{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-26-000083","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2026-11-09T22:29:44+00:00","discovered_at":"2026-11-09T22:32:00.264717+00:00","generated_at":"2026-11-09T22:32:04.500011+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"dividend","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"HGGC waives 4.5% PIK dividends on all 115,000 Upland Series A preferred shares, effective Oct 1, 2026","bullets":["Ulysses Aggregator LP, HGGC affiliate holding all 115,000 Series A Convertible Preferred shares, waived dividend accrual indefinitely effective October 1, 2026.","Waived dividends (4.5% annually, paid in kind into liquidation preference) are permanently forgiven, with no catch-up even if the waiver is later revoked.","Majority Series A holders can revoke prospectively, effective the first quarterly dividend period at least 30 days after written notice to Upland.","Company expects full quarterly benefit starting Q4 2026 through higher net income attributable to common; liquidation preference held flat and fewer common shares issuable on conversion.","CEO Sean Nathaniel links the waiver to the 'Simplify and Delever' phase through early 2027, then Stabilize and Expand in 2027 and Grow in 2028+; HGGC's David Chung sits on the board."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-26-000083","json":"https://secwatch.observer/filing/0001505155-26-000083.json","markdown":"https://secwatch.observer/filing/0001505155-26-000083.md","text":"https://secwatch.observer/filing/0001505155-26-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515526000083/0001505155-26-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515526000083/upld-20261109.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-09T22:32:04.500011+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}