GCE places CFO Daniel E. Bachus on paid leave amid govt probe into third-party stock trades

Grand Canyon Education, Inc.

CFO Daniel E. Bachus placed on paid administrative leave effective Aug 21, 2026, tied to government investigation of non-employee's trades in Company stock.
Company states leave is unrelated to financial statements or accounting policies; Company is not a focus of the investigation.
Board appointed Lori Browning, SVP & Controller/Chief Accounting Officer, as interim CFO and principal financial officer, effective Aug 21, 2026.
Browning joined GCE in 2008; served as VP-Controller until 2019; CPA since 1996 with finance/accounting degrees from Arizona State University.
Company retained outside counsel, is conducting its own investigation, and is cooperating with the government.

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