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INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14 INFORMATION
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CAREER EDUCATION CORPORATION.
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(Name of Registrant as Specified in Its Charter)
BOSTIC R STEVEN
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Steve Bostic issued the following press release on May 17, 2006:
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STEVE BOSTIC SENDS CEASE AND DESIST LETTER TO CAREER
EDUCATION CORPORATION
SEA ISLAND, GA, May 17, 2006 -- Steve Bostic, the beneficial owner of
approximately 1% of the outstanding stock of Career Education Corporation (CEC
or NASDAQ: CECO), today announced that he has sent the following cease and
desist letter to Career Education Corporation for disseminating false and
misleading information to certain CEC stockholders:
May 17, 2006
Board of Directors
Career Education Corporation
2895 Greenspoint Parkway
Suite 600
Hoffman Estates, IL 60195
Ladies and Gentleman:
I write to insist that you immediately cease and desist from disseminating
false and misleading information to the stockholders of Career Education
Corporation ("CEC"), and take all necessary steps to update this false and
misleading information.
In particular, I have been advised by certain stockholders of CEC that CEC
advised such stockholders that if James E. Copeland, Jr. and R. William Ide are
elected to serve as directors of CEC, and I am not elected, Messrs. Copeland and
Ide will not serve. This is categorically untrue. On February 16, 2006, I sent
to you signed Consent of Nominee statements from Messrs. Copeland and Ide in
which they each consented to serve as a director of CEC if elected. These
consents were attached as Annex C to my letter nominating Messrs. Copeland and
Ide for election to CEC's Board. Messrs. Copeland and Ide's consents are not,
and have never been, conditioned on my election to CEC's Board. I attach these
consents to this letter as Exhibit A.
You are not furthering the stockholder's interests by providing false and
misleading information in advance of tomorrow's annual meeting. Providing false
and misleading information hurts CEC and hurts the stockholders. Immediately
cease and desist from further dissemination of false and misleading information
and take all necessary steps to immediately update this false and misleading
information.
Sincerely,
/s/ Steve Bostic
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Steve Bostic
Exhibit A
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee for election as a
director of Career Education Corporation (the "Company"), in the proxy statement
to be filed with the Securities and Exchange Commission and distributed to
stockholders of the Company by R. Steven Bostic and in other materials in
connection with the solicitation of proxies by Mr. Bostic from stockholders of
the Company to be voted at the 2006 annual meeting of stockholders of the
Company and any adjournment thereof, and further consents to serve as a director
of the Company, if elected.
Dated: February 15, 2006
/s/ James E. Copeland, Jr.
James E. Copeland, Jr.
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee for election as a
director of Career Education Corporation (the "Company"), in the proxy statement
to be filed with the Securities and Exchange Commission and distributed to
stockholders of the Company by R. Steven Bostic and in other materials in
connection with the solicitation of proxies by Mr. Bostic from stockholders of
the Company to be voted at the 2006 annual meeting of stockholders of the
Company and any adjournment thereof, and further consents to serve as a director
of the Company, if elected.
Dated: February 15, 2006
/s/ R. William Ide
R. William Ide
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