Wheels Up CFO Eric Jacobs to depart May 18; Eric Cabezas appointed interim CFO

Wheels Up Experience Inc.

CFO Eric Jacobs departs effective May 18, 2022; external search for permanent CFO initiated.
Eric Cabezas, SVP of Finance, named interim CFO; base salary $325,000, recommended 50,000 RSU award.
Separation agreement: $495,000 lump sum; accelerated vesting of 316,519 restricted shares and 136,245 RSUs.
Jacobs to advise for 12 months; receives 55 flight hours in 2022 plus COBRA premium coverage.
Company engaged Russell Reynolds to conduct CFO search; Cabezas has held SVP Finance role since 2019.

item 5.02 item 9.01

Executive movements

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Departed

Eric Jacobs

Chief Financial Officer and Principal Accounting Officer

UP · Wheels Up Experience Inc.

Effective: 2022-05-18
Successor: Eric Cabezas
Filed: May 12, 2022, 7:59 PM ET

On May 12, 2022, the Company and Eric Jacobs, the Company’s Chief Financial Officer and Principal Accounting Officer, announced Mr. Jacobs’ departure from the Company effective as of May 18, 2022.

Appointed (interim)

Eric Cabezas

interim Chief Financial Officer and principal accounting officer

UP · Wheels Up Experience Inc.

Effective: 2022-05-18
Filed: May 12, 2022, 7:59 PM ET

Eric Cabezas, age 37, the Company’s Senior Vice President of Finance, will serve as interim Chief Financial Officer and principal accounting officer effective as of Mr. Jacobs’ departure.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Jacobs departed as Chief Financial Officer and Principal Accounting Officer at Wheels Up Experience Inc..

Action: departed
Role: Chief Financial Officer and Principal Accounting Officer

Exact text from the filing

On May 12, 2022, the Company and Eric Jacobs, the Company’s Chief Financial Officer and Principal Accounting Officer, announced Mr. Jacobs’ departure from the Company effective as of May 18, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Cabezas was appointed as interim Chief Financial Officer and principal accounting officer at Wheels Up Experience Inc..

Action: appointed
Role: interim Chief Financial Officer and principal accounting officer

Exact text from the filing

Eric Cabezas, age 37, the Company’s Senior Vice President of Finance, will serve as interim Chief Financial Officer and principal accounting officer effective as of Mr. Jacobs’ departure.

View on SEC.gov

Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-059432

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