Event Details

January 01, 1998

Description

NHTSA issued interpretive letters stating automobile dealers may no longer sell 12 to 15-passenger vans intended for transporting children to/from school.

Participants (2)

Name Type Mentions
KLC OpCo person 0 View Entity
TSA organization 133 View Entity

Source Documents (1)

HOUSE_OVERSIGHT_024524.jpg

Corporate Disclosure / Legal Report (likely part of a 10-K, Annual Report, or Offering Memorandum) • 2.62 MB
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This document appears to be page 91 of a corporate disclosure report for an entity named 'KLC OpCo' (likely Knowledge Learning Corporation/KinderCare), stamped with 'HOUSE_OVERSIGHT_024524'. The text details regulatory compliance regarding the transportation of children (referencing 1998 NHTSA rulings), insurance coverage structures, and legal issues. Notably, under 'Legal Issues,' the company acknowledges it is subject to litigation involving allegations of physical or sexual abuse of children, though it claims such litigation has historically not exceeded insurance coverage.

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KLC separated its education operations from its real estate assets.

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KLC separated its education operations (KLC OpCo) from its real estate assets (KLC PropCo).

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Separation of business into operating (KLC OpCo) and property (KLC PropCo).

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Separation of KLC into KLC OpCo and KLC PropCo

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Real Estate Transaction

Date unknown • Nationwide

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Real Estate Transaction: KLC divided business into PropCo and OpCo

2005-11-01 • N/A

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KLC refinanced indebtedness, divided KUE into KLC OpCo and KLC PropCo, and entered into a Master Lease.

2005-11-01 • N/A

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Signing of lease agreement between KLC PropCo and KLC OpCo.

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Real Estate Transaction: Transfer of real estate from KLC OpCo to KLC PropCo.

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Event Metadata

Type
Unknown
Location
USA (Federal)
Significance Score
5/10
Participants
2
Source Documents
1
Extracted
2025-11-19 22:33

Additional Data

Source
HOUSE_OVERSIGHT_024524.jpg
Date String
1998

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