On this page of StockholderLetter.com we present the latest annual shareholder letter from Adtalem Global Education Inc. — ticker symbol ATGE. Reading current and past ATGE letters to shareholders can bring important insights into the investment thesis.

About Us Who We Are Adtalem Global Education is the leading provider of healthcare education in the U.S., changing the face of healthcare by preparing a diverse workforce with high-quality academic programs. We innovate education pathways, align with industry needs and empower individuals to reach their full potential. Our commitment to excellence and inclusivity is reflected in our expansive network of institutions. Adtalem is the parent organization of American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University. STUDENT FOCUSED MISSION VISION PURPOSE We provide global access to knowledge that transforms lives and enables careers. To create a dynamic global community of lifelong learners who improve the world. We empower students to achieve their goals, find success, and make inspiring contributions to our global community. OVER 83,000 students WE ARE NEARLY 5 10,000 institutions employees WITH A NETWORK OF APPROXIMATELY WITH 350,000 alumni Helping to alleviate critical healthcare workforce shortages, particularly in underserved communities As of October 1, 2024 27 operating campuses
Message from our President and CEO, Steve Beard October 17, 2024 Fellow Shareholders, Fiscal year 2024 marked a highly successful year for Adtalem as we strengthened our position as the leader in healthcare education. Our commitment to operational excellence and strategic integration across our five institutions has optimized resource allocation, ensuring high returns on investment and enhancing our essential role in the U.S. healthcare system. In 2024, we extended our market reach and bolstered program participation, serving a diverse student body and reinforcing ties with healthcare providers. Focusing on long-term value creation, our purpose-driven organization balances inclusive access with strategic growth, evidenced by a 10% increase in total enrollment in the fourth quarter and surpassing our financial expectations. We made effective use of capital, including share repurchases, reinforcing our commitment to generating shareholder value. Our societal and healthcare impact continues to grow significantly. In 2024, Adtalem graduated over 30,000 students: approximately 90% in healthcare programs, half from diverse backgrounds. Our graduates contribute to resolving critical national challenges, improving community health outcomes and bridging educational gaps. Significant achievements include a 98% residency attainment rate for our medical graduates1 and expansion initiatives like announcing Chamberlain s 24th campus and online nursing program. Walden University graduated 12,000 students, advancing our mission with innovative scholarships. Our "Growth with Purpose" strategy is exceeding initial expectations, delivering unprecedented enrollment levels and sustaining high student retention. This strategic focus on marketing, enrollment, retention, pricing and program diversity creates operational leverage and sustains student-focused investments. Looking ahead, we will continue advancing our societal impact and healthcare contributions, driven by our 10,000 colleagues, 83,000 current students and 350,000 alumni. We remain committed to our mission. And we are grateful for your unwavering support. Sincerely, Steve Beard President and Chief Executive Officer 1 Combined, American University of the Caribbean School of Medicine (AUC) and Ross University School of Medicine (RUSM) students and graduates had a 98% first-time residency attainment rate for the 2024 match. Adtalem Global Education Inc. 2024 Proxy Statement 1
Notice of Annual Meeting of Shareholders DATE AND TIME PLACE RECORD DATE November 13, 2024 8:00 a.m. Central Standard Time The Annual Meeting will be held entirely online at: www.virtualshareholdermeeting.com/ATGE2024. September 30, 2024 Online check-in will be available beginning at 7:45 a.m. Central Standard Time. Please allow ample time for the online check-in process. ITEMS OF BUSINESS Board Voting Recommendation Proposal No. 1: Elect the ten nominees named in the accompanying Proxy Statement to serve as directors until the 2025 Annual Meeting of Shareholders Proposal No. 2: Ratify selection of PricewaterhouseCoopers LLP as independent registered public accounting firm Proposal No. 3: Say-on-pay: Advisory vote to approve the compensation of our named executive officers ( NEOs ) FOR each director nominee FOR FOR Shareholders will also consider such other business as may come properly before the Annual Meeting or any adjournment thereof. To participate in the 2024 Annual Meeting, you will need the 16-digit control number included on your proxy card or in the instructions that accompanied your proxy materials. This notice and Proxy Statement, voting instructions, and Adtalem Global Education Inc. s 2024 Annual Report to Shareholders are being first sent or given to shareholders on or about October 17, 2024. Douglas G. Beck Senior Vice President, General Counsel, Corporate Secretary and Institutional Support Services REVIEW YOUR PROXY STATEMENT AND VOTE IN ONE OF FOUR WAYS: VIA THE INTERNET BY TELEPHONE BY MAIL VIRTUALLY Visit the website listed on your proxy card Call the telephone number on your proxy card Sign, date, and return your proxy card in the enclosed envelope Attend the Annual Meeting online at www.virtualshareholdermeeting.com/ ATGE2024. Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on November 13, 2024. Our Proxy Statement and the Adtalem Global Education Inc. Annual Report for 2024 are available online at www.proxyvote.com or at our investor relations website, http://investors.adtalem.com. 2 2024 Proxy Statement Adtalem Global Education Inc.
Proxy Summary This summary highlights selected information about the items to be voted on at the Annual Meeting. It does not contain all of the information that you should consider in deciding how to vote. You should read the entire proxy statement carefully before voting. OUR NOMINEES FOR ELECTION TO THE BOARD OF DIRECTORS Diverse mix of backgrounds, current and former CEOs, a medical professional, a former finance executive at a leading global company, and corporate and academic leadership expertise. Age Director Since Stephen W. Beard President and CEO Adtalem Global Education Inc. 53 2021 William W. Burke, INDEPENDENT President and Founder, Austin Highlands Advisors, LLC 65 2017 Donna J. Hrinak, INDEPENDENT Retired Senior Vice President, Corporate Affairs, Royal Caribbean Group 73 2018 Georgette Kiser, INDEPENDENT Former Managing Director and CIO, The Carlyle Group 56 2018 Liam Krehbiel, INDEPENDENT Chief Executive Officer and Founder, Topography Hospitality, LLC 48 2022 Michael W. Malafronte, INDEPENDENT Chairman of the Board Adtalem Global Education Inc. Senior Advisor, Derby Copeland Capital 50 2016 Sharon L. O Keefe, INDEPENDENT Retired President, University of Chicago Medical Center 72 2020 1 Kenneth J. Phelan, INDEPENDENT Senior Advisor Oliver Wyman Inc. 65 2020 1 Betty Vandenbosch, INDEPENDENT Former Senior Advisor Coursera, Inc. 67 2024 Lisa W. Wardell Former Chairman of the Board Adtalem Global Education Inc. 55 2008 Name and Principal Occupation Academic Quality Committee Audit and Finance Committee Adtalem Global Education Inc. Compensation Committee External Relations Committee Other Public Company Boards Committee Memberships AQC AUD COM ER NG 2 2 1 Nominating & Governance Committee Audit Committee Financial Expert Committee Chair 2024 Proxy Statement 3
 • shareholder letter icon 10/17/2024 Letter Continued (Full PDF)
 • stockholder letter icon 10/6/2023 ATGE Stockholder Letter
 • stockholder letter icon More "Education & Training Services" Category Stockholder Letters
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ATGE Shareholder/Stockholder Letter Transcript:


About Us
Who We Are
Adtalem Global Education is the leading provider of healthcare education in the U.S.,
changing the face of healthcare by preparing a diverse workforce with high-quality
academic programs. We innovate education pathways, align with industry needs and
empower individuals to reach their full potential. Our commitment to excellence and
inclusivity is reflected in our expansive network of institutions. Adtalem is the parent
organization of American University of the Caribbean School of Medicine, Chamberlain
University, Ross University School of Medicine, Ross University School of Veterinary
Medicine, and Walden University.
STUDENT FOCUSED
MISSION
VISION
PURPOSE
We provide global
access to knowledge
that transforms lives and
enables careers.
To create a dynamic global
community of lifelong learners
who improve the world.
We empower students to
achieve their goals, find success,
and make inspiring contributions
to our global community.
OVER
83,000
students
WE ARE
NEARLY
5
10,000
institutions
employees
WITH A NETWORK OF
APPROXIMATELY
WITH
350,000 alumni
Helping to alleviate critical healthcare
workforce shortages, particularly in
underserved communities
As of October 1, 2024
27
operating campuses

Message from our President and CEO, Steve
Beard
October 17, 2024
Fellow Shareholders,
Fiscal year 2024 marked a highly successful year for Adtalem as we strengthened our position as the leader in
healthcare education. Our commitment to operational excellence and strategic integration across our five institutions
has optimized resource allocation, ensuring high returns on investment and enhancing our essential role in the U.S.
healthcare system.
In 2024, we extended our market reach and bolstered program participation, serving a diverse student body and
reinforcing ties with healthcare providers. Focusing on long-term value creation, our purpose-driven organization
balances inclusive access with strategic growth, evidenced by a 10% increase in total enrollment in the fourth quarter
and surpassing our financial expectations. We made effective use of capital, including share repurchases, reinforcing
our commitment to generating shareholder value.
Our societal and healthcare impact continues to grow significantly. In 2024, Adtalem graduated over 30,000 students:
approximately 90% in healthcare programs, half from diverse backgrounds. Our graduates contribute to resolving
critical national challenges, improving community health outcomes and bridging educational gaps.
Significant achievements include a 98% residency attainment rate for our medical graduates1 and expansion initiatives
like announcing Chamberlain   s 24th campus and online nursing program. Walden University graduated 12,000
students, advancing our mission with innovative scholarships.
Our "Growth with Purpose" strategy is exceeding initial expectations, delivering unprecedented enrollment levels and
sustaining high student retention. This strategic focus on marketing, enrollment, retention, pricing and program
diversity creates operational leverage and sustains student-focused investments.
Looking ahead, we will continue advancing our societal impact and healthcare contributions, driven by our 10,000
colleagues, 83,000 current students and 350,000 alumni. We remain committed to our mission. And we are grateful for
your unwavering support.
Sincerely,
Steve Beard
President and Chief Executive Officer
1 Combined, American University of the Caribbean School of Medicine (AUC) and Ross University School of Medicine (RUSM) students and
graduates had a 98% first-time residency attainment rate for the 2024 match.
Adtalem Global Education Inc.
2024 Proxy Statement
1

Notice of Annual Meeting of Shareholders
DATE AND TIME
PLACE
RECORD DATE
November 13, 2024
8:00 a.m. Central Standard Time
The Annual Meeting will be held entirely online
at:
www.virtualshareholdermeeting.com/ATGE2024.
September 30, 2024
Online check-in will be available
beginning at 7:45 a.m. Central
Standard Time. Please allow ample
time for the online check-in process.
ITEMS OF BUSINESS
Board Voting
Recommendation
Proposal No. 1: Elect the ten nominees named in the accompanying Proxy Statement to serve as
directors until the 2025 Annual Meeting of Shareholders
Proposal No. 2: Ratify selection of PricewaterhouseCoopers LLP as independent registered public
accounting firm
Proposal No. 3: Say-on-pay: Advisory vote to approve the compensation of our named executive
officers (   NEOs   )
FOR each director
nominee
FOR
FOR
Shareholders will also consider such other business as may come properly before the Annual Meeting or any adjournment
thereof.
To participate in the 2024 Annual Meeting, you will need the 16-digit control number included on your proxy card or in
the instructions that accompanied your proxy materials.
This notice and Proxy Statement, voting instructions, and Adtalem Global Education Inc.   s 2024 Annual Report to Shareholders
are being first sent or given to shareholders on or about October 17, 2024.
Douglas G. Beck
Senior Vice President, General Counsel, Corporate Secretary and Institutional Support Services
REVIEW YOUR PROXY STATEMENT AND VOTE IN ONE OF FOUR WAYS:
VIA THE INTERNET
BY TELEPHONE
BY MAIL
VIRTUALLY
Visit the website listed on
your proxy card
Call the telephone number
on your proxy card
Sign, date, and return your
proxy card in the enclosed
envelope
Attend the Annual Meeting online at
www.virtualshareholdermeeting.com/
ATGE2024.
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on
November 13, 2024. Our Proxy Statement and the Adtalem Global Education Inc. Annual Report for 2024 are available
online at www.proxyvote.com or at our investor relations website, http://investors.adtalem.com.
2
2024 Proxy Statement
Adtalem Global Education Inc.

Proxy Summary
This summary highlights selected information about the items to be voted on at the Annual Meeting. It does
not contain all of the information that you should consider in deciding how to vote. You should read the entire
proxy statement carefully before voting.
OUR NOMINEES FOR ELECTION TO THE BOARD OF DIRECTORS
Diverse mix of backgrounds, current and former CEOs, a medical professional, a former finance executive at a leading global
company, and corporate and academic leadership expertise.
Age
Director
Since
Stephen W. Beard
President and CEO
Adtalem Global Education Inc.
53
2021
William W. Burke, INDEPENDENT
President and Founder,
Austin Highlands Advisors, LLC
65
2017
Donna J. Hrinak, INDEPENDENT
Retired Senior Vice President,
Corporate Affairs,
Royal Caribbean Group
73
2018
Georgette Kiser, INDEPENDENT
Former Managing Director and CIO,
The Carlyle Group
56
2018
Liam Krehbiel, INDEPENDENT
Chief Executive Officer and Founder,
Topography Hospitality, LLC
48
2022
Michael W. Malafronte, INDEPENDENT
Chairman of the Board
Adtalem Global Education Inc.
Senior Advisor,
Derby Copeland Capital
50
2016
Sharon L. O   Keefe, INDEPENDENT
Retired President,
University of Chicago Medical Center
72
2020
1
Kenneth J. Phelan, INDEPENDENT
Senior Advisor
Oliver Wyman Inc.
65
2020
1
Betty Vandenbosch, INDEPENDENT
Former Senior Advisor
Coursera, Inc.
67
2024
Lisa W. Wardell
Former Chairman of the Board
Adtalem Global Education Inc.
55
2008
Name and Principal Occupation
Academic Quality
Committee
Audit and Finance
Committee
Adtalem Global Education Inc.
Compensation
Committee
External Relations
Committee
Other Public
Company Boards
Committee Memberships
AQC
AUD
COM
ER
NG
2
2
1
Nominating &
Governance Committee
Audit Committee
Financial Expert
Committee
Chair
2024 Proxy Statement
3



shareholder letter icon 10/17/2024 Letter Continued (Full PDF)
 

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