Udemy CEO Gregg Coccari to retire Feb 28; Greg Brown named successor; Q4 EBITDA guidance raised

Udemy, Inc.

CEO Gregg Coccari retires effective Feb 28, 2023; Greg Brown (President, Udemy Business) becomes CEO and joins Board.
Jeff Lieberman appointed Interim Chairman; Stephanie Stapleton Sudbury promoted to President of Udemy Business.
Q4 2022 revenue outlook $164-167M consistent; adjusted EBITDA margin expected to exceed prior guidance of (17)% to (15)%.
Brown receives base salary $565K, 100% bonus target, and $6M RSU award vesting over 4 years.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Gregg Coccari

President, Chief Executive Officer and Chairman

UDMY · Udemy, Inc.

Effective: 2023-02-28
Successor: Gregory Brown
Filed: January 9, 2023, 6:59 PM ET

On January 4, 2023, Gregg Coccari notified the Board of Directors (the “Board”) of the Company of his intention to retire from his role as the Company’s President, Chief Executive Officer and Chairman of the Board and to resign as a member of the Board, in each case effective as of February 28, 2023.

Appointed

Gregory Brown

President and Chief Executive Officer

UDMY · Udemy, Inc.

Effective: 2023-02-28
Filed: January 9, 2023, 6:59 PM ET

Additionally, on January 9, 2023, the Company announced that Gregory Brown, the Company’s President, Udemy Business, will be appointed as the Company’s President and Chief Executive Officer, effective as of February 28, 2023, and has been elected to serve as a Class I director, effective as of February 28, 2023

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Udemy, Inc. reported quarter ended December 31, 2022 results: revenue $164 to $167 million. Guidance reaffirmed.

Period: quarter ended December 31, 2022
Revenue: $164 to $167 million
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Udemy expects fourth quarter 2022 revenue to be in the range of $164 to $167 million, consistent with the outlook provided on November 2, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregg Coccari departed as President, Chief Executive Officer and Chairman at Udemy, Inc..

Action: retire
Role: President, Chief Executive Officer and Chairman

Exact text from the filing

On January 4, 2023, Gregg Coccari notified the Board of Directors (the “Board”) of the Company of his intention to retire from his role as the Company’s President, Chief Executive Officer and Chairman of the Board and to resign as a member of the Board, in each case effective as of February 28, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory Brown was appointed as President and Chief Executive Officer at Udemy, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Additionally, on January 9, 2023, the Company announced that Gregory Brown, the Company’s President, Udemy Business, will be appointed as the Company’s President and Chief Executive Officer, effective as of February 28, 2023, and has been elected to serve as a Class I director, effective as of February 28, 2023

View on SEC.gov

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Udemy, Inc. filing history →

Source: SEC EDGAR

accession 0001607939-23-000004

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