Washington Post 2012 Annual Report Download - page 55

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the subpoena. Although KHE may receive further requests for information from the Florida Attorney General, there has
been no such further correspondence to date. The Company cannot predict the outcome of this inquiry.
On December 21, 2010, the U.S. Equal Employment Opportunity Commission filed suit against Kaplan Higher
Education Corporation in the U.S. District Court for the Northern District of Ohio alleging racial bias by Kaplan in
requesting credit scores of job applicants seeking financial positions. In March 2011, the court granted in part the
Company’s motion to dismiss the complaint. On January 28, 2013, the court entered summary judgment in favor of
Kaplan Higher Education Corporation and against the EEOC, terminating the case in its entirety. The EEOC will have
60 days in which to file an appeal.
On February 7, 2011, Kaplan Higher Education Corporation received a Civil Investigative Demand from the Office of
the Attorney General of the State of Illinois. The demand primarily sought information pertaining to Kaplan University’s
online students who are residents of Illinois. KHE has cooperated with the Illinois Attorney General and provided the
requested information. Although KHE may receive further requests for information from the Illinois Attorney General, there
has been no such further correspondence to date. The Company cannot predict the outcome of this inquiry.
On April 30, 2011, Kaplan Higher Education Corporation received a Civil Investigative Demand from the Office of the
Attorney General of the State of Massachusetts. The demand primarily sought information pertaining to KHE Campuses’
students who are residents of Massachusetts. KHE has cooperated with the Massachusetts Attorney General and provided
the requested information. Although KHE may receive further requests for information from the Massachusetts Attorney
General, there has been no such further correspondence to date. The Company cannot predict the outcome of this
inquiry.
On July 20, 2011, Kaplan Higher Education Corporation received a subpoena from the Office of the Attorney General
of the State of Delaware. The demand primarily sought information pertaining to Kaplan University’s online students and
KHE Campuses’ students who are residents of Delaware. KHE has cooperated with the Delaware Attorney General and
provided the information requested in the subpoena. Although KHE may receive further requests for information from the
Delaware Attorney General, there has been no such further correspondence to date. The Company cannot predict the
outcome of this inquiry.
The Company and its subsidiaries are also subject to complaints and administrative proceedings and are defendants in
various other civil lawsuits that have arisen in the ordinary course of their businesses, including contract disputes; actions
alleging negligence, libel, invasion of privacy; trademark, copyright and patent infringement; False Claims Act violations;
violations of applicable wage and hour laws; and statutory or common law claims involving current and former students
and employees. While it is not possible to predict the outcomes of these lawsuits, in the opinion of management, their
ultimate dispositions should not have a material adverse effect on the Company’s business, financial condition, results of
operations or cash flows.
Item 4. Mine Safety Disclosures.
Not applicable.
PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Market Information and Holders
The Company’s Class B Common Stock is traded on the New York Stock Exchange under the symbol “WPO.” The
Company’s Class A Common Stock is not publicly traded.
The high and low sales prices of the Company’s Class B Common Stock during the last two years were:
2012 2011
Quarter High Low High Low
January–March ..................................... $405 $364 $456 $402
April–June ......................................... 391 328 454 404
July–September ..................................... 381 328 430 310
October–December ................................. 383 328 394 309
At January 31, 2013, there were 28 holders of record of the Company’s Class A Common Stock and 736 holders of
record of the Company’s Class B Common Stock.
2012 FORM 10-K 43