---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-256554"
form_type: "8-K"
ticker: null
cik: "0001813756"
company_name: "WeWork Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:29:17.286568+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WeWork appoints David Tolley as permanent CEO; Paul Keglevic named Board Chair

## Summary
- David Tolley named permanent CEO; base salary $2.875M, target bonus 100% of base (suspended), plus $400K discretionary and $500K one-time cash.
- Paul Keglevic appointed Chair of the Board effective Sept 1, 2023.
- Tolley has served as Board member since Feb 2023 and interim CEO since May 2023; transformation includes lease renegotiations and operational efficiency.
- Severance: if terminated without Cause before 1st anniversary, cash severance equals base salary + target bonus; after 1st anniversary, 2x sum.

## SEC filing metadata
- accession: 0001193125-23-256554
- form_type: 8-K
- cik: 0001813756
- company_name: WeWork Inc.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- 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/1813756/000119312523256554/0001193125-23-256554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813756/000119312523256554/d569469d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-256554
- JSON: https://secwatch.observer/filing/0001193125-23-256554.json
- Plain text: https://secwatch.observer/filing/0001193125-23-256554.txt

## Key facts
- Executive change
  David Tolley was appointed as Chief Executive Officer at WeWork Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 10, 2023, the Board of Directors (the “Board”) of WeWork Inc. (the “Company”) appointed David Tolley as the Company’s Chief Executive Officer (“CEO”) on a permanent basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523256554/0001193125-23-256554-index.htm

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