Strategic Education, Inc.

a day, ladies and gentlemen, and thank you for standing by. Welcome to Strategic Education's fourth quarter 2020 results conference call. I will now turn the call over to Therese Wilkie, Manager of Investor Relations for Strategic Education. Ms. Wilkie, please go ahead.

Thank you. Good morning, everyone, and welcome to Strategic Education's conference call in which we will discuss fourth quarter 2020 results. With us today are Robert Silberman, Executive Chairman of Carl McDonald, President and Chief Executive Officer, and Daniel Jackson, Executive Vice President and Chief Financial Officer. Following today's remarks, we will open the call for questions. Please note that this call may include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements are based on current expectations and are subject to a number of assumptions, uncertainties, and risks that Strategic Education has identified in today's press release that could cause actual results to differ materially. Further information about these and other relevant uncertainties may be found in Strategic Education's annual report on Form 10-K to be filed, the most recent 10-Q, and other filings with the Securities and Exchange Commission, as well as Strategic Education's future 8-Ks, 10-Qs, and 10-Ks. Copies of these filings and the full press release are available for viewing on the website at strategiceducation.com. And now I'd like to turn the call over to Rob. Rob, please go ahead.

Thank you, Therese. And good morning, ladies and gentlemen. After a fairly eventful year, we have quite a lot of material to cover this morning. Carl will go over our operating and academic performance for 2020 and our plans for 2021. Dan will cover our detailed financial results. And finally, I will have some brief remarks on our capital allocation. And of course, we will stay for as long as you have questions.