HERNDON, Va.--(BUSINESS WIRE)--Nov. 19, 2012--
K12 Inc. (NYSE: LRN). K12 today released the following statement
regarding its ongoing action plan in support of Colorado Virtual Academy
(COVA):
K12 has been working closely for some time with Colorado Virtual Academy
(COVA)’s independent non-profit governing board to address performance
issues arising from the school’s changing demographics and the influx of
academically at-risk students who have transferred to COVA.
While growth in at-risk populations is a phenomenon increasingly
affecting public schools across the country, the growth in this cohort
in COVA appears disproportionate to other schools we manage. This influx
has required extensive changes to an intervention model there, an
adjustment which has proved difficult for some teachers in the short
term and also contributed to a reduction in parent satisfaction to a
level below the near-90% range characteristic of other K12-managed
schools.
The academic success of all the children in the schools that we manage
remains our number one priority, and working with our governing charter
and district board partners, we have extensive investment underway in
enhanced remedial instruction, programs and teaching practices across
K12-managed schools. K12 takes accountability seriously, and COVA’s
recent decline in academic performance, as indicated by Colorado’s new
growth model, is a concern to the company and resulted in the
development and implementation of a concerted action plan in the Fall of
2012.
A special operations team has been put in place at COVA, and significant
improvements in teaching and other practices are being made to ensure
the school’s efforts are fully consistent with intervention practices at
other K12-managed virtual academies serving at-risk youth. The special
operations team is carefully analyzing the academic growth model data at
COVA in order to put additional plans and programs in place to help the
school make further adjustments to serve this changing population,
improve academic performance and increase accountability.
It is worth noting that the continued demand for COVA’s offerings by the
parents of academically at-risk children is a clear recognition of
COVA’s and K12’s leadership in addressing the difficult challenges of
this vulnerable student population.
The COVA Board and K12 are in active discussions with multiple charter
authorizers. We remain confident that COVA will remain a long-term
public school option in Colorado. We are also in close contact with the
Board and parents and encourage an open, transparent, constructive
discussion going forward as we work together to implement a
transformative model of individualized education that meets the needs of
every student.
About K12 Inc.
K12 Inc. (NYSE: LRN), a technology-based education company, is the
nation's largest provider of proprietary curriculum and online education
programs for students in kindergarten through high school. Using 21st
century tools to prepare 21st century students, K12 provides a new
choice for students to learn in a flexible and innovative way, at an
individualized pace. K12 provides curriculums and academic services to
public and private online schools and districts, traditional classrooms,
blended school programs, and directly to families. K12 is accredited
through AdvancED, the world's largest education community. Additional
information on K12 can be found at www.K12.com.
Source: K12 Inc.
K12 Inc.
Investor Contact:
Christi Parker, 703-483-7077
VP,
Investor Relations
chparker@k12.com
or
Press
Contact:
Jeff Kwitowski, 703-483-7281
SVP, Public Affairs
jkwitowski@k12.com