{"url_path":"/sec/linc/8-k/2026-05-13/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1286613/0001140361-26-021084-index.html","accession_number":"0001140361-26-021084","cik":"0001286613","ticker":"LINC","issuer_name":"LINCOLN EDUCATIONAL SERVICES CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1286613/0001140361-26-021084-index.html","primary_entity_key":"0001286613","primary_entity_name":"LINCOLN EDUCATIONAL SERVICES CORP"},"word_count":247,"has_tables":true,"body_markdown":"Item 1.01.\n\nEntry into a Material Definitive Agreement.\n\n \n\nOn May 12, 2026, Lincoln Technical Institute, Inc. (“Lincoln Technical Institute”), a wholly-owned subsidiary of Lincoln Educational Services\nCorporation, entered into a purchase and sale agreement (the “Purchase and Sale Agreement”) with Melrose Omni, LLC, an Illinois limited liability company (the “Seller”), pursuant to which the Seller has agreed to sell to Lincoln Technical Institute\nthe real property owned by the Seller located at 8315-8317 W. North Avenue, Melrose Park, IL 60160, including the building and improvements and other personal property located thereon (the “Property”), for a purchase price of $18,800,000.00 as\nadjusted in accordance with the terms of the Purchase and Sale Agreement. Lincoln Technical Institute currently leases the Property from the Seller from which it operates its Melrose Park campus and determined to purchase the Property as the\nopportunity presented itself. The Purchase and Sale Agreement contains customary representations, warranties, covenants and conditions to closing for agreements of this type including, without limitation, due diligence examinations, reviews and\ninspections of the Property’s condition, title and compliance with applicable law.  Pursuant to the Purchase and Sale Agreement, the parties anticipate closing on the purchase on June 25, 2026.\n\n \n\nThe foregoing description of the Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the\nfull text of the Purchase and Sale Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference."}