One of the nation's largest publicly traded for-profits, Education Management Corporation, is about to get less public.
Last week EDMC announced plans to drop its registration with the U.S. Securities and Exchange Commission (SEC) and its listing on the NASDAQ Stock Market. The reason, the Pittsburgh-based company said, is the cost of compliance with public disclosure rules.
"The demands of management's time and the company resources required to continue its SEC reporting obligations and maintain its NASDAQ listing were greater than the benefits received by the company and its stockholders," EDMC said in a written statement.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2014/10/28/profit-chain-leaves-stock-market-save-money-public-disclosures