K12 Inc LRN
Q4 2012 Earnings Call Transcript

Transcript Call Date 09/13/2012

Operator: Good day, ladies and gentlemen, and welcome to the Q4 and Full Year 2012 K12, Incorporated Earnings Conference Call. My name is Benson, and I'll be your operator for today. At this time, all participants are in a listen-only mode. We will conduct the question-and-answer session towards the end of this conference. As a reminder, this call is being recorded for replay purposes.

I would now like to turn the call over to Christi Parker, Vice President of Investor Relations. Please proceed.

Christi Parker - VP, Investor Relations: Thank you. Good morning and welcome to the K12 fourth quarter and full year 2012 earnings conference call. Before we begin, the Company would like to remind you that statements made during this conference call that are not historical facts may be considered forward-looking statements, made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied. In addition, this conference call contains time-sensitive information that reflects management's best analysis only as of the date of this live call.

K12 does not undertake any obligation to publicly update or revise any forward-looking statements. For further information concerning issues that could materially affect financial performance related to forward-looking statements, please refer to K12's Form 10-K and 10-Q filings with the SEC. These filings can be found on the Investor Relations sections of our website at

In addition to disclosing results in accordance with Generally Accepted Accounting Principles in the U.S., or GAAP, we'll discuss certain information that is considered non-GAAP financial information. A reconciliation of this non-GAAP financial information to the most closely comparable GAAP information included in our earnings release and is posted on our website.

This call is open to the public and is being webcast simultaneously on our website. The call will be available for replay there for 60 days.

With me on today's call is Ron Packard, Founder and Chief Executive Officer; Harry Hawks, our Chief Financial Officer and Tim Murray, President and Chief Operating Officer. Following our prepared remarks we will answer any questions you may have.

I will now turn the call over to Ron.

Ron Packard - CEO and Founder: Thank you Christi. Good morning and welcome to the K12's fiscal year 2012 earnings call. I am pleased to be speaking with you today about our accomplishments over the past year and provide some insight about our goals and commitments for the new school year. I would like to start the morning by first welcoming all our students and teachers back to school. Our mission is to deliver an outstanding individualized education program for each of our students that enable them to pursue their dreams. We can do that without the tremendous support of our talented teachers and staff. I want to recognize and thank all of them.

Before we begin talking about our strong quarter, and our review of the upcoming year, I would like to provide some additional information regarding the allegations in Florida. First, all teachers teaching Seminole County students were Florida certified and in our internal review, we have only identified minor mistakes in matching the appropriate grade and course certifications with specific students and courses.

Read our Earnings Call Transcript disclaimer.
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