secwatch.observer — SEC 8-K summary
======================================

Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0000950170-25-077378
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urgent.ly CFO Timothy Huffmyer resigns; Michael Port appointed CFO effective June 6
--------------------------------------------------------------------------------

- Timothy Huffmyer resigns as CFO effective June 6, 2025; departure not due to disagreement with company.
- Michael Port, age 60, appointed CFO effective June 6; previously SVP of Finance at Urgent.ly since May 2025.
- Port's compensation: $300,000 base salary, 30% target bonus, $50,000 one-time bonus (Feb 2026 vest), 5,000 RSUs.
- Port previously VP of Finance and Controller at Lordstown Motors and CFO of Energy Focus.
- Port's promotion letter provides accelerated vesting of bonus and RSUs upon involuntary termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025077378/0000950170-25-077378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025077378/uly-20250521.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-077378

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