Tutoring Giant Regroups as Stock Price Sags

Shake-up comes as company steps back from NCLB market.

Educate Inc., a national tutoring provider, has reorganized key aspects of its management after suffering significant losses in the last quarter of 2005, company officials announced.

The fourth-quarter results decreased its stock price. On Feb. 22, shares were trading at $8.61, down about 50 percent from the preceding 52-week high of $17.11 a share. The Baltimore-based company, the parent of Sylvan Learning Centers, disclosed its financial news in a Feb. 16 conference call with industry analysts.

Educate announced in October that it planned to sell its Education Station division, which contracts with school districts to provide free tutoring to students under the federal No Child Left Behind Act. ( "Educate Inc. Puts Division Up for Sale," ...