{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-067062","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.838217+00:00","generated_at":"2026-06-14T09:38:41.599459+00:00","sec_items":["5.02","5.07","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wheels Up shareholders approve 1-for-10 reverse stock split; effective June 7, 2023","bullets":["Stockholders approved 1-for-10 reverse stock split; authorized shares reduced from 2.5B to 250M.","Reverse split effective after close June 7; split-adjusted trading begins June 8 under same symbol UP.","Amended 2021 Long-Term Incentive Plan approved, increasing shares available for awards.","Majority vote standard and officer exculpation amendments rejected by shareholders.","Fractional shares to be cashed out at closing price on June 7; warrants adjusted to 1/10th share at $115 exercise."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-067062","json":"https://secwatch.observer/filing/0001104659-23-067062.json","markdown":"https://secwatch.observer/filing/0001104659-23-067062.md","text":"https://secwatch.observer/filing/0001104659-23-067062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/tm2317125d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T09:38:41.599459+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b29a4ae66dca75ebc53f961c28af050a742475c","claim":"Wheels Up Experience Inc. shareholders approved Amendment to effect reverse stock split and authorized share reduction at the 2023-05-31 meeting.","evidence_excerpt":"As a result, the Company’s stockholders approved the Reverse Stock Split Amendment.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"1ac774b2a488c5cd1be2e46bf1d094982a121415","claim":"Wheels Up Experience Inc. shareholders rejected Amendment to permit officer exculpation at the 2023-05-31 meeting.","evidence_excerpt":"As a result, the Company’s stockholders did not approve the Officer Exculpation Amendment.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"63a522be17b803e4970f5d50bf021fe010192981","claim":"Wheels Up Experience Inc. shareholders approved Election of four Class II directors at the 2023-05-31 meeting.","evidence_excerpt":"The Annual Meeting of the Company was held on May 31, 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"a44f1ac6133e4909f9ffe873b3710e12999bbe67","claim":"Wheels Up Experience Inc. shareholders approved Non-binding advisory vote on named executive officer compensation at the 2023-05-31 meeting.","evidence_excerpt":"As a result, the stockholders approved the non-binding, advisory vote on named executive compensation for the fiscal year ended December 31, 2022.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"b3efa9ddf4f5f62a26753b403c9c96ed342ec60c","claim":"Wheels Up Experience Inc. shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm at the 2023-05-31 meeting.","evidence_excerpt":"As a result, the Company’s stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"c6b59055dca3791a248639c9a5d41460759b1a85","claim":"Wheels Up Experience Inc. shareholders approved Amended and Restated 2021 Long-Term Incentive Plan at the 2023-05-31 meeting.","evidence_excerpt":"As a result, the Company’s stockholders approved the Amended and Restated 2021 LTIP.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"e7ba16d392ed35fcc1a74fcad47f3b12ffa6deae","claim":"Wheels Up Experience Inc. shareholders rejected Amendment to adopt majority vote standard for uncontested director elections at the 2023-05-31 meeting.","evidence_excerpt":"As a result, the Company’s stockholders did not approve the Majority Vote Amendment.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}