University administration announced Sunday afternoon that UNM Regents will meet in a closed session on Wednesday to discuss "whether to place President Robert G. Frank on administrative leave with pay pending completion of an internal investigation."
The notice of the private deliberations also goes on to hint at the possibility of a more ominous ending to Frank's tenure, stating that there will be "possible action" to provide Frank "with notice of proposed termination for just cause."
Frank, who has held the office of president since 2012, stated earlier this year that he would not be seeking a new contract after his current one expires at the end of May next year.
It was announced soon after that Frank would take on the position of Center for Innovation in Health and Education Director on North Campus. His new salary of $350,000 a year was slated to be only slightly less than what he currently earns as president.
It is unclear at this time how the internal investigation and potential action affects those plans.
This is a developing story. Check back with the Daily Lobo for more.