SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14 INFORMATION Proxy Statement Pursuant To Section 14(A) Of The Securities Exchange Act of 1934 Filed by the registrant |_| Filed by party other than the registrant |X| Check the appropriate box: |_| Preliminary Proxy Statement |_| Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |_| Definitive Proxy Statement |X| Definitive Additional Materials |_| Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 CAREER EDUCATION CORPORATION. -------------------------------------------------------------------------------- (Name of Registrant as Specified in Its Charter) BOSTIC R STEVEN -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): |X| No fee required |_| Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies: -------------------------------------------------------------------------------- (2) Aggregate number of securities to which transactions applies: -------------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: -------------------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: -------------------------------------------------------------------------------- (5) Total fee paid -------------------------------------------------------------------------------- |_| Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: -------------------------------------------------------------------------------- (2) Form, Schedule or Registration Statement no.: -------------------------------------------------------------------------------- (3) Filing Party: -------------------------------------------------------------------------------- (4) Date Filed: -------------------------------------------------------------------------------- Steve Bostic issued the following press release on May 9, 2006: FOR IMMEDIATE RELEASE Career Education Corporation Fails Yet Another Regulatory Audit SEA ISLAND, GA, May 9, 2006 -- Steve Bostic, the beneficial owner of approximately 1% of the outstanding stock of Career Education Corporation (NASDAQ: CECO), today made the following statement: "In their 2005 Annual Report to stockholders, Jack Larson's management team stated that "Career Education Corporation is a global leader in the field of for-profit postsecondary education." Not so, says the United Kingdom's Quality Assurance Agency. As recently reported in The London Times Higher Education Supplement, ("American Intercontinental First To Fail New Qaa Audit", The London Times Higher Education Supplement (U.K.), April 30, 2006) American InterContinental University, London is the first university to fail a routine inspection by the QAA since the agency was set up in 1997." The QAA found "alarmingly low" standards of student achievement and "misleading" marketing claims at AIU London and went on to state, "At present, no confidence can be placed in the soundness of AIU London's management of the quality of its programmes." Mr. Bostic added, "Career Education's management continues to conceal a systemic breakdown of integrity and accountability behind a veneer of upbeat rhetoric. AIU's failure of the QAA audit is simply the most recent symptom of the virus that is infecting CEC, a virus that goes all the way to the top. It is time for some good old-fashioned oversight by a board of directors, and this company isn't going to do that on its own. In its recent report, Institutional Stockholder Services (ISS) recommended that stockholders vote in favor of my fellow nominees and I at CEC's upcoming annual meeting and indicated that additional oversight was exactly what we would bring to the board." ### Media Inquiries: Peter Duda Weber Shandwick 212-445-8213 pduda@webershandwick.com J.J. Rissi Weber Shandwick 917-587-7090 jjrissi@webershandwick.com