Phoenix Education adds Robert Brackenbury to board

Phoenix Education Partners, Inc. appointed Robert Brackenbury to its Board of Directors as a Class I director effective July 9, 2026.

Rhea-AI Filing Summary

Phoenix Education Partners, Inc. appointed Robert Brackenbury to its Board of Directors as a Class I director effective July 9, 2026. He will serve on the Board’s audit committee. Brackenbury previously served at the State of Michigan Retirement System from 2010 to 2026, most recently as Deputy Chief Investment Officer overseeing investment management of more than $170 billion in combined pension and other state trust fund assets.

His background includes roles as a State Tax Tribunal judge, Assistant Attorney General, senior administrative positions at Eastern Michigan University, and service as a U.S. Army officer. He currently serves on the board of Athene Holding Ltd. He has entered into a standard indemnification agreement with the company and will be eligible for director compensation as described in the company’s 2025 proxy statement. The company states there are no related-party transactions involving Brackenbury requiring disclosure under Item 404(a) of Regulation S‑K.

Filing Explained

The July 9, 2026 filing adds Robert Brackenbury to the board and audit committee, with director compensation eligibility but no stated payment amount.

Form 8-K reports specified material events, and this filing reports a completed board appointment on 2026-07-09.

Phoenix Education Partners appointed Robert Brackenbury as a Class I director, with service on the Board’s audit committee.

For existing common holders, the disclosed change is governance—an added director and audit-committee member—not a disclosed change to the company’s share count; Mr. Brackenbury is eligible for director compensation, but the filing states no payment amount.

The filing also says Mr. Brackenbury entered a standard indemnification agreement and identifies no arrangements or understandings governing his selection.

The relevant follow-up is the 2025 proxy statement’s “Director Compensation” section, which the filing identifies as the fuller description of his compensation eligibility.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Assets Overseen: $170 billion

1 metrics

Assets Overseen $170 billion Combined pension and other state trust fund assets managed at State of Michigan Retirement System

Key Terms

Class I director, audit committee, indemnification agreement, Proxy Statement, +1 more

5 terms

Class I director regulatory

"appointed to the Board of Directors as a Class I director"

A class I director is a member of a company’s board who belongs to one of several groups whose terms expire in a specified year under a staggered election system; each class is elected on a different cycle so only a portion of the board faces re-election each year. This matters to investors because it affects how quickly control of the board can change, the company’s continuity and oversight, and the ease of mounting or defending against takeover efforts—think of a team where only some players are replaced each season rather than the whole roster at once.

audit committee regulatory

"Mr. Brackenbury will serve on the audit committee of the Board"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

indemnification agreement regulatory

"Mr. Brackenbury has entered into a standard indemnification agreement with the Company"

An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.

Proxy Statement regulatory

"as more fully described under the caption “Director Compensation” on pages 27 and 28 of the Company’s Proxy Statement"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

Item 404(a) of Regulation S-K regulatory

"that are required to be reported under Item 404(a) of Regulation S-K"

FAQ

What did Phoenix Education Partners (PXED) announce regarding its Board of Directors?

Phoenix Education Partners appointed Robert Brackenbury to its Board as a Class I director on July 9, 2026. He will also serve on the Board’s audit committee, adding investment and governance expertise.

What role will Robert Brackenbury have at Phoenix Education Partners (PXED)?

Robert Brackenbury will serve as a Class I director and member of the audit committee. His responsibilities will include oversight in financial reporting and controls as part of the Board’s governance duties.

What is Robert Brackenbury’s professional background relevant to Phoenix Education Partners (PXED)?

Brackenbury previously served as Deputy Chief Investment Officer for the State of Michigan Retirement System, overseeing more than $170 billion in pension and trust assets, and held senior legal, administrative, and academic roles.

Does Robert Brackenbury have any related-party transactions with Phoenix Education Partners (PXED)?

The company states there have been no transactions since the beginning of the last fiscal year, and no proposed transactions, involving Brackenbury or his immediate family that require disclosure under Item 404(a) of Regulation S‑K.

Will Robert Brackenbury receive compensation as a director of Phoenix Education Partners (PXED)?

Brackenbury will be eligible for director compensation as described under “Director Compensation” in the company’s 2025 proxy statement. Specific amounts and components follow the standard program for non‑employee directors.

What legal protections does Phoenix Education Partners (PXED) provide to Robert Brackenbury?

Brackenbury has entered into a standard indemnification agreement with the company, in the form filed as Exhibit 10.22 to its Form 10‑K, offering protection for certain claims arising from his service as a director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): July 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 July 9, 2026, Robert Brackenbury was appointed to the Board of Directors (“Board”) of Phoenix Education Partners, Inc. (the “Company”) as a Class I director. Mr. Brackenbury will serve on the audit committee of the Board.

Mr. Brackenbury previously served at the State of Michigan Retirement System from 2010 to 2026, most recently as the Deputy Chief Investment Officer, where he oversaw the investment management of more than $170 billion in combined pension and other state trust fund assets. Mr. Brackenbury also held several senior leadership positions with the State of Michigan Retirement System. Earlier in his career with the State of Michigan, Mr. Brackenbury served as a State Tax Tribunal judge and as an Assistant Attorney General. Mr. Brackenbury spent a decade in senior administrative roles at Eastern Michigan University and serves as an investment committee member for local community foundations in Michigan. Mr. Brackenbury also served as a U.S. Army officer, both on active duty and in the U.S. Army Reserve. Mr. Brackenbury currently serves on the board of directors of Athene Holding Ltd. Mr. Brackenbury holds a Bachelor of Science degree in mathematics and economics and a Master of Arts degree in economics from Eastern Michigan University, a Master of Business Administration degree from the University of Michigan Ross School of Business, and a Juris Doctor degree from Wayne State University Law School. He also completed the Senior Executives in State and Local Government Program at Harvard Kennedy School.

Mr. Brackenbury has entered into a standard indemnification agreement with the Company, the form of which is attached as exhibit 10.22 to the Company’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 20, 2025. Mr. Brackenbury will also be eligible to receive director compensation from the Company as more fully described under the caption “Director Compensation” on pages 27 and 28 of the Company’s Proxy Statement for 2025 Annual Meeting of Stockholders, filed with the SEC on December 29, 2025.

There are no arrangements or understandings between Mr. Brackenbury and any person pursuant to which Mr. Brackenbury was selected as a director. There have been no transactions since the beginning of the Company’s last fiscal year, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which Mr. Brackenbury, or any member of his immediate family had or will have any interest, that are required to be reported under Item 404(a) of Regulation S-K.

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: July 13, 2026	By:	/s/ Srini Medi
		Name:	Srini Medi
		Title:	Chief Legal Officer and Secretary

3

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB