National American Univ. Holdings, Inc. : National American University Holdings, Inc. Announces Appointment of Richard L. Halbert to Board of Directors
06/15/2012| 08:35am US/Eastern
National American University Holdings, Inc. (the "Company")
(NASDAQ: NAUH), which through its wholly owned subsidiary operates
National American University ("NAU"), a regionally accredited,
proprietary, multi-campus institution of higher learning, today
announced that Richard L. Halbert has joined its Board of Directors as
an independent director, effective June 14, 2012.
Mr. Halbert has served as a member of NAU's Board of Governors for the
past 16 years and is a former chair of the National American University
Foundation, which was originally established as the NCB Foundation in
1967 for the purpose of making loans and providing scholarships,
fellowships, grants, and other financial assistance to or for the
benefit of students and faculty of NAU. From 2001 to 2007, Mr. Halbert
also served as a member of the Board of Trustees for the Nebraska State
College Board, which oversees the three state colleges.
Mr. Halbert possesses over 20 years of operational and business advisory
experience. In 1991, he co-founded Arck Foods, Inc., a ham processing
company, for which he currently serves as secretary and corporate
counsel. Since 1991, he has also served as president and secretary of
Ol' Farmers Brand, Inc., a subsidiary of Arck Foods, Inc. that sells
hams to Walmart. Since 1982, Mr. Halbert has served as a member of the
Board of Directors of Southeast Nebraska Communications, Inc., for whom
he is also corporate counsel.
As an attorney at law whose firm Halbert, Dunn & Halbert, LLC provides
estate planning and business counseling, Mr. Halbert brings over 40
years of extensive legal experience to the Board. He is a Fellow in The
American College of Trust and Estate Counsel and carries the highest
rating that the Martindale-Hubbel Law Directory can bestow when rating
attorneys. He previously served as city attorney for Falls City, Neb.,
for 22 years and as the school attorney for Falls City Public Schools
for 8 years.
Ronald L. Shape, Ed.D., Chief Executive Officer of the Company, stated,
"We are pleased to welcome Richard to the Company's Board of Directors.
We believe his past contributions to our institution and extensive
experience in higher education, corporate development, and legal
advisory will prove valuable as we pursue the continued growth of the
Company. We look forward to continuing to work closely with Richard and
benefitting from his counsel."
Mr. Halbert replaces H. Edward Yelick, who passed away on May 30, 2012,
after serving on the Board of Directors for 2 years and as a member of
NAU's Board of Governors for 15 years. The Board of Directors remains at
About National American University Holdings,
National American University Holdings, Inc., through its wholly owned
subsidiary, operates National American University, a regionally
accredited, proprietary, multi-campus institution of higher learning
offering associate, bachelor's, and master's degree programs in health
care and business-related disciplines. Accredited by The Higher Learning
Commission and a member of the North Central Association of Colleges and
Schools, NAU has been providing technical and professional career
education since 1941. NAU opened its first campus in Rapid City, South
Dakota, and has since grown to multiple locations throughout the central
United States. In 1998, NAU began offering online courses. Today, NAU
offers degree programs in traditional, online, and hybrid formats, which
provide students increased flexibility to take courses at times and
places convenient to their busy lifestyles.
Forward Looking Statements
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding the Company's business. Statements made in this release, other
than those concerning historical financial information, may be
considered forward-looking statements, which speak only as of the date
of this release and are based on current beliefs and expectations and
involve a number of assumptions. These forward-looking statements
include outlooks or expectations for earnings, revenues, expenses or
other future financial or business performance, strategies or
expectations, or the impact of legal or regulatory matters on business,
results of operations or financial condition. Specifically,
forward-looking statements may include statements relating to the future
financial performance of the Company; the ability to continue to receive
Title IV funds; the growth of the market for the Company's services;
expansion plans and opportunities; consolidation in the market for the
Company's services generally; and other statements preceded by, followed
by or that include the words "estimate," "plan," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "seek," "target" or similar
expressions. These forward-looking statements involve a number of known
and unknown risks and uncertainties or other assumptions that may cause
actual results or performance to be materially different from those
expressed or implied by those forward-looking statements. Other factors
that could cause the Company's results to differ materially from those
contained in its forward-looking statements are included under, among
others, the heading "Risk Factors" in the Company's Annual Report on
Form 10-K, which was filed on August 5, 2011, and in its other filings
with the Securities and Exchange Commission. The Company assumes no
obligation to update the information contained in this release.
National American University Holdings, Inc.
The Equity Group Inc.
© Business Wire 2012