---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-101654"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:09:37.766879+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wheels Up appoints George Mattson as CEO; expands Delta loan by $10M to $70M

## Summary
- George N. Mattson named CEO of Wheels Up Partners LLC; expected to start in early October 2023.
- Todd Smith, interim CEO, will remain as CFO after Mattson joins.
- Fourth Amendment increases Delta secured promissory note by $10M, total principal now $70M.
- Mattson brings 25 years of aviation experience; served as Goldman partner and Delta board member.
- Non-binding agreement in principle for up to $500M facility from Delta, Certares, Knighthead, and others.

## SEC filing metadata
- accession: 0001104659-23-101654
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/0001104659-23-101654-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/tm2326291d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-101654
- JSON: https://secwatch.observer/filing/0001104659-23-101654.json
- Plain text: https://secwatch.observer/filing/0001104659-23-101654.txt

## Key facts
- Executive change
  Todd Smith changed role as Chief Financial Officer at Wheels Up Experience Inc..
  - Role: Chief Financial Officer
  source text: Thereafter, Mr. Smith will continue to serve as WUP’s Chief Financial Officer and the Company’s principal financial officer and principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/0001104659-23-101654-index.htm
- Executive change
  George N. Mattson was appointed as Chief Executive Officer at Wheels Up Experience Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Company announced that the Board of Directors of the Company appointed George N. Mattson to serve as Chief Executive Officer of Wheels Up Partners LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/0001104659-23-101654-index.htm
- Material Agreements
  Wheels Up Experience Inc. amended Fourth Amendment to Secured Promissory Note with Delta Air Lines, Inc. valued at an additional $10.0 million (effective 2023-09-14).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Delta Air Lines, Inc.
  - Value: an additional $10.0 million
  - Effective: 2023-09-14
  source text: On September 14, 2023, the Company and Delta entered into the Fourth Amendment to Secured Promissory Note (the “Note Fourth Amendment” and together with the Note, the “Amended Note”), to increase the aggregate principal amount of the Note by up to an additional $10.0 million, of which the additional $10.0 million was received by the Company on September 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/0001104659-23-101654-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.