Upstart amends severance policy to provide up to 12 months pay for executives outside change in control

Upstart Holdings, Inc.

Amended policy covers NEOs Girouard, Datta, Gu, Counselman and other VP+ employees.
Provides up to 12 months base salary and COBRA premiums for qualified termination outside change in control.
Effective December 5, 2022; prior policy only provided benefits within a change in control period.
Also filed certificate of change for Delaware registered agent and amended bylaws (procedural).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Upstart Holdings, Inc.: Amended and restated bylaws to revise procedures for stockholder nominations, meeting procedures, board committee rules, and other technical edits (effective 2022-11-16).

Change: bylaw amendment
Effective: 2022-11-16

Exact text from the filing

On November 16, 2022, the Board of Directors of the Company approved and adopted an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), effective as of such date.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Upstart Holdings, Inc.: Changed registered agent in Delaware by filing certificate of change (effective 2022-11-17).

Change: charter amendment
Effective: 2022-11-17

Exact text from the filing

On November 17, 2022, the Company filed a certificate of change of registered agent and/or registered office (the “Certificate of Change”) with the Secretary of State of the State of Delaware to change its registered agent in Delaware.

View on SEC.gov

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Upstart Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001647639-22-000070

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