secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001104659-23-067062
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up shareholders approve 1-for-10 reverse stock split; effective June 7, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/tm2317125d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-067062

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