PARSIPPANY, N.J. March 15, 2024 - Lincoln Educational Services Corporation (Nasdaq: LINC), a leading provider of career-focused education, recently revealed key changes in leadership and reported positive financial results. The company announced that J. Barry Morrow, the current non-executive Chair of the Board, will be retiring and will not stand for re-election at the upcoming 2024 Annual Meeting of Shareholders. Following his retirement, Mr. John Bartholdson has been appointed as the new Chair of the Board.
J. Barry Morrow has been an esteemed member of the Board since 2006 and has played a crucial role in steering Lincoln Educational Services Corporation towards continued success. As the non-executive Chair, Morrow has been instrumental in providing guidance and strategic direction to the company. His retirement marks the end of an era, but his contributions will be remembered and appreciated.
John Bartholdson, the newly appointed Chair of the Board, brings a wealth of experience and expertise to his role. With his extensive background in education and corporate governance, Bartholdson is well-equipped to lead the company into its next phase of growth and success. His appointment signifies stability and continuity, ensuring a smooth transition of leadership at Lincoln Educational Services Corporation.
In addition to the leadership news, the company’s financial performance has also shown encouraging signs. Over the trailing 30 days, Lincoln Educational Services Corp stock experienced a slight decrease of -0.5%. However, these fluctuations are part of the normal market dynamics and do not significantly impact the overall trajectory of the company.
Furthermore, in the third quarter of 2023, Lincoln Educational Services Corp reported a robust return on equity (ROE) of 18.9%. This figure is particularly noteworthy as it surpasses the company’s average return on equity of -4.48%. The improved financial performance showcases the effectiveness of the company’s strategies and initiatives.
Lincoln Educational Services Corporation remains committed to its mission of providing career-focused education and empowering students for success in the workforce. With a new chairman at the helm, the company is well-positioned for future growth and innovation.
As the 2024 Annual Meeting of Shareholders approaches, the company anticipates continuing its momentum and building upon its strong foundation. Lincoln Educational Services Corporation remains dedicated to delivering high-quality education and driving positive outcomes for its students and stakeholders.
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