²APUS Active Student Enrollment represents the number of unique students who are currently enrolled in a course past the first week of class or who have completed at least one course for which a grade was received within the last 12 months. ³HCON Student Enrollment represents the approximate number of students enrolled in one or more courses after the date by which they may drop the course without financial penalty.

Third Quarter 2015 Outlook:

The following statements are based on American Public Education’s current expectations. These statements are forward-looking and actual results may differ materially. The Company undertakes no obligation to update publicly any forward-looking statements for any reason.

For the quarter ending September 30, 2015, American Public Education anticipates consolidated revenues to decrease between approximately 11% and 7% year-over-year, compared to the prior year period of 2014. The Company expects consolidated net income of between $0.36 and $0.41 per diluted share for the quarter ending September 30, 2015.

American Public Education also expects the following results from its subsidiaries for the quarter ending September 30, 2015:

• At American Public University System, net course registrations by new students are expected to decrease between 23% and 19% year-over-year and total net course registrations are expected to decrease between 8% and 4% year-over-year.
• At Hondros College of Nursing, new student enrollment decreased by approximately 6% year-over-year and total student enrollment increased by approximately 5% year-over-year in the third quarter of 2015.

Webcast:

A live webcast of the Company’s earnings conference call for the quarter ended June 30, 2015 will be broadcast today at 5:00 p.m. Eastern time. This call will be open to listeners who log in through the Company's investor relations website, www.AmericanPublicEducation.com.

A replay of the live webcast will also be available starting approximately one hour after the conclusion of the live conference call. The replay will be archived and available to listeners for one year.

About American Public Education

American Public Education, Inc. (NASDAQ: APEI) is a leading provider of higher learning dedicated to preparing students all over the world for excellence in service, leadership and achievement. The Company offers respected, innovative and affordable academic programs and services to students, universities and partner organizations through wholly owned subsidiaries: American Public University System (APUS) and National Education Seminars Inc., which we refer to in this press release as Hondros College of Nursing. Together, these institutions serve more than 100,000 adult learners worldwide and offer approximately 100 degree programs in fields ranging from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing and liberal arts. For additional information, please visit http://AmericanPublicEducation.com.

Forward Looking Statements

Statements made in this press release regarding American Public Education, Inc., or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education, Inc. and the industry. These forward-looking statements are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Forward-looking statements can be identified by words such as "anticipate," "believe," “seek,” "could," "estimate," "expect," "intend," "may," "should," "will" and "would.” These forward-looking statements include, without limitation, statements regarding expected growth, expected registration and enrollments, expected revenues, and expected earnings. Actual results could differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including the various risks described in the "Risk Factors" section and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2015 and other filings with the SEC. The Company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

American Public Education, Inc.
Consolidated Statement of Income
(In thousands, except per share data)
	Three Months Ended
	June 30,
	2015		2014
	(Unaudited)
Revenues	$	80,263	$	85,463
Costs and expenses:
Instructional costs and services		29,696		30,197
Selling and promotional		16,152		16,982
General and administrative		18,141		18,491
Depreciation and amortization		4,698		3,958
Total costs and expenses		68,687		69,628
Income from operations before interest income and income taxes		11,576		15,835
Interest income		31		98
Income before income taxes		11,607		15,933
Income tax expense		4,548		6,173
Equity investment income (loss), net of taxes		14		42
Net income	$	7,073	$	9,802
Net Income per common share:
Basic		0.42		0.56
Diluted		0.42		0.56
Weighted average number of common shares:
Basic		16,820		17,367
Diluted		16,923		17,473
	Three Months Ended
Segment Information:	June 30,
	2015		2014
Revenues:
American Public Education, Inc.	$	72,578	$	78,295
Hondros College of Nursing	$	7,685	$	7,168
Income from operations before interest income and income taxes:
American Public Education, Inc.	$	10,815	$	15,052
Hondros College of Nursing	$	761	$	783

American Public Education, Inc.
Consolidated Statement of Income
(In thousands, except per share data)
	Six Months Ended
	June 30,
	2015		2014
	(Unaudited)
Revenues	$	165,707	$	174,016
Costs and expenses:
Instructional costs and services		59,956		61,545
Selling and promotional		33,171		34,049
General and administrative		37,246		38,015
Depreciation and amortization		9,287		7,847
Total costs and expenses		139,660		141,456
Income from operations before interest income and income taxes		26,047		32,560
Interest income		41		179
Income before income taxes		26,088		32,739
Income tax expense		10,198		12,500
Equity investment income (loss), net of taxes		(24)		(1)
Net income	$	15,866	$	20,238
Net Income per common share:
Basic		0.93		1.16
Diluted		0.93		1.15
Weighted average number of common shares:
Basic		16,972		17,440
Diluted		17,102		17,626
	Six Months Ended
Segment Information:	June 30,
	2015		2014
Revenues:
American Public Education, Inc.	$	150,030	$	159,644
Hondros College of Nursing	$	15,677	$	14,372
Income from operations before interest income and income taxes:
American Public Education, Inc.	$	24,131	$	31,079
Hondros College of Nursing	$	1,916	$	1,481

CONTACT:
American Public Education, Inc.
Richard W. Sunderland, Jr., CPA, 304-885-5371
Executive Vice President and Chief Financial Officer
or
Christopher L. Symanoskie, 703-334-3880
Vice President, Investor Relations

EX-99.2

Exhibit 99.2

August 10, 2015 Recent Results and Developments Second Quarter 2015

Statements made in this presentation regarding American Public Education, Inc. or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education and the industry. These forward-looking statements are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Forward-looking statements can be identified by words such as “anticipate", “believe”, “seek”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “should”, “will” and “would”. These forward-looking statements include, without limitation, statements regarding expected growth, expected registration and enrollments, expected revenues, expected earnings. Actual results could differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including the various risks described in the “Risk Factors” section and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, Quarterly Report on Form 10-Q for the period ended June 30, 2015 and in the Company’s other filings with the SEC. The Company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. 2 Advancing the Learning Experience | Exploring New Opportunities SAFE HARBOR STATEMENT

American Public Education, Inc. SECOND QUARTER 2015 RESULTS Improved Persistence Offset By A Decline in Net Course Registrations • APUS continued to experience year-overyear declines in net course registrations by students using Federal Student Aid and DoD Tuition Assistance. • Undergraduate first course pass and completion rates at APUS improved, compared to the prior year period. • APUS bad debt expense declined as a percent of revenue, compared to the prior year period. • APUS added new strategic partnerships, including with several public service professional associations. • Student enrollment at Hondros College of Nursing increased approximately 9%, compared to the prior year period. Primary Funding Source Second Quarter 2015 Y/Y Growth VA +7% Cash & Other 0% TA/Military -10% FSA/Title IV -16% For the six months ended June 30, 2015 APUS Net Course Registrations by Primary Funding Source Cash & Other 12.6% FSA/Title IV 32.1% Military/TA 34.7% VA 20.6% 3 Advancing the Learning Experience | Exploring New Opportunities

VALUE & BRAND LEADERSHIP Competitive Advantage Drives Marketplace Differentiation REPUTATION FOR LEADERSHIP 4 Advancing the Learning Experience | Exploring New Opportunities • AMU again ranked as the #1 school serving active duty service members by Military Times Magazine with approx. 17% market share in 2014. • AMU moved up two spots to be the #6 provider to Veterans as ranked by Military Times Magazine. • Two AMU alumni recognized as 2015 Service Member of the Year. AFFORDABLE TUITION SOURCE: Department of Ed tuition tool covering the 2013‐2014 academic year. http://collegecost.ed.gov/catc/# Net Prices: APUS vs National Averages At 4‐yr and above institutions Net price is cost of attendance minus grant and scholarship aid.

PURSUIT OF QUALITY GROWTH Academic Intent, Student Readiness & Persistence 5 Advancing the Learning Experience | Exploring New Opportunities Key initiatives appear to be improving our quality mix of students, which may lead to improved outcomes and future financial stability. Additional benefits of quality growth may include the following: Improved ROI in Outreach Increase in Lifetime Value Lower Bad Debt Expense Enhanced Student Experience Product Differentiation “As a percent, fewer undergraduate students failing and withdrawing from their first course at APU.” First Course Completion/Pass Rate by Undergraduate Students Using Primarily FSA

STRATEGY & KEY INITIATIVES Committed to Continuous Improvement Advancing the Learning Experience | Exploring New Opportunities 6 ADVANCING THE LEARNING PLATFORM; SEEKING NEW OPPORTUNITIES Key Initiatives Current Status Expand student persistence pilots, including ClearPath Ongoing Increase strategic relationships and targeted outreach Ongoing Launched APUS Native Classroom App (“APUS Mobile”) Completed Implement admissions standards/assessment Completed Tuition increase (tuition grant for military and military‐affiliated) Completed Multiple disbursements in Federal Student Aid (4Q2015) Planned Improve Lead to Application Conversion Process Initiated For the six months ended June 30, 2015, civilian student leads at APUS have increased by 38%, compared to the same period of 2014. At the same time, the number of applications for admission decreased 16%, compared to the prior year. Differentiated & Advanced Learning Experience – On Online/On Campus New Academic Fields and Markets – Through Investment & Acquisition

FINANCIAL RESULTS SUMMARY Second Quarter 2015 (Consolidated) Advancing the Learning Experience | Exploring New Opportunities 7 • Revenue decreased 6.1% to $80.3 million, compared to the prior year period. • Overall operating margins decreased in the second quarter of 2015: • Instructional costs and services as a percentage of revenue increased to 37.0%, compared to 35.3% in the prior year period. • Selling and promotional expenses increased as a percent of revenue to 20.1%, compared to 19.9% in the prior year period. • General and administrative expenses as a percentage of revenues increased to 22.6% compared to 21.6% in the prior period. • Bad debt expense as percent of revenue decreased to 4.9%, compared to 5.7% in the prior year period. • Income from operations before interest income and income taxes decreased to $11.6 million, compared to $15.8 million in the prior year period. • Net income decreased to $7.1 million or approximately $0.42 per diluted share, compared to the prior year period. • Cash and cash equivalents decreased to $103.7 million with no long-term debt. • Approximately $13.3 million in cash was used to repurchase 563,820 shares of common stock.

FINANCIAL & OPERATIONAL OUTLOOK Third Quarter 2015 Advancing the Learning Experience | Exploring New Opportunities 8 The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. Approximate Change (y/y) APUS Net course registrations by new students -23% to -19% APUS Net course registrations -8% to -4% HCON New student enrollment Approx. -6% HCON Total student enrollment Approx. +5% Total revenue -11% to -7% Total net income per diluted share $0.36 to $0.41 Third Quarter 2015

Second Quarter 2015 Financial Results Conference Call August 10, 2015

10 Advancing the Learning Experience | Exploring New Opportunities The table below includes a summary of expenses as a percent of revenue for our operating segments: 2015 2014 2015 2014 2015 2014 Revenues 100% 100% 100% 100% 100% 100% Costs and expenses: Instructional costs and services 34.8% 33.0% 57.5% 61.3% 37.0% 35.3% Selling and promotional 21.1% 21.1% 10.8% 6.9% 20.1% 19.9% General and administrative 23.1% 22.1% 18.2% 16.7% 22.6% 21.6% Depreciation and amortization 6.1% 4.7% 3.6% 4.2% 5.9% 4.6% Total costs and expenses 85.1% 80.9% 90.1% 89.1% 85.6% 81.4% HCON SEGMENT (Unaudited) CONSOLIDATED Three Months Ended June 30, APEI SEGMENT (Unaudited) (Unaudited) APPENDIX I. Second Quarter 2015 Segment Expense Ratios

EX-99.3

Exhibit 99.3

American Public Education, Inc. (NASDAQ: APEI) is a leading education services provider founded to prepare adult learners for service and leadership in a diverse global economy. The Company offers respected, innovative and affordable educational programs and services to students, universities and partner organizations through wholly owned subsidiaries: American Public University System (APUS) and Hondros College of Nursing. Together these institutions serve more than 100,000 adult learners worldwide and offer approximately 100 degree programs in fields ranging from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing and liberal arts. American Public University System is accredited by the Higher Learning Commission (HLC). Hondros College, Nursing Programs is accredited by the Accrediting Council for Independent Colleges and Schools (ACICS), 750 First Street, NE Suite 980, Washington, DC 20002 (www.acics.org, 202-336-6780). HLC and ACICS are accrediting agencies recognized by the U.S. Department of Education and the Council for Higher Education Accreditation. APEI Strategy Our strategy builds on the core strengths of quality, affordability and innovation, which have helped establish our reputation for leadership and innovation. Moving forward, our plan is to continue expanding our presence in military, public service and civilian communities primarily through building relationships and referrals. As the higher education landscape changes, we intend to promote the success of our students through technological innovation, expand our program offerings, especially in high-demand fields, and actively pursue promising new frontiers in education through strategic partnerships, investments and acquisitions. Contact: Chris Symanoskie, Vice President, Investor Relations 703-334-3880 or csymanoskie@apus.edu NOTE: Past performance is not indicative of future results. Additional information, including important details about risk factors, can be found in the company’s filings with the U.S. Securities and Exchange Commission, www.sec.gov. Net Income Attributable to Common Stockholders $29,868 $40,757 $42,323 $42,034 2014 $40,877 2013 2012 2011 2010 June 2015 TICKER: APEI EXCHANGE: NASDAQ $198,174 $260,377 $313,516 $329,479 2014 $350,020 2013 2012 2011 2010 Revenue $47,078 $70,438 $52,838 $59,414 2014 $61,030 2013 2012 2011 2010 Net Cash Provided by Operating Activities $141,839 $198,891 $237,603 $271,655 2014 $297,904 2013 2012 2011 2010 Total Assets

1. For additional details, visit www.amu.apus.edu/tuition-and-finance/tuition-and-fees/ 2. Represents returning undergraduate students from 2012 conferrals. 3. National Education Seminars, which we refer to as Hondros College of Nursing, was acquired by APEI, effective November 1, 2013. APUS American Public University System An online institution of higher learning serving the needs of military, public service and civilian communities through American Military University (AMU) and American Public University (APU). Enrollment and Registrations For the three months ended June 30, 2015 2014 % Change Net Course Registrations by New Students 13,500 16,700 -19% Net Course Registrations 89,000 96,100 -7% For the six months ended June 30, 2015 2014 % Change Net Course Registrations by New Students 28,300 34,400 -18% Net Course Registrations 188,600 202,000 -7% As of June 30, 2015 2014 % Change Active Student Enrollement 104,400 110,800 -6% APUS Net Course Registrations represent the approximate aggregate number of courses for which students remain enrolled after the date by which they may drop a course without financial penalty. Enrollment by Degree Level 62% Bachelors 21% Associates 17% Masters 29% Security & Global Studies 26% Business 18% Arts & Humanities 14% Science, Technology, Engineering & Math 9% Public Service & Health 4% Education Enrollment by School At-A-Glance Avg. Age of Students: 33 years Avg. Undergraduate Class Size: 19 students Gender Ratio: 64% male/36% female Avg. Courses Per Year: 3 Military/4 Civilian Faculty: 420 Full-Time/1,770 Adjunct Staff: 970 Full-Time/18 Part-Time AMU & APU Graduates 53,000+ Alumni 45%+ of APUS undergraduate alumni return for second degree2 45%+ of APUS students referred by others 51% Licensed Practical Nurse 33% Associate Degree in Nursing 17% Bachelors Science of Nursing Hondros College of Nursing Enrollment by Program 3 Serving the needs of nurses and the healthcare community through campus locations in Cincinnati, Dayton, Columbus and Cleveland, Ohio. Student Enrollment As of June 30, 2015 2014 % Change New Student Enrollment 400 380 5% Total Student Enrollment 1,530 1,410 9% Student enrollment represents the approximate number of students enrolled in one or more courses after the date by which they may drop the course without financial penalty. Approximate Cost (Tuition & Fees) of Degree Completion Licensed Practical Nurse $22,114 Associate Degree in Nursing $34,980 Bachelors Science of Nursing $18,415 At-A-Glance Avg. Age of Students: 30 years Gender Ratio: 92% female/8% male Faculty: 110 Full-Time/50 Part-Time Staff: 80 Full-Time Graduates 800+ Alumni Tuition Our total costs of combined tuition, books, and required fees are approximately 17% less for undergraduate and 37% less for graduate students than the average published in-state total costs at public institutions.1 Registrations by Primary Funding Source For the six months ended June 30, 2015 35% Department of Defense Tuition Assistance (TA) 31% Federal Student Aid (Title IV) 21% Veteran’s Benefits (VA) 13% Cash & Other Sources