Grand Canyon Education Announces Executive and Director Changes

TL;DR

GCPE just swapped out some execs and directors, effective April 24th.

AI Summary

Grand Canyon Education, Inc. announced on April 24, 2024, changes in its executive and director positions. The company elected new directors and appointed new officers, alongside adjustments to compensatory arrangements for certain key personnel. These changes are effective as of April 24, 2024.

Why It Matters

Changes in executive and director roles can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and compensatory arrangements can introduce uncertainty regarding future strategy and operational stability.

Key Players & Entities

• Grand Canyon Education, Inc. (company) — Registrant
• April 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $20,000 — 's 2017 Equity Incentive Plan valued at $20,000 as of the date of grant on April 24, 20
• $50,000 — rren will receive an annual retainer of $50,000 in cash and an award of restricted stoc
• $75,000 — he 2017 Equity Incentive Plan valued at $75,000 on the date of grant. The cash portion
• $15,000 — vice on the various Board committees of $15,000. The Company reimburses all of its dire

Filing Documents

• lope-20240424x8k.htm (8-K) — 37KB
• 0001558370-24-005696.txt ( ) — 152KB
• lope-20240424.xsd (EX-101.SCH) — 3KB
• lope-20240424_lab.xml (EX-101.LAB) — 15KB
• lope-20240424_pre.xml (EX-101.PRE) — 10KB
• lope-20240424x8k_htm.xml (XML) — 5KB

02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Appointment of New Director Effective April 24, 2024, the Board of Directors (the "Board") of Grand Canyon Education, Inc. (the "Company"), acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Mr. Kevin F. Warren to its Board of Directors for a term expiring at the 2024 annual meeting of stockholders, or until his respective successor is elected or qualified or until their earlier resignation or removal. In connection with his appointment, the Board determined that Mr. Warren is "independent" pursuant to the standards of the Nasdaq Global Market, applicable rules of the Securities and Exchange Commission, and the Company's Corporate Governance Principles and Practices. Since April 2023, Mr. Warren has served as President and Chief Executive Officer of the Chicago Bears, a National Football League ("NFL") franchise, with responsibility for football and business operations. Mr. Warren is the first black President and CEO of the Chicago Bears and only the fifth President in the history of the Chicago Bears. Mr. Warren served as the Commissioner-Elect of the Big Ten Conference from September 2019 to January 2020. On January 2, 2020, Mr. Warren officially began his tenure as Commissioner of the Big Ten Conference and served in that role until April 2023. From 2005 to 2019, Mr. Warren served as a senior officer of the Minnesota Vikings, an NFL franchise. Prior to joining the Vikings, from 2003 to 2005, Mr. Warren worked for the international law firm of Greenberg Traurig LLP, which included representing the Wilf ownership group during its acquisition of the Vikings. From 2001 to 2003, Mr. Warren served as Senior Vice President of Business Operations & General Counsel of the Detroit Lions, an NFL franchise. Prior to that time, Mr. Warren worked with the St. Louis Rams, an NFL franchise, as Vice Presi

SIGNATURES

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, thereunto duly authorized. GRAND CANYON EDUCATION, INC. Date: April 25, 2024 By: /s/ Daniel E. Bachus Daniel E. Bachus Chief Financial Officer (Principal Financial Officer)