Download 10-K

Download Annual Report

A Strong Foundation

MORE THAN

50%

of new AMU/APU students referred by others

94%

EMPLOYERS surveyed

feel AMU/APU graduates possess
field specific academic skills1

88%

EMPLOYERS SURVEYED

would hire another
AMU/APU graduate1

NEARLY

100,000

STUDENTS

95%

ALUMNI SURVEYED

would recommend AMU/APU
to a friend or colleague2

90%

ALUMNI SURVEYED

either completely or very satisfied with education received3

1. APUS Alumni Employer Survey, 2010–2015.

2. APUS Alumni Survey, 2015.

3. APUS End of Program Survey, 2015.

We’re building for the future
by creating an engaging, collaborative, interactive learning environment that puts us at the forefront of online education.

Dear Stockholders,

Although 2015 was a challenging year, American Public Education, Inc. is building on our strong foundation to fulfill our mission by addressing the critical needs of a rapidly changing higher education landscape and preparing our institutions—and our graduates—for an exciting future.

Dr. Wallace E. Boston, President and CEO

Key Highlights

Foundations for Real Lives

We’re making a real difference in our students' lives and in our communities in which we serve.

Take time to view what these leaders are saying about APEI.

From the Battlefield
to the Boardroom

Max Aulakh, Data Security and Compliance Leader

MAFAZO: Digital Solutions

Helping Employees
Develop Professionally

Cheryl Kula, Sr. Training Programming Manager

ManTech University

Trusted Partner

Barry Thomas, President

FBI National Academy Associates

Supporting Our Community

Peggy A. Smith, Mayor

City of Charles Town, WV

Building on our Foundation

Institutional Goals

Committed to Long-Term Stability in a Difficult Environment

American Public Education, Inc. (NASDAQ: APEI) is a mission-driven provider of higher education to working adults with a proud history of serving the military, public service and nursing communities through American Public University System (APUS) and Hondros College of Nursing (HCON). Today, we are focused on creating an engaging, interactive learning environment, optimizing our outreach efforts and refining our enrollment process—so we can help college-ready students achieve their full potential. As of December 31, 2015, nearly 96,000 students were enrolled at American Public University System and more than 1,500 students were enrolled at Hondros College of Nursing—working adult students who are motivated to advance in their profession and make a real difference in the lives of others.

FROM LEFT TO RIGHT

Michael N. Netzer, Dr. Karan H. Powell, Harry T. Wilkins, CPA, Dr. Gwendolyn M. Hall, Richard W. Sunderland, CPA, Dr. Wallace E. Boston, Peter W. Gibbons, Carol S. Gilbert, Dr. Conrad D. Lotze

Dr. Wallace E. Boston*

President and Chief Executive Officer; Member,
Board of Trustees; Member, Board of Directors

Richard W. Sunderland, Jr., CPA*

Executive Vice President and Chief Financial Officer

Carol S. Gilbert*

Executive Vice President, Programs and Marketing

Dr. Karan H. Powell*

Executive Vice President and Provost

Harry T. Wilkins, CPA (retired December 2015)

Executive Vice President and Chief Development Officer,
American Public Education, Inc.; Chief Executive Officer,
Hondros College of Nursing

Thomas A. Beckett (not pictured)

Senior Vice President, General Counsel

Executive Leadership Team as of April 2016.

*Denotes executive officers for purposes of the Securities Exchange Act.

Peter W. Gibbons*

Senior Vice President and Chief Administrative Officer

Dr. Gwendolyn M. Hall

Senior Vice President and Associate Provost

Dr. Conrad D. Lotze

Senior Vice President and Associate Provost,
Academic Affairs

Michael N. Netzer

Senior Vice President and Associate Provost,
Academic Program Development & Outreach

Tracy M. Woods (not pictured)

Senior Vice President, Chief Information Officer

AMERICAN PUBLIC UNIVERSITY SYSTEM

Office of the President

Dr. Wallace Boston

President and Chief Executive Officer

Mr. Thomas Beckett

Senior Vice President, General Counsel

Mr. Peter Gibbons

Senior Vice President and Chief Administrative Officer

Dr. David Becher

Vice President, Institutional Research

Mr. Daniel Casto, CPA

Vice President, Associate General Counsel

Dr. Russell Kitchner

Vice President, Regulatory and Government Relations

Ms. Amy Panzarella, SPHR, SHRM-SCP

Vice President, Human Resources

Ms. Lynn Wallace

Vice President, Ombudsperson

Ms. Amy Weber, CPA

Vice President, Internal Audit

Academic Leadership

Dr. Karan Powell

Executive Vice President and Provost

Dr. Gwendolyn Hall

Senior Vice President and Associate Provost,
Academic Effectiveness and Student Success

Dr. Conrad Lotze

Senior Vice President and Associate Provost, Academic Affairs

Mr. Michael Netzer

Senior Vice President and Associate Provost, Academic Program Development and Outreach

Mr. Hedi BenAicha

Assistant Provost, Library and Instructional Resources

Dr. Patricia Campbell

Assistant Provost, Graduate Studies, Research and Innovation

Ms. Caroline Simpson

Assistant Provost Student Affairs

Dr. Jennifer Stephens-Helm

Assistant Provost, Assessment and Accreditation

Ms. Karen VenDouern-Srba

Associate Vice President, Academic and Instructional Technology

Mr. Daniel Benjamin

Dean, School of Science, Technology, Engineering and Math

Dr. Brian Freeland

Dean, School of Health Sciences and
Interim Dean School of Education

Dr. Grace Glass

Dean, School of Arts and Humanities

Dr. Chad Patrizi

Dean, School of Business

Dr. Mark Riccardi

Dean, School of Security and Global Studies

Dr. Kim Jacobs

Associate Dean, Core Learning

Ms. Michelle Newman

Registrar

Mr. John Aldrich

Vice President, Military, Veterans, and Community College Outreach

Mr. Michael S. Harbert

Vice President, Strategic Markets and Relationships

Mr. Richard B. Locher

Executive Director, Center for Corporate and
Professional Development

Dr. Chris Reynolds

Dean Academic Outreach and Program Development

Finance and Information Technology

Mr. Richard Sunderland, Jr., CPA

Executive Vice President and Chief Financial Officer

Ms. Tracy Woods

Senior Vice President, Technology Operations and Services

Ms. Melissa Frey

Vice President, Finance Operations

Ms. Claudine Stubblefield

Vice President, Controller

Mr. Chris Symanoskie, IRC

Vice President, Investor Relations

Mr. Keith Wellings

Vice President, Financial Aid and Compliance

Mr. Michael White, CPA

Vice President, Budgeting, Tax and Facilities Management

Marketing and Enrollment

Ms. Carol Gilbert

Executive Vice President, Programs and Marketing

Ms. Elizabeth LaGuardia Cooper

Vice President, Marketing

Ms. Terry Grant

Vice President, Enrollment Management and Student Support

Mr. Jeffrey McCafferty

Vice President, Strategic Planning

HONDROS COLLEGE OF NURSING

Mr. Tony F. Mediate

Chief Operating Officer and Acting CEO

Executive Leadership

Recognition

Nearly 30 graduate students and alumni were honored as Presidential Management Fellowship finalists, one of the nation’s most prestigious programs for leadership and public service.