secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001193125-25-052600
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Udemy appoints Hugo Sarrazin as CEO effective March 12, 2025; Greg Brown steps down
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- Hugo Sarrazin joins from UKG, previously EVP/CPTO; base salary $600K, target bonus 100%, $10M RSU grant.
- Greg Brown transitions to non-executive advisor through Dec 31, 2025; remains employee until June 30, 2025.
- Sarrazin appointed to Board as Class III director; board fixed at nine members.
- Company reaffirms financial outlook provided on February 13, 2025.
- Brown led Udemy Business from ~$100M to >$500M ARR; served as CEO for 4 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000119312525052600/0001193125-25-052600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000119312525052600/d901444d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-052600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer