{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-22-000049","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2022-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.960635+00:00","generated_at":"2026-06-24T15:02:42.094684+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Upland receives $115M HGGC investment; President Favaron to resign Aug 31","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-22-000049","json":"https://secwatch.observer/filing/0001505155-22-000049.json","markdown":"https://secwatch.observer/filing/0001505155-22-000049.md","text":"https://secwatch.observer/filing/0001505155-22-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515522000049/0001505155-22-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515522000049/upld-20220714.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T15:02:42.094684+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"613770fde8","claim":"Rodney C. Favaron resigned as President at Upland Software, Inc..","evidence_excerpt":"Rodney C. Favaron has resigned as President of the Company, effective August 31, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515522000049/0001505155-22-000049-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"f9d60e8027","claim":"John T. (Jack) McDonald was appointed as President at Upland Software, Inc..","evidence_excerpt":"John T. (Jack) McDonald, the Company’s Chair and Chief Executive Officer, will serve as the Company’s President, effective August 31, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515522000049/0001505155-22-000049-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}