Upwork CFO Jeff McCombs to depart; Q3 guidance reaffirmed

UPWORK, INC

CFO Jeff McCombs to leave Upwork; search for new CFO initiated with external firm.
McCombs will remain through December 31, 2022 to support transition.
Transition agreement includes six months' base salary lump sum and COBRA reimbursement.
Q3 2022 revenue reaffirmed at $156-158M; adjusted EBITDA $(7)-(9)M.
Non-GAAP loss per share reaffirmed at $(0.06)-(0.08); weighted shares 130-132M.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jeff McCombs

Chief Financial Officer

UPWK · UPWORK, INC

Effective: 2022-12-31
Filed: September 22, 2022, 7:59 PM ET

On September 21, 2022, the Company and Mr. McCombs entered into an agreement (the “McCombs Transition Agreement”) setting forth the terms of Mr. McCombs’ separation from the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff McCombs departed as Chief Financial Officer at UPWORK, INC.

Action: will separate
Role: Chief Financial Officer

Exact text from the filing

On September 21, 2022, the Company and Mr. McCombs entered into an agreement (the “McCombs Transition Agreement”) setting forth the terms of Mr. McCombs’ separation from the Company.

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UPWORK, INC filing history →

Source: SEC EDGAR

accession 0001627475-22-000035

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