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- Departure of CFO (new) — The CFO is leaving the company, which is a material leadership change.
Phoenix Education Partners CFO Blair Westblom to depart Oct 10; Michael Cochran named interim CFO
Filed October 9, 2026 · Period ending October 9, 2026 · ~1 min read
Key Changes
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CFO Blair Westblom will separate from the company effective October 10, 2026, to focus on personal endeavors and her next professional chapter.
Item 5.02 verify on EDGAR → -
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Michael Cochran, age 39, currently SVP of Corporate Development, has been appointed interim CFO effective October 10, 2026.
Item 5.02 verify on EDGAR → -
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Westblom will receive $1,137,204 in cash severance, her fiscal 2026 cash bonus, and accelerated vesting of outstanding equity awards.
Item 5.02 verify on EDGAR →
Summary
Phoenix Education Partners announced that CFO Blair Westblom will depart effective October 10, 2026. The company stated the separation was not due to any disagreement on financial reporting, internal controls, operations, policies, or practices. Michael Cochran, currently SVP of Corporate Development, will serve as interim CFO while the company searches for a permanent replacement.
The departure of a CFO is a material leadership change that warrants investor attention. The company has not yet disclosed compensation terms for the interim role, and the separation agreement will be filed as an exhibit to the upcoming Form 10-K. Westblom will receive $1,137,204 in cash severance, her fiscal 2026 bonus, and accelerated equity vesting.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
CFO Blair Westblom departs Oct 10; Michael Cochran named interim CFO; severance of $1,137,204 disclosed.
Added in current filing · verify on EDGAR →
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's CFO is departing effective October 10, 2026. The filing states the departure was not due to any disagreement on financial reporting, internal controls, operations, policies or practices.
Added in current filing · verify on EDGAR →
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
The departing CFO will receive $1,137,204 in cash severance, her fiscal 2026 bonus, and accelerated equity vesting. The separation agreement will be filed as an exhibit to the upcoming Form 10-K.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 13, 2026 · How we verify