0001193125-12-327317.txt : 20120801 0001193125-12-327317.hdr.sgml : 20120801 20120801090101 ACCESSION NUMBER: 0001193125-12-327317 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20120801 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120801 DATE AS OF CHANGE: 20120801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APOLLO GROUP INC CENTRAL INDEX KEY: 0000929887 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 860419443 STATE OF INCORPORATION: AZ FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25232 FILM NUMBER: 12998573 BUSINESS ADDRESS: STREET 1: 4615 EAST ELWOOD ST CITY: PHOENIX STATE: AZ ZIP: 85040 BUSINESS PHONE: 6029665394 MAIL ADDRESS: STREET 1: 4615 E ELWOOD STREET CITY: PHOENIX STATE: AZ ZIP: 85040 8-K 1 d389069d8k.htm FORM 8-K Form 8-K

 

 

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): August 1, 2012

 

 

Apollo Group, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Arizona   0-25232   86-0419443

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

4025 S. Riverpoint Parkway, Phoenix,

Arizona

  85040
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (480) 966-5394

Former name or former address, if changed since last report

 

 

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 8 – Other Events

 

Item 8.01 Other Events.

Apollo Group, Inc. subsidiary, University of Phoenix, has received an Expedited Final Program Review Determination Letter from the U.S. Department of Education in respect of the Department’s July 2012 review of the University’s financial aid programs subject to Title IV of the Higher Education Act for the 2010-2011 award year and 2011-2012 award year to date. There were no findings in the program review.

A copy of the Department’s Expedited Final Program Review Determination Letter is furnished as Exhibit 99.1 to this Form 8-K.

The information in Item 8.01 of this Form 8-K and Exhibit 99.1 furnished herewith shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.

Section 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

The following exhibits are provided herewith:

 

Exhibit
Number

  

Description

99.1    Final Program Review Determination Letter from the U.S. Department of Education.


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.

 

    Apollo Group, Inc.
August 1, 2012     By:   /s/ Brian L. Swartz
      Name: Brian L. Swartz
      Title: Senior Vice President and Chief Financial Officer


Exhibit Index

 

Exhibit
No.

  

Description

99.1    Final Program Review Determination Letter from the U.S. Department of Education.
EX-99.1 2 d389069dex991.htm FINAL PROGRAM REVIEW DETERMINATION LETTER FROM THE U.S. DEPARTMENT OF EDUCATION Final Program Review Determination Letter from the U.S. Department of Education

Exhibit 99.1

 

LOGO

July 27, 2012

 

Dr. William J. Pepicello, President

    

University of Phoenix

    

Certified Mail

1625 West Fountainhead Parkway

    

Return Receipt Requested

Tempe, AZ 85282-2371

    

#:7007 0710 0001 0676 0947

 

RE: Expedited Final Program Review Determination Letter
OPE ID: 02098800
PRCN: 201240927981

Dear Dr. Pepicello:

From July 16, 2012 through July 23, 2012, Nancy Taylor and Anna Archila conducted an off-site review of University of Phoenix’s (UOP) administration of the programs authorized pursuant to Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. §§ 1070 et seq. (Title IV, HEA programs). The purpose of this Final Program Review Determination Letter is to close the program review.

The focus of the review was to determine UOP’s compliance with the statutes and federal regulations as they pertain to the institution’s administration of Title IV programs. The review consisted of, but was not limited to, an examination of UOP’s verification policies and procedures, and the review of individual student financial aid files of students that had been selected for verification.

A sample of 30 files was identified for review from the 2010-2011 and 2011-2012 award years. The files were selected randomly from a statistical sample of a population selected specifically for verification. Appendix A lists the names and partial social security numbers of the students whose files were examined during the program review.

Protection of Personally Identifiable Information (PII):

PII is any information about an individual which can be used to distinguish or trace an individual’s identity (some examples are name, social security number, date and place of birth). The loss of PII can result in substantial harm, embarrassment, and inconvenience to individuals and may lead to identity theft or other fraudulent use of the information. Appendix A was encrypted and sent separately to the institution via e-mail.

 

LOGO


University of Phoenix

OPE ID: 02098800

PRCN: 201240927981

Page 2 of 2

 

Although the review was thorough, it cannot be assumed to be all-inclusive. The absence of statements in the report concerning UOP’s specific practices and procedures must not be construed as acceptance, approval, or endorsement of those specific practices and procedures. Furthermore, it does not relieve UOP of its obligation to comply with all of the statutory or regulatory provisions governing the Title IV, HEA programs.

During the review, no findings were identified.

Record Retention:

Program records relating to the period covered by the program review must be retained until the end of the retention period otherwise applicable to the record under 34 C.F.R. § 668.24(e).

We would like to express our appreciation for the courtesy and cooperation extended during the review. If you have any questions concerning this letter, please call Nancy Taylor at (415) 486-5508.

Sincerely,

 

LOGO

Martina Fernandez-Rosario

Division Director

 

cc: Ms. Kristen Vedder. Associate Vice President of Apollo Group Financial Aid
Ms. Teri Stanfill, Executive Director, AZ State Board for Private Postsecondary Education
Dr. Sylvia Manning, President, North Central Association of Colleges and Schools
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