---
schema_version: "secwatch.filing_event.v1"
accession: "0001627475-22-000035"
form_type: "8-K"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2022-09-22T23:59:59+00:00"
generated_at: "2026-06-23T08:01:23.169325+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Upwork CFO Jeff McCombs to depart; Q3 guidance reaffirmed

## Summary
- 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.

## SEC filing metadata
- accession: 0001627475-22-000035
- form_type: 8-K
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2022-09-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000162747522000035/0001627475-22-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000162747522000035/upwork-20220921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627475-22-000035
- JSON: https://secwatch.observer/filing/0001627475-22-000035.json
- Plain text: https://secwatch.observer/filing/0001627475-22-000035.txt

## Key facts
- Executive change
  Jeff McCombs departed as Chief Financial Officer at UPWORK, INC.
  - Action: will separate
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627475/000162747522000035/0001627475-22-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.