0000892712-24-000038.txt : 20240208 0000892712-24-000038.hdr.sgml : 20240208 20240208103108 ACCESSION NUMBER: 0000892712-24-000038 CONFORMED SUBMISSION TYPE: SCHEDULE 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN EDUCATIONAL SERVICES CORP CENTRAL INDEX KEY: 0001286613 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 571150621 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81262 FILM NUMBER: 24607464 BUSINESS ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-736-9340 MAIL ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HEARTLAND ADVISORS INC CENTRAL INDEX KEY: 0000937394 ORGANIZATION NAME: IRS NUMBER: 391078128 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A BUSINESS ADDRESS: STREET 1: 790 N WATER STREET STREET 2: SUITE 1200 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-347-7777 MAIL ADDRESS: STREET 1: 790 N WATER STREET STREET 2: SUITE 1200 CITY: MILWAUKEE STATE: WI ZIP: 53202 SCHEDULE 13G/A 1 primary_doc.xml SCHEDULE 13G/A 0000892712-14-000784 0000937394 XXXXXXXX LIVE 9 Common Stock 12/31/2023 0001286613 LINCOLN EDUCATIONAL SERVICES CORP 533535100 14 SYLVAN WAY SUITE A PARSIPPANY NJ 07054 Rule 13d-1(b) HEARTLAND ADVISORS INC WI 0.00 1692900.00 0.00 1745400.00 1745400.00 5.6 IA The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group. Heartland Holdings, Inc. WI 0.00 1692900.00 0.00 1745400.00 1745400.00 5.6 HC The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group. William R. Nasgovitz X1 0.00 1692900.00 0.00 1745400.00 1745400.00 5.6 IN The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group. LINCOLN EDUCATIONAL SERVICES CORP 14 SYLVAN WAY, SUITE A, PARSIPPANY, NEW JERSEY, 07054. (1) Heartland Advisors, Inc. (2) Heartland Holdings, Inc. (3) William R. Nasgovitz Heartland Advisors, Inc. is a wholly-owned subsidiary of Heartland Holdings, Inc., which is controlled by Mr. Nasgovitz. All reporting persons may be contacted at: 790 North Water Street, Suite 1200 Milwaukee, WI 53202 Heartland Advisors, Inc. is a Wisconsin corporation. Heartland Holdings, Inc. is a Wisconsin corporation. William R. Nasgovitz is a United States citizen. N IA HC 1,745,400 shares may be deemed beneficially owned within the meaning of Rule 13d-3 of the Act by (1) Heartland Advisors, Inc. by virtue of its investment discretion and/or voting authority granted by certain clients; (2) Heartland Holdings, Inc.; and (3) William R. Nasgovitz by virtue of his control of Heartland Advisors, Inc. and Heartland Holdings, Inc. Mr. Nasgovitz disclaims beneficial ownership of any shares reported on the Schedule. Heartland Holdings, Inc. files this Schedule solely as the parent company of Heartland Advisors, Inc. and indirect beneficial owner of the Common Stock held by Heartland Advisors, Inc. 5.6 For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages. Y N The clients of Heartland Advisors, Inc., a registered investment adviser, including an investment company registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of shares included on this Schedule. The Heartland Value Fund, a series of Heartland Group, Inc., a registered investment company, owns 1,600,000 shares, or 5.1% of the class of securities reported herein. Any remaining shares disclosed in this filing are owned by various other accounts managed by Heartland Advisors, Inc. on a discretionary basis. To the best of Heartland Advisors' knowledge, none of the other accounts owns more than 5% of the shares of the outstanding stock. N See Item 3 and Cover Pages. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 2, 2023) https://www.sec.gov/Archives/edgar/data/937394/000089271223000014/exhibit1.htm Exhibit 2 - Power of Attorney (incorporated by reference to Exhibit 2 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 2, 2023) https://www.sec.gov/Archives/edgar/data/937394/000089271223000014/exhibit2.htm HEARTLAND ADVISORS INC /s/ Vinita K. Paul 02/08/2024 Heartland Holdings, Inc. /s/ Vinita K. Paul 02/08/2024 William R. Nasgovitz /s/ Vinita K. Paul 02/08/2024