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) March 15, 2005
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DeVRY INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-13988 36-3150143
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
ONE TOWER LANE, OAKBROOK TERRACE, IL 60181
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (630) 571-7700
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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 (see General Instruction A.2 below):
[ ] Written communications pursuant to Rule 425 under 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))
Total number of pages: 6
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DEVRY INC.
FORM 8-K INDEX
Page No.
Item 1.01 - Entry into a Material Definitive Agreement 3
Item 9.01 - Financial Statements and Exhibits 3
Signatures 3
Exhibit Index 4
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Item 1.01 - Entry into a Material Definitive Agreement
On March 15, 2005, the Company signed a definitive agreement to acquire
Deaconess College of Nursing for approximately $5.3 million in cash, subject to
purchase price adjustments. Located in St. Louis, Missouri, Deaconess has
approximately 450 students enrolled and offers associate and bachelor's degree
programs in nursing. In addition, Deaconess offers a bachelor's degree
completion program designed for registered nurses who have previously completed
an associate degree program. Classes are offered days, evening and weekends with
non-clinical coursework offered both on campus and online. Deaconess currently
generates approximately $4 million in revenue and is not expected to have a
material impact on earnings in fiscal 2005.
Item 9.01 - Financial Statements and Exhibits
(c) - Exhibits
Exhibit
Number Description
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99.1 Press release relating to the signing of a definitive agreement to
acquire Deaconess College of Nursing dated March 15, 2005.
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 thereunto duly authorized.
DEVRY INC.
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(REGISTRANT)
Date: March 15, 2005 /s/Ronald L. Taylor
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Ronald L. Taylor
Chief Executive Officer
Date: March 15, 2005 /s/Norman M. Levine
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Norman M. Levine
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
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99.1 Press release relating to the signing of a definitive
agreement to acquire Deaconess College of Nursing
dated March 15, 2005. 5-6
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