Phoenix Education Partners: chief financial officer to separate; interim CFO named

What happened

• The filing says that on Oct 9, 2026 the Company and Blair Westblom, chief financial officer and treasurer, agreed that Ms. Westblom will separate from the Company, effective Oct 10, 2026, to focus on personal endeavors and her next professional chapter.
• The filing says that on Oct 9, 2026 the Board appointed Michael Cochran, age 39, as interim chief financial officer, effective Oct 10, 2026. The filing says Mr. Cochran has served as the Company’s senior vice president of corporate development since Apr 2026 and previously worked in Morgan Stanley’s Media & Communications investment banking group and at Barclays, Bank of Tokyo-Mitsubishi and Union Bank. The filing says Mr. Cochran holds an M.B.A. from Columbia Business School and a B.S. from the University of Southern California.

Key details

• The filing says Ms. Westblom will receive aggregate cash severance payments of $1,137,204.
• The filing says she will receive her fiscal 2026 cash bonus based on the percentage authorized by the Company’s Compensation Committee for fiscal 2026.
• The filing says outstanding equity awards will vest accelerated (performance stock units remain subject to applicable performance conditions) and her stock options will have an 18-month post-separation exercise period.
• The filing says no compensation decisions have been made in connection with Mr. Cochran’s appointment and that the Separation Agreement will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ending Aug 31, 2026.

Why it may matter

• This report was filed under Item 5.02, which covers the departure of certain officers and the appointment of directors or officers.
• The filing does not show why the insider traded or why the company acted.