secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001104659-22-059432
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465922059432/0001104659-22-059432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465922059432/tm2215337d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-059432

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