secwatch.observer — SEC 8-K summary
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Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0000950170-25-009273
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urgently appoints Alex Zyngier to board; amends CEO/CFO severance terms
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- Alex Zyngier appointed as Class III director, term expiring at 2026 annual meeting.
- Zyngier is founder/managing director of Batuta Capital Advisors; appointment required by loan agreement.
- CEO Booth and CFO Huffmyer amended agreements now include severance for resignation with 'good reason'.
- Severance adds target bonus as cash benefit; change of control period extended to 3 months prior.
- Booth base salary $500K, target bonus $350K; Huffmyer base $400K, target $200K; unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025009273/0000950170-25-009273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025009273/uly-20250123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-009273

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer