Phoenix Education Partners, Inc. — Form 10-K
Filed November 3, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 42/100
What the filing says
Blair Westblom, Chief Financial Officer, separated from Phoenix Education Partners effective October 10, 2026. Under the Senior Executive Severance Pay Plan (Grade 20), she received: $653,846 severance (1 year + 16 weeks base salary), $450,000 target bonus, $33,358 COBRA/cash payment, 12 months outplacement services, accelerated RSU vesting, and 18-month post-termination option exercise period. Michael Cochran appointed interim CFO. Separation governed by release agreement with standard restrictive covenants.
Why this rating
Senior executive departure typical for education sector; material severance (~$1.1M = 0.18% of $608.6M assets) but non-transformational; interim CFO in place; no change-of-control triggered.
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