Table of Contents

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1
(Mark One)
     
þ   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: August 31, 2010
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from [    ] to [    ]
Commission File Number: 0-25232
APOLLO GROUP, INC.
(Exact name of registrant as specified in its charter)
     
ARIZONA   86-0419443
( State or other jurisdiction of   (I.R.S. Employer Identification No.)
incorporation or organization)    
4025 S. RIVERPOINT PARKWAY, PHOENIX, ARIZONA 85040
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (480) 966-5394
Securities registered pursuant to Section 12(b) of the Act:
     
Apollo Group, Inc.    
Class A common stock, no par value   The NASDAQ Stock Market LLC
(Title of each class)   (Name of each exchange on which registered)
Securities registered pursuant to Section 12(g) of the Act:
None

(Title of class)
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
YES  þ           NO  o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
YES  o           NO  þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
YES  þ           NO  o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
YES  þ           NO  o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. þ
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer  þ Accelerated filer  o  
Non-accelerated filer  o
(do not check if a smaller reporting company)
Smaller reporting company  o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
YES  o           NO  þ
No shares of Apollo Group, Inc. Class B common stock, its voting stock, are held by non-affiliates. The holders of Apollo Group, Inc. Class A common stock are not entitled to any voting rights. The aggregate market value of Apollo Group Class A common stock held by non-affiliates as of February 28, 2010 (last day of the registrant’s most recently completed second fiscal quarter), was approximately $7.7 billion.
The number of shares outstanding for each of the registrant’s classes of common stock as of October 12, 2010 is as follows:
     
Apollo Group, Inc. Class A common stock, no par value
  147,331,000 Shares
Apollo Group, Inc. Class B common stock, no par value
  475,000 Shares
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Information Statement for the 2011 Annual Meeting of Class B Shareholders (Part III)
 
 

 


Table of Contents

Explanatory Note
     This Amendment No. 1 on Form 10-K/A to our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, filed with the Securities and Exchange Commission on October 21, 2010 (the “initial filing”), is being filed for the sole purpose of furnishing the Interactive Data Files on Exhibit 101.
     No other changes have been made to the initial filing. This Form 10-K/A does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update any related disclosures made in the initial filing.
     Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

 


TABLE OF CONTENTS

SIGNATURES
Index to Exhibits
EX-101 INSTANCE DOCUMENT
EX-101 SCHEMA DOCUMENT
EX-101 CALCULATION LINKBASE DOCUMENT
EX-101 LABELS LINKBASE DOCUMENT
EX-101 PRESENTATION LINKBASE DOCUMENT
EX-101 DEFINITION LINKBASE DOCUMENT


Table of Contents

SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  APOLLO GROUP, INC.
An Arizona Corporation
 
 
  By:   /s/ Charles B. Edelstein    
    Charles B. Edelstein   
    Co-Chief Executive Officer and Director
(Principal Executive Officer) 
 
 
     
  By:   /s/ Gregory W. Cappelli    
    Gregory W. Cappelli   
    Co-Chief Executive Officer and Director
(Principal Executive Officer) 
 
 
Date: November 17, 2010

 


Table of Contents

Index to Exhibits
                             
        Incorporated by Reference    
Exhibit               Exhibit       Filed
Number   Exhibit Description   Form   File No.   Number   Filing Date   Herewith
 
                           
3.1
  Amended and Restated Articles of Incorporation of Apollo Group, Inc., as amended through June 20, 2007   10-Q   No. 000-25232     3.1     January 7, 2010    
 
                           
3.2
  Amended and Restated Bylaws of Apollo Group, Inc.   10-Q   No. 000-25232     3.2     April 10, 2006    
 
                           
10.1
  Apollo Group, Inc. Long-Term Incentive Plan*   S-1   No. 33-83804     10.3     September 9, 1994    
 
                           
10.2
  Apollo Group, Inc. Plan Amendment to Long-Term Incentive Plan*   10-Q   No. 000-25232     10.5     June 28, 2007    
 
                           
10.3
  Apollo Group, Inc. Plan Amendment to Long-Term Incentive Plan*   10-K   No. 000-25232     10.3     October 27, 2009    
 
                           
10.4
  Apollo Group, Inc. Amended and Restated Savings and Investment Plan*   10-Q   No. 000-25232     10.4     January 14, 2002    
 
                           
10.5
  Apollo Group, Inc. Third Amended and Restated 1994 Employee Stock Purchase Plan*   10-K   No. 000-25232     10.5     November 14, 2005    
 
                           
10.6
  Apollo Group, Inc. 2000 Stock Incentive Plan (as amended and restated June 25, 2009)*   10-Q   No. 000-25232     10.3     June 29, 2009    
 
                           
10.7
  Apollo Group, Inc. 2000 Stock Incentive Plan Amendment   10-Q   No. 000-25232     10.3     June 30, 2010    
 
                           
10.8
  Form of Apollo Group, Inc. Non-Employee Director Stock Option Agreement*   10-Q   No. 000-25232     10.6     June 28, 2007    
 
                           
10.9
  Form of Apollo Group, Inc. Non-Employee Director Restricted Stock Unit Award Agreement*   10-Q   No. 000-25232     10.7     June 28, 2007    
 
                           
10.10
  Form of Apollo Group, Inc. Stock Option Agreement (for officers with an employment agreement)*   10-Q   No. 000-25232     10.3     January 8, 2009    
 
                           
10.11
  Form of Non-Statutory Stock Option Agreement (for officers without an employment agreement)*   10-Q   No. 000-25232     10.4     January 8, 2009    
 
                           
10.12
  Form of Apollo Group, Inc. Restricted Stock Unit Award Agreement (for officers with an employment agreement)*   10-Q   No. 000-25232     10.1     January 8, 2009    
 
                           
10.13
  Form of Apollo Group, Inc. Restricted Stock Unit Award Agreement (for officers without an employment agreement)*   10-Q   No. 000-25232     10.2     January 8, 2009    
 
                           
10.14
  Aptimus, Inc. 2001 Stock Plan*   S-8   No. 333-147151     99.1     November 5, 2007    
 
                           
10.15
  Apollo Group, Inc. Stock Option Assumption Agreement Aptimus,   S-8   No. 333-147151     99.2     November 5, 2007    

 


Table of Contents

                             
        Incorporated by Reference    
Exhibit               Exhibit       Filed
Number   Exhibit Description   Form   File No.   Number   Filing Date   Herewith
 
                           
 
  Inc. 2001 Stock Plan*                        
 
                           
10.16
  Apollo Group, Inc. Stock Appreciation Right Assumption Agreement Aptimus, Inc. 2001 Stock Plan*   S-8   No. 333-147151     99.3     November 5, 2007    
 
                           
10.17
  Aptimus, Inc. 1997 Stock Option Plan, as amended*   S-8   No. 333-147151     99.4     November 5, 2007    
 
                           
10.18
  Apollo Group, Inc. Stock Option Assumption Agreement Aptimus, Inc. 1997 Stock Option Plan, as amended*   S-8   No. 333-147151     99.5     November 5, 2007    
 
                           
10.19
  Apollo Group, Inc. Executive Officer Performance Incentive Plan*   10-Q   No. 000-25232     10.1     January 8, 2008    
 
                           
10.20
  Apollo Group, Inc. Deferral Election Program for Non-Employee Board Members*   10-K   No. 000-25232     10.20     October 27, 2009    
 
                           
10.21
  Apollo Group, Inc. Senior Executive Severance Pay Plan*   10-Q   No. 000-25232     10.1     June 30, 2010    
 
                           
10.22
  Form of Performance Share Award Agreement*   10-Q   No. 000-25232     10.2     June 30, 2010    
 
                           
10.23
  Form of Indemnification Agreement — Employee Director*   10-K   No. 000-25232     10.23     October 21, 2010    
 
                           
10.24
  Form of Indemnification Agreement — Outside Director*   10-K   No. 000-25232     10.24     October 21, 2010    
 
                           
10.25
  Amended and Restated Employment Agreement between Apollo Group, Inc. and John G. Sperling, dated December 31, 2008*   10-Q   No. 000-25232     10.10     January 8, 2009    
 
                           
10.26
  Amended and Restated Deferred Compensation Agreement between Apollo Group, Inc. and John G. Sperling, dated December 31, 2008*   10-Q   No. 000-25232     10.11     January 8, 2009    
 
                           
10.27
  Shareholder Agreement among Apollo Group, Inc. and holders of Apollo Group Class B common stock, dated September 7, 1994   S-1   No. 33-83804     10.10     September 9, 1994    
 
                           
10.27b
  Amendment to Shareholder Agreement among Apollo Group, Inc. and holders of Apollo Group Class B common stock, dated May 25, 2001   10-K   No. 000-25232     10.10b     November 28, 2001    
 
                           
10.27c
  Amendment to Shareholder Agreement among Apollo Group, Inc. and holders of Apollo Group Class B common stock, dated June 23, 2006   10-K   No. 000-25232     10.23c     October 27, 2009    
 
                           
10.27d
  Amendment to Shareholder Agreement among Apollo Group, Inc. and holders of Apollo Group Class B common stock, dated May 19, 2009   10-K   No. 000-25232     10.23d     October 27, 2009    
 
                           
10.28
  Employment Agreement between Apollo Group, Inc. and Gregory W.   10-K   No. 000-25232     10.18     May 22, 2007    

 


Table of Contents

                             
        Incorporated by Reference    
Exhibit               Exhibit       Filed
Number   Exhibit Description   Form   File No.   Number   Filing Date   Herewith
 
                           
 
  Cappelli, dated March 31, 2007*                        
 
                           
10.29
  Stock Option Agreement between Apollo Group, Inc. and Gregory W. Cappelli, dated June 28, 2007*   10-Q   No. 000-25232     10.10     June 28, 2007    
 
                           
10.30
  Amendment to Employment Agreement between Apollo Group, Inc. and Gregory Cappelli, dated December 12, 2008*   10-Q   No. 000-25232     10.6     January 8, 2009    
 
                           
10.31
  Amendment No. 2 to Employment Agreement between Apollo Group, Inc. and Gregory Cappelli, dated April 24, 2009*   8-K   No. 000-25232     10.1     April 27, 2009    
 
                           
10.32
  Amended and Restated Employment Agreement between Apollo Group, Inc. and Joseph L. D’Amico, dated May 18, 2010*   8-K   No. 000-25232     10.2     May 17, 2010    
 
                           
10.33
  Employment Agreement between Apollo Group, Inc. and P. Robert Moya, dated August 31, 2007*   10-K   No. 000-25232     10.26     October 29, 2007    
 
                           
10.34
  Amendment to Employment Agreement between Apollo Group, Inc. and P. Robert Moya, dated December 12, 2008*   10-Q   No. 000-25232     10.9     January 8, 2009    
 
                           
10.35
  Transition Agreement between Apollo Group, Inc. and P. Robert Moya, dated May 17, 2010*   8-K   No. 000-25232     10.1     May 17, 2010    
 
                           
10.36
  Employment Agreement between Apollo Group, Inc. and Charles B. Edelstein, dated July 7, 2008*   8-K   No. 000-25232     10.1     July 8, 2008    
 
                           
10.37
  Amendment to Employment Agreement between Apollo Group, Inc. and Charles B. Edelstein, dated December 12, 2008*   10-Q   No. 000-25232     10.8     January 8, 2009    
 
                           
10.38
  Amendment No. 2 to Employment Agreement between Apollo Group, Inc. and Charles B. Edelstein, dated February 23, 2009*   10-Q   No. 000-25232     10.2     March 31, 2009    
 
                           
10.39
  Amendment No. 3 to Employment Agreement between Apollo Group, Inc. and Charles B. Edelstein, dated April 24, 2009*   8-K   No. 000-25232     10.2     April 27, 2009    
 
                           
10.40
  Employment Agreement between Apollo Group, Inc. and Rob Wrubel, dated August 7, 2007*   10-K   No. 000-25232     10.31     October 28, 2008    
 
                           
10.41
  Amendment to Employment Agreement between Apollo Group, Inc. and Rob Wrubel, dated October 31, 2008*   10-Q   No. 000-25232     10.5     January 8, 2009    
 
                           
10.42
  Stock Option Repricing Agreement between Apollo Group, Inc. and John G. Sperling, dated August 25, 2008*   10-K   No. 000-25232     10.32     October 28, 2008    
 
                           
10.43
  Stock Option Repricing Agreement between Apollo Group, Inc. and Peter   10-K   No. 000-25232     10.33     October 28, 2008    

 


Table of Contents

                             
        Incorporated by Reference    
Exhibit               Exhibit       Filed
Number   Exhibit Description   Form   File No.   Number   Filing Date   Herewith
 
                           
 
  V. Sperling, dated August 25, 2008*                        
 
                           
10.44
  Amended and Restated Capital Contribution Agreement among Apollo Group, Inc., Carlyle Ventures Partners III, L.P. and Apollo Global, Inc., dated July 28, 2009   10-K   No. 000-25232     10.46     October 27, 2009    
 
                           
10.45
  Amended and Restated Shareholders’ Agreement among Apollo Group, Inc., CVP III Coinvestment, L.P., Carlyle Ventures Partners III, L.P. and Apollo Global, Inc., dated July 28, 2009   10-K   No. 000-25232     10.47     October 27, 2009    
 
                           
10.46
  Registration Rights Agreement among Apollo Group, Inc., Carlyle Ventures Partners III, L.P. and Apollo Global, Inc., dated October 22, 2007   10-K   No. 000-25232     10.29     October 29, 2007    
 
                           
10.47
  Amendment No. 1 to Registration Rights Agreement among Apollo Group, Inc., Carlyle Ventures Partners III, L.P. and Apollo Global, Inc., dated July 28, 2009   10-K   No. 000-25232     10.49     October 27, 2009    
 
                           
10.48
  Agreement and Plan of Exchange among Apollo Global, Inc., Apollo Group, Inc., Carlyle Ventures Partners III, L.P. and CVP III Coinvestment, L.P., dated July 28, 2009   10-K   No. 000-25232     10.50     October 27, 2009    
 
                           
10.49
  Credit Agreement among Apollo Group, Inc., the Lenders from time to time party thereto, Bank of America, N.A. and BNP Paribas, as Co-Documentation Agents, Wells Fargo Bank, N.A., as Syndication Agent and JPMorgan Chase Bank, N.A., as Administrative Agent, dated January 4, 2008   10-Q   No. 000-25232     10.2     January 8, 2008    
 
                           
10.50
  Rule 62(b) Bond and Supersedeas Bond, dated February 15, 2008   10-Q   No. 000-25232     10.1     March 27, 2008    
 
                           
10.51
  Registered Pledge and Master Security Agreement by and between Travelers Casualty and Surety Company of America and Apollo Group, Inc., entered into by Apollo Group, Inc. on February 14, 2008   10-Q   No. 000-25232     10.2     March 27, 2008    
 
                           
10.52
  General Contract of Indemnity by Apollo Group, Inc. for the benefit of Travelers Casualty and Surety Company of America, entered into by Apollo Group, Inc. on February 14, 2008   10-Q   No. 000-25232     10.3     March 27, 2008    
 
                           
10.53
  Control Agreement by and among Apollo Group, Inc., Travelers Casualty and Surety Company of America, and Smith Barney Inc., entered into by Apollo Group, Inc. on   10-Q   No. 000-25232     10.4     March 27, 2008    

 


Table of Contents

                             
        Incorporated by Reference    
Exhibit               Exhibit       Filed
Number   Exhibit Description   Form   File No.   Number   Filing Date   Herewith
 
                           
 
  February 14, 2008                        
 
                           
10.54
  Implementation Agreement, dated June 7, 2009, by and among Apollo Global, Inc., Apollo UK Acquisition Company Limited and BPP Holdings plc.   8-K   No. 000-25232     2.1     June 8, 2009    
 
                           
10.55
  Rule 2.5 Announcement, dated June 8, 2009   8-K   No. 000-25232     2.2     June 8, 2009    
 
                           
10.56
  Irrevocable Letter of Credit, dated June 9, 2010   10-Q   No. 000-25232     10.3     June 30, 2010    
 
                           
21
  List of Subsidiaries   10-K   No. 000-25232     21     October 21, 2010    
 
                           
23.1
  Consent of Independent Registered Public Accounting Firm   10-K   No. 000-25232     23.1     October 21, 2010    
 
                           
31.1
  Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   10-K   No. 000-25232     31.1     October 21, 2010    
 
                           
31.2
  Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   10-K   No. 000-25232     31.2     October 21, 2010    
 
                           
31.3
  Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   10-K   No. 000-25232     31.3     October 21, 2010    
 
                           
32.1
  Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   10-K   No. 000-25232     32.1     October 21, 2010    
 
                           
32.2
  Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   10-K   No. 000-25232     32.2     October 21, 2010    
 
                           
32.3
  Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   10-K   No. 000-25232     32.3     October 21, 2010    
 
                           
101
  The following financial information from our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, filed with the SEC on October 21, 2010, formatted in Extensible Business Reporting Language (XBRL):                       X
 
  (i) the Consolidated Balance Sheets as of August 31, 2010 and August 31, 2009, (ii) the Consolidated Statements of Income for the years ended August 31, 2010, August 31, 2009 and August 31, 2008, (iii) the Consolidated Statements of Comprehensive Income for the years ended August 31, 2010, August 31, 2009 and August 31, 2008, (iv) the Consolidated Statements of Changes in Shareholders’ Equity for the years ended August 31, 2010, August 31, 2009 and August 31, 2008, (v) the Consolidated Statements of Cash Flows from Continuing and Discontinued Operations for the years ended August 31, 2010, August 31, 2009 and August 31, 2008, and (v) Notes to Consolidated Financial Statements. (1)                        
 
*   Indicates a management contract or compensation plan.
 
(1)   Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

 

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