--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-159419" form_type: "8-K" ticker: null cik: "0001813756" company_name: "WeWork Inc." filed_at: "2024-06-12T23:59:59+00:00" generated_at: "2026-06-01T04:53:24.962884+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # WeWork emerges from Chapter 11, cancels all existing equity, names new CEO and board ## Summary - Plan effective June 11, 2024; 52.8M existing common shares and 25.3M warrants cancelled with no value. - Up to 71.2M new common shares issued to allowed claimholders, representing ~100% of voting securities. - David Tolley removed as CEO; John C. Santora appointed CEO effective June 12 and joins board. - New board: Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann, Jagannath Iyer. - Exit credit facilities: $441.6M Junior TLC (matures 2030) and $450M Senior LC (Goldman $264.8M, JPM $185.2M). ## SEC filing metadata - accession: 0001193125-24-159419 - form_type: 8-K - cik: 0001813756 - company_name: WeWork Inc. - filed_at: 2024-06-12T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.02, 1.03, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/d803133d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-159419 - JSON: https://secwatch.observer/filing/0001193125-24-159419.json - Plain text: https://secwatch.observer/filing/0001193125-24-159419.txt ## Key facts - Distress & Bankruptcy WeWork Inc. entered chapter 11 in United States Bankruptcy Court. - Proceeding: chapter 11 - Court: United States Bankruptcy Court source text: On the Effective Date, the Plan became effective pursuant to its terms and the Debtors filed a Notice of Occurrence of Effective Date (the “ Effective Date Notice ”) with the Bankruptcy Court. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Paul Keglevic departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Adnan Ahmad was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Daniel Ehrmann was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Arnold Brier was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change John C. Santora was appointed as Chief Executive Officer at WeWork Inc.. - Action: appointed - Role: Chief Executive Officer source text: John C. Santora was appointed as the Company's Chief Executive Officer, effective as of June 12, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Alex Clavel departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Vikas Parekh departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change David Tolley departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Paul Aronzon departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Jason Yardi was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change David Tolley departed as Chief Executive Officer at WeWork Inc.. - Action: ceased to serve - Role: Chief Executive Officer source text: On the Effective Date, David Tolley ceased to serve as the Company's Chief Executive Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Elizabeth LaPuma departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change John C. Santora was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Upon his appointment as Chief Executive Officer, John C. Santora will join the board as a director. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Anant Yardi was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Henry S. Miller departed as Director at WeWork Inc.. - Action: ceased to be director - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm - Executive change Jagannath Iyer was appointed as Director at WeWork Inc.. - Action: appointed - Role: Director source text: Pursuant to the Plan, on the Effective Date, Paul Keglevic, Paul Aronzon, Alex Clavel, Elizabeth LaPuma, Henry S. Miller, David Tolley and Vikas Parekh ceased to be directors of the Company and were replaced by Anant Yardi, Jason Yardi, Adnan Ahmad, Arnold Brier, Daniel Ehrmann and Jagannath Iyer. evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312524159419/0001193125-24-159419-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.