| Business Summary | | Education
Management
Corp.
(EDMC)
is
among
the
largest
providers
of
proprietary
postsecondary
education
in
the
United
States,
based
on
student
enrollment
and
revenues.
Through
its
main
operating
unit,
the
Art
Institutes,
the
Company
offers
bachelor's
and
associate's
degree
programs
and
non-degree
programs
in
the
areas
of
design,
media
arts,
culinary
arts
and
fashion.
The
Company's
Art
Institutes
have
graduated
over
100,000
students.
In
the
fall
quarter
beginning
October
1999,
EDMC's
schools
had
24,502
students
enrolled,
representing
all
50
states
and
over
112
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Education
Management
Corp.
is
a
provider
of
proprietary
postsecondary
education,
offering
associate's
and
bachelor's
degree
programs
and
non-degree
programs
in
the
areas
of
design,
media
arts,
culinary
arts
and
fashion.
For
the
nine
months
ended
3/31/01,
net
revenues
increased
19%
to
$276
million.
Net
income
rose
29%
to
$25.2
million.
Results
reflect
higher
average
enrollment
at
the
Company's
schools,
higher
tuition
rates
and
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Knutson, 66 Chairman
and CEO | $876K | -- | Robert Gioella, 52 Pres
and COO | 503K | -- | John McKernan, Jr., 52 Vice
Chairman | 390K | -- | Robert McDowell, 46 Exec.
VP, CFO | 388K | $112K | David Pauldine, 43 Exec.
VP | 386K | 308K | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|