UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

DATE OF REPORT (Date of earliest event reported): September 814, 2016

ITT EDUCATIONAL SERVICES, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-13144	36-2061311
(State or other	(Commission	(IRS Employer
jurisdiction of	File Number)	Identification No.)
incorporation)

13000 North Meridian Street

Carmel, Indiana 46032-1404

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (317) 706-9200

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 21.0403 ~~Triggering~~Bankruptcy ~~Events that Accelerate~~ or ~~Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement~~Receivership.

On September 816, 2016, ITT Educational Services, Inc. (the “Company”) ~~received~~and aits ~~letter~~subsidiaries ESI Service Corp. and Daniel Webster College, Inc. (the “~~Letter~~Subsidiaries”) ~~from~~ceased operations and commenced bankruptcy proceedings (the ~~Company’s~~“Chapter ~~senior~~7 ~~secured~~Cases”) ~~lender~~by ~~referencing~~filing ~~that~~voluntary ~~certain~~petitions ~~Financing~~for ~~Agreement,~~relief ~~dated~~under asthe provisions of ~~December~~Chapter 4,7 ~~2014~~of ~~(as~~Title ~~amended,~~11 of the ~~“Financing~~United ~~Agreement”)~~States Code, by11 ~~and~~U.S.C. ~~among~~sections ~~the~~101 ~~Company,~~et seq. (the ~~subsidiary~~“Code”) ~~guarantors~~in ~~party~~the ~~thereto,~~United ~~the~~States ~~collateral~~Bankruptcy ~~agent~~Court ~~and~~for ~~administrative~~the ~~agent,~~Southern ~~and~~District ~~the~~of ~~lenders~~Indiana, ~~party~~Indianapolis ~~thereto~~Division. The ~~Letter~~Chapter ~~stated~~7 ~~that~~Cases asare ofpending under the ~~date~~captions ~~thereof,~~In anre ~~Event~~ITT ofEducational ~~Default~~Services, ~~(as~~Inc., In ~~defined~~re inESI ~~the~~Service ~~Financing~~Corp., and ~~Agreement”)~~In ~~has~~re ~~occurred~~Daniel ~~and~~Webster isCollege, ~~continuing~~Inc. As ~~under~~a ~~Section~~result ~~9.01(s)~~of the filing of the ~~Financing~~Chapter ~~Agreement~~7 asCases, a ~~result~~Chapter of7 ~~the~~trustee ~~Department~~will ofbe ~~Education’s~~appointed (the “EDChapter 7 Trustee”) ~~requirement~~, aswho ~~set~~will ~~forth~~assume incontrol ~~its~~of ~~August~~the ~~25,~~Company ~~2016~~and ~~letter~~the toSubsidiaries. The assets of the Company, toand ~~increase~~ the ~~size~~Subsidiaries ofwill ~~the~~be ~~Company’s~~liquidated ~~surety~~and toclaims ~~the~~administered EDin byaccordance ~~approximately~~with ~~$152.9~~the ~~million~~Code.

~~The~~Recent ~~Letter further stated that~~events, aspreviously adisclosed ~~result~~by of the ~~occurrence~~Company, ~~and~~impaired ~~continuation of~~ the ~~Event~~ability of ~~Default, effective immediately,~~ the Company’s ~~senior~~to ~~secured~~implement ~~lender~~alternatives ~~(a)~~for ~~accelerates~~ the ~~Term Loan (as defined in the Financing Agreement) and requires that the Company immediately repay the entire outstanding amount of the Term Loan of approximately $34.5 million~~refinance, ~~together~~restructure with all fees, costs and expenses and all other obligations payable under the Financing Agreement and the other related documents and (b) declares that all such amounts are immediately due and payable without presentment, demand, protest or ~~further~~self-directed ~~notice~~orderly ofliquidation ~~any kind. In addition, until the amounts are paid in full, all loans and all fees, indemnities and other obligations~~ of the Company ~~under the Financing Agreement shall bear interest at the Post-Default Rate (as defined in the Financing Agreement)~~.

OnItem ~~September~~5.02 8,Departure ~~2016,~~of ~~the~~Directors ~~Company’s~~or ~~senior~~Certain ~~secured~~Officers; ~~lender,~~Election inof ~~accordance~~Directors; ~~with~~Appointment ~~its rights under certain Deposit Account Control Agreements and Blocked Account Control Agreements executed as part~~ of ~~the~~Certain ~~Financing~~Officers; ~~Agreement,~~Compensatory ~~provided~~Arrangements ~~notice to the Company’s financial institutions that the lender was exercising its control over the Company’s bank accounts and instructed the financial institutions to transfer all~~ of ~~the~~Certain ~~Company’s cash balances to accounts controlled by the lender~~Officers.

~~The~~Each ~~cumulative~~of ~~effects~~the directors of the ~~events~~Company, ~~over~~C. ~~the~~David ~~last~~Brown, ~~several~~Jerry ~~weeks~~M. ~~have~~Cohen, ~~led~~John E. Dean, Joanna T. Lau, Thomas I. Morgan, Samuel L. Odle and Vin Weber, resigned as a member of the Company’s toBoard ~~plan~~of toDirectors ~~cease~~effective ~~all~~upon the filing of the Chapter 7 Cases. The resignations are not the result of any disagreement with the Company regarding the Company’s operations, aspolicies or practices, but are because of ~~September~~the 16filing of the Chapter 7 Cases. The Chapter 7 Trustee will assume control over the assets of the Company, ~~2016~~effectively eliminating the authority and powers of the Board of Directors of the Company.

~~Item~~The 8following officers of the Company ceased to be officers and employees of the Company, effective September 14, 2016: Kevin M.~~01 Other~~ ~~Events~~Modany, Chief Executive Officer; John E. Dean, Executive Chairman; Rocco F. Tarasi III, Executive Vice President and Chief Financial Officer; and Eugene W. Feichtner, President and Chief Operating Officer. The appointment of the Chapter 7 Trustee will effectively eliminate the authority and powers of the officers of the Company to act on behalf of the Company.

On September 12, 2016, the Company and Southern New Hampshire University (“SNHU”) entered into a Teach-Out and Program Articulation Agreement (the “DWC Agreement”) to help Daniel Webster College students continue their degree programs. As part of the agreement, SNHU will provide the faculty, facilities and student support necessary to deliver all Daniel Webster College academic programs through the 2016-2017 academic year. The DWC Agreement has been approved by the New England Association of Schools and Colleges and the New Hampshire Commission of Higher Education, and will be reviewed by the U.S. Department of Education.

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Except for the historical information contained herein, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are made based on the current expectations and beliefs of the company’s management concerning future developments and their potential effect on the company. The company cannot assure you that future developments affecting the company will be those anticipated by its management. These forward-looking statements involve a number of risks and uncertainties, including those discussed from time to time in the company’s filings with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 1416, 2016

ITT Educational Services, Inc. By: /s/ ~~Rocco~~Phillip FB. ~~Tarasi,~~Frank ~~III~~ Name: ~~Rocco~~Phillip FB. ~~Tarasi,~~Frank ~~III~~ Title: ~~Executive~~Senior Vice President, ~~Chief~~General ~~Financial~~Counsel ~~Officer~~and Secretary

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