Grand Canyon Education placed its Chief Financial Officer, Daniel E. Bachus, on paid administrative leave effective August 21, 2026, due to an ongoing governmental investigation involving a non-employee third party's trades in the company's stock. The filing clarifies that the leave is unrelated to the company's financial statements or accounting practices and that the company itself is not a focus of the investigation. Lori Browning, Senior Vice President & Controller, was appointed as interim Chief Financial Officer and interim principal financial officer effective the same date. Grand Canyon Education operates in the higher education sector, providing online degree programs through its subsidiary University of Phoenix.
