---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-146113"
form_type: "8-K"
ticker: null
cik: "0001813756"
company_name: "WeWork Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:56:54.224497+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WeWork CEO Sandeep Mathrani resigns; board appoints David Tolley as interim CEO

## Summary
- CEO Sandeep Mathrani steps down effective May 26, 2023, not due to any disagreement.
- Board appoints David Tolley as interim CEO; Daniel Hurwitz becomes Chairman and leads search for permanent CEO.
- Tolley's compensation: $229,167/month base salary, $1.5M bonus target, $500K RSUs vesting over six months.
- Company reaffirms Q2 2023 guidance: revenue $840-865M, adjusted EBITDA ($10M)-$15M.
- Under Mathrani, WeWork cut $2.3B in costs and grew revenue to $849M in Q1 2023 from $593M (Q2 2021).

## SEC filing metadata
- accession: 0001193125-23-146113
- form_type: 8-K
- cik: 0001813756
- company_name: WeWork Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813756/000119312523146113/0001193125-23-146113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813756/000119312523146113/d451919d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-146113
- JSON: https://secwatch.observer/filing/0001193125-23-146113.json
- Plain text: https://secwatch.observer/filing/0001193125-23-146113.txt

## Key facts
- Executive change
  David Tolley was appointed as interim Chief Executive Officer at WeWork Inc..
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: On May 16, 2023, the Board appointed David Tolley as the Company’s interim CEO and Daniel Hurwitz as Chairman of the Board, in each case, effective May 26, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523146113/0001193125-23-146113-index.htm
- Executive change
  Sandeep Mathrani resigned as Chief Executive Officer at WeWork Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On May 10, 2023, Sandeep Mathrani notified WeWork Inc. (the “Company”) of his intention to resign from his position as Chief Executive Officer (“CEO”) of the Company and as Chairman and a member of the Company’s Board of Directors (the “Board”), in each case, effective May 26, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523146113/0001193125-23-146113-index.htm
- Executive change
  Daniel Hurwitz was appointed as Chairman of the Board at WeWork Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: On May 16, 2023, the Board appointed David Tolley as the Company’s interim CEO and Daniel Hurwitz as Chairman of the Board, in each case, effective May 26, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523146113/0001193125-23-146113-index.htm

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