1 Tower Lane, Oakbrook Terrace 60181; 630-571-7700
Web site: www.devry.com
Founded: 1931
Number of Employees: 2,850; 650 in Illinois
Year-end: Dec. 31
Foreign sales: 6 percent of $353.5 million
Chief executive: Dennis J. Keller, 57, since 1987
Cash compensation: $1,047,951, up 6 percent
Options granted: $467,350, up 24 percent.
Options, stock appreciation rights exercised: None
Shares owned: 9,571,276 of 69.3 million
Largest shareholder: Dennis J. Keller, 13.8 percent
Stock: 365-day close as of April 15
High: $31.87
Low: $16.06
April 15: $27.50
April 15, 1999, value of $1,000 in company stock:
Purchased 1998: $1,416
Purchased 1994: $7,196
DeVry Inc. owns and operates DeVry Institute, Keller Graduate School of Management and Becker CPA Review.
Its growth last year included the opening of three new DeVry campuses, and Keller Graduate School opened six new sites, including an on-line distance learning center.
In June, DeVry announced its third stock split in three years. The company plans to offer more programs and expand geographically; it recently announced that a third Chicago-area school and a third Los Angeles-area institute would be added within the next 1 1/2 years.
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A guide to the Top 100 profiles
The Tribune’s business staff profiles the Chicago area’s Top 100 public companies, based on market capitalization as of April 15. Here’s a primer on the information you’ll find:
– The CEO’s cash compensation, including bonus and other compensation paid in 1998, along with the change from the prior year.
– The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
– The company’s largest shareholder.
– Estimated current values of stock options granted the CEO, and the change from the prior year, as well as options and stock appreciation rights exercised during the year. In most cases, the value of options granted is based on an assumption of a 5 percent annual rate of stock price growth, or is determined using the Black-Scholes option pricing model.
– Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago. The date on which these calculations are based is April 15. The results assume reinvestment of dividends on a quarterly basis.
– The information in the profiles was obtained from the following sources:
Company reports, including annual reports, public stock offering prospectuses and proxy statements.
Interviews with company officials.
Reports by securities analysts.
News reports.
Bridge News.
