Item 1.01 Entry into a Material Definitive Agreement.

On September 7, 2007, the Board of Directors approved a form of indemnification agreement and authorized K12 Inc. (the "Company") to enter indemnification agreements with each of its directors and executive officers. Under the indemnification agreements, the Company agrees to indemnify each director and executive officer for any liability he or she may incur by reason of the fact that he or she serves as the Company's director or executive officer, to the maximum extent permitted by law. All of the Company's directors and executive officers have executed this form of indemnification agreement.

This form of indemnification agreement is being furnished as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The description of the indemnification agreement is qualified in its entirety by reference to such document.

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