Lincoln Educational Services Corporation Announces Barry Morrow’s Retirement as Chair of the Board and Names John Bartholdson as Chair following the 2024 Annual Meeting of Shareholders

PARSIPPANY, N.J., March 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that J. Barry Morrow has notified the Company’s Board of Directors of his decision not to stand for re-election at the Company’s 2024 Annual Meeting of Shareholders. Mr. Morrow joined the Board in 2006 and currently serves as non-executive Chair of the Board.

The Company also announced that the Board of Directors had selected current Board member John A. Bartholdson to succeed Mr. Morrow as the next Chair of the Board following the 2024 Annual Meeting of Shareholders to be held in May. Mr. Bartholdson has been a member of the Board of Directors since 2019.

“The Board of Directors is extremely grateful to Barry for his leadership and dedication to this Company for all of these years and thanks him for his guidance, knowledge and insights which have been significant and meaningful,” said Scott M. Shaw, President, Chief Executive Officer and a member of the Board of Directors. “We wish Barry well in his retirement and future endeavors and now look forward to supporting John Bartholdson as he transitions into the Chair position.”

Mr. Morrow said, “I am honored to have served on Lincoln’s Board of Directors for these nearly 18 years and as Chair since 2015. I am thankful to have had the opportunity to serve with so many other dedicated individuals over these years and share their optimism for Lincoln going forward. John Bartholdson, who is succeeding me as Chair, together with the Board and management team, are well positioned to meet the challenges ahead and capitalize on opportunities for growth and a bright future for Lincoln.”

John Bartholdson joined in saying, “It has been an honor to serve with Barry and to be named as his successor and I thank the Board for its confidence in me. I am looking forward to taking on the role of Chair at this exciting time for Lincoln as the Company continues to execute on its growth strategy.”

ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946. Lincoln currently operates 22 campuses in 13 states under 4 brands: Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute and Euphoria Institute of Beauty Arts and Sciences. For more information, please go to www.lincolntech.edu.