Phoenix Education Partners Inc. filed SEC Form 8-K: Other Events
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Item 8.01 Other Events.
The University of Phoenix, Inc., a subsidiary of Phoenix Education Partners, Inc. (including the University, the “Company”), recently experienced a cybersecurity incident involving the Oracle E-Business Suite software platform (“Oracle EBS”). The Company is one of a number of organizations, including other academic institutions, from which an unauthorized third-party exfiltrated data by exploiting a previously unknown software vulnerability in Oracle EBS. The incident did not impact the business operations or student programming of the Company.
Upon detecting the incident on November 21, 2025, the Company promptly took steps to investigate and respond with the assistance of leading third-party cybersecurity firms. While the investigation remains ongoing, at this time, the Company believes that the software vulnerability was used in August 2025 to copy certain data maintained in the Company’s Oracle EBS environment. The Company promptly installed Oracle EBS software patches to remediate the vulnerability following their release in October 2025. The Company believes that certain personal information, including names and contact information, dates of birth, social security numbers, and bank account and routing numbers, with respect to numerous individuals was accessed without authorization. To the Company’s knowledge, the unauthorized third-party has not publicly disseminated the data. The Company is continuing to review the impacted data and will provide the required notifications to affected parties and applicable regulatory entities.
As of the date of this filing, the Company believes that the incident will not have a material adverse effect on its business operations or student programming. The Company continues to investigate the incident and will incur expenses in the fiscal year directly and indirectly related to the event. The Company maintains a comprehensive cybersecurity insurance policy, which covers costs associated with the incident response, investigatory and remediation expense, potential regulatory action, business interruption, and costs associated with investigating, defending, and resolving legal proceedings related to the incident, subject to deductibles, exclusions and limits.
Forward-Looking Statements
The information included in this Item 8.01 contains forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the extent and potential impact of the cybersecurity incident, the means by which the unauthorized third-party accessed the internal IT system, the nature of data that may have been copied, the notification of affected parties and applicable regulatory agencies, the potential effect on our financial condition and results of operations, and the expected cybersecurity insurance policy coverage. The forward-looking statements in this Form 8-K are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated in these forward-looking statements.
Factors that might cause actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to, our ongoing assessment of the impacts of the cybersecurity incident, including the potential discovery of additional information related to the incident in connection with our ongoing investigation or otherwise; our ability to remediate the cybersecurity incident; the impact of the cybersecurity incident on our relationships with employers, employees, faculty, students and governmental regulators; the legal, reputational, and financial risks resulting from the cybersecurity incident, including as may arise from any potential regulatory inquiries and/or litigation to which we may become subject in connection with the incident; remediation and other additional costs that we may incur in connection with the investigation and remediation of the incident; and the risks and uncertainties discussed in our other periodic filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the fiscal year ended August 31, 2025 and other Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, available at www.sec.gov, under the caption “Risk Factors” and elsewhere. The Company does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this Form 8-K, except as may be required by applicable law.
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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: December 2, 2025 | By: | /s/ Christopher Lynne | ||
| Name: | Christopher Lynne | |||
| Title: | Chief Executive Officer | |||
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