secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001104659-23-101654
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/0001104659-23-101654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923101654/tm2326291d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101654

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer