Universal Technical Institute UTI Concorde — Restructuring Charges

During the three months ended June 30, 2026, management approved and implemented phase I of a multi-phase restructuring plan across all segments to simplify how we operate, improve student acquisition and better align our resources behind the highest-return opportunities across the business. Phase I resulted in a workforce reduction with total restructuring charges of $1.1 million, consisting primarily of severance and employee benefit costs. Of the total restructuring charges recognized during the three and nine months ended June 30, 2026, $0.8 million was recorded in “Educational services and facilities expense” and $0.3 million was recorded in “Selling, general and administrative expense” in the condensed consolidated statements of operations. Of these total charges, $0.7 million was recorded on the UTI segment, $0.2 million was on the Concorde segment and $0.2 million was on the Corporate segment. No additional expenses are expected for phase I and approximately $0.7 million remains unpaid as of June 30, 2026.