secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2025-06-11T23:59:59+00:00
Accession:  0001104659-25-058543
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up stockholders approve reverse split authorization, LTIP share increase, executive plans
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- Authorized reverse stock split of 1:5 to 1:20 ratio, at board's discretion; proportionate authorized share reduction; no split yet.
- LTIP share pool increased by 30M to 60.15M shares; plan termination extended to March 26, 2035.
- Approved CCO performance plan for up to 15M shares and CFO plan for up to 12M shares, subject to vesting conditions.
- Reelected four Class I directors (Zirkin, James, Janki, Klein) and ratified Grant Thornton LLP as FY2025 auditor.
- Advisory say-on-pay passed with ~480.5M votes for; all proposals passed with overwhelming support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465925058543/0001104659-25-058543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465925058543/tm2514359d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-058543

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