home · filing · 0001505155-22-000049
8-K filed July 14, 2022, 7:59 PM ET
ticker UPLD
CIK 0001505155
other material
confidence high
sentiment positive
materiality 0.80
Upland receives $115M HGGC investment; President Favaron to resign Aug 31
Upland Software, Inc.
HGGC invests $115M in convertible preferred stock at $1,000/share; conversion price $17.50 (30% premium to July 13 close).
Preferred stock carries 4.5% dividend, payable in cash or in-kind; after 7 years 7%. Represents ~17% of common shares as-converted.
David Chung of HGGC to join Board as Series A Director; company reaffirms Q2 2022 guidance.
Proceeds to fund M&A and general corporate purposes; pro forma cash ~$240M and net debt/AEBITDA ~2.9x as of Mar 31, 2022.
President Rod Favaron resigns effective Aug 31; CEO Jack McDonald assumes President role.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Departed
Rodney C. Favaron
President
UPLD ·
Upland Software, Inc.
Effective 2022-08-31
Successor John T. (Jack) McDonald
Filed July 14, 2022, 7:59 PM ET
Rodney C. Favaron has resigned as President of the Company, effective August 31, 2022.
Role change
John T. (Jack) McDonald
President
UPLD ·
Upland Software, Inc.
Effective 2022-08-31
Filed July 14, 2022, 7:59 PM ET
John T. (Jack) McDonald, the Company’s Chair and Chief Executive Officer, will serve as the Company’s President, effective August 31, 2022.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rodney C. Favaron resigned as President at Upland Software, Inc..
Action resigned
Role President
Exact text from the filing
Rodney C. Favaron has resigned as President of the Company, effective August 31, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John T. (Jack) McDonald was appointed as President at Upland Software, Inc..
Action appointed
Role President
Exact text from the filing
John T. (Jack) McDonald, the Company’s Chair and Chief Executive Officer, will serve as the Company’s President, effective August 31, 2022.
View on SEC.gov
Source: SEC EDGAR
accession 0001505155-22-000049
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