Lincoln Educational Services Corp.
Close the sale of the Nashville campus
Delivered after the deadline (251 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 9 May 2022
- Due
- 30 Sep 2022
- Delivered
- 8 Jun 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The closing of the sale of our existing Nashville campus, which we now expect to occur during Q3”
What we found
Evidence strength A What the grades mean
The company failed to close the Nashville campus sale by the Q3 2022 deadline, eventually completing the transaction on June 8, 2023.
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A Lincoln Educational Services Corp. 10-Q filed 2022-11-07
“Consequently, this transaction is expected to close during the second quarter of 2023.” ✓ confirmed on the page
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A Lincoln Educational Services Corp. 10-Q filed 2023-11-06
“the Company impaired $3.8 million of goodwill and an additional $0.4 million of long-lived assets relating to the sale of the Company’s Nashville, Tennessee property, which occurred on June 8, 2023” ✓ confirmed on the page
Market reaction: the shares moved +13.4% against the S&P 500 over the three sessions around the disclosure (4 Nov 2022 to 9 Nov 2022). What this measures
Checked 2 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- 1 versions
-
Version 1 · original · stated 9 May 2022
Deadline 30 Sep 2022 (“during Q3”) · wording expected
-
Version 2 · stated 8 Aug 2022
Deadline 30 Jun 2023 (“second quarter of 2023”) · wording expected
“During the extension of the due diligence period, the Company will receive monthly non-refundable deposits totaling $1.1 million until the closing date, which is expected to take place in the second quarter of 2023.”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Nashville campus sale
- Where
- Nashville
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to various closing conditions
- Depends on
- Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-LINC-003741 · Corrections policy