secwatch.observer — SEC 8-K summary
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Issuer:     UPWORK, INC (UPWK)
CIK:        0001627475
Form:       8-K
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0001627475-22-000035
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upwork CFO Jeff McCombs to depart; Q3 guidance reaffirmed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627475/000162747522000035/0001627475-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627475/000162747522000035/upwork-20220921.htm
  HTML page:      https://secwatch.observer/filing/0001627475-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer