secwatch.observer — SEC 8-K summary
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Issuer:     WeWork Inc. (—)
CIK:        0001813756
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001193125-23-256554
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813756/000119312523256554/0001193125-23-256554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813756/000119312523256554/d569469d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-256554

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