Form 8-K
8-K — Phoenix Education Partners, Inc.
Accession: 0000950142-26-002721
Filed: 2026-10-09
Period: 2026-10-09
CIK: 0001600222
SIC: 8200 (SERVICES-EDUCATIONAL SERVICES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
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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):
October 9, 2026
Phoenix Education Partners, Inc.
(Exact name of Registrant as specified in its charter)
Delaware
001-42899
38-3922540
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
4035 S. Riverpoint Parkway
Phoenix, AZ
85040
(Address of principal executive offices)
(Zip Code)
(800) 990-2765
(Registrant’s telephone number, including area
code)
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:
☐
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, par value $0.01 per share
PXED
New York Stock Exchange
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October
9, 2026, following the completion of Phoenix Education Partners, Inc.’s (the “Company”) first full year as a public
company after its successful IPO, the Company and Blair Westblom, Chief Financial Officer and Treasurer of the Company, agreed that Ms.
Westblom will separate from the Company, effective as of October 10, 2026, to focus on personal endeavors and her next professional chapter.
The Company thanks Ms. Westblom for her years of service to the Company. Ms. Westblom’s departure was not the result of any disagreement
with the Company on any matter relating to the Company’s financial reporting, internal controls, operations, policies or practices.
On October 9,
2026, the Company’s Board of Directors (the “Board”) appointed Michael Cochran, age 39, as interim Chief Financial Officer,
effective as of October 10, 2026. Mr. Cochran has served as the Company’s Senior Vice President of Corporate Development since April
2026. Prior to this role, Mr. Cochran spent nearly five years in Morgan Stanley's Media & Communications Investment Banking group,
where he served as Executive Director from 2023 to 2026 and Vice President from 2021 to 2023. Before this, he held roles at Barclays,
Bank of Tokyo-Mitsubishi and Union Bank. Mr. Cochran has an M.B.A. from Columbia Business School and a B.S. from University of Southern
California. No compensation decisions have been made in connection with Mr. Cochran’s appointment as interim Chief Financial Officer.
Once available, any material changes to compensation that are required to be disclosed will be reported in a Current Report on Form 8-K.
On October
9, 2026, the Company entered into a separation and release agreement (the “Separation Agreement”) with Ms. Westblom.
Pursuant to the Separation Agreement, Ms. Westblom will receive (i) aggregate cash severance payments of $1,137,204, (ii) her fiscal
2026 cash bonus, based on the percentage authorized by the Company’s Compensation Committee for fiscal 2026, and (iii)
accelerated vesting of outstanding equity awards (with her performance stock units remaining subject to the applicable performance
conditions) and an 18-month post-separation exercise period for her stock options. The Company expects to file the Separation
Agreement as an exhibit to its Annual Report on Form 10-K for the fiscal year ending August 31, 2026.
2
SIGNATURES
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.
PHOENIX EDUCATION PARTNERS, INC.
Date: October 9, 2026
By:
/s/ Srini Medi
Name:
Srini Medi
Title:
Chief Legal Officer and Secretary
3
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