secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2026-05-19T13:00:15+00:00
Accession:  0001647639-26-000048
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart appoints former Santander US CEO Tim Wennes to board; Jeff Huber resigns
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- Tim Wennes elected to Upstart board as Class I director, effective May 28, 2026.
- Wennes was President and CEO of Santander Holdings USA (2019-2025), overseeing $200B+ assets.
- He brings 35+ years of financial services experience, including at MUFG Union Bank and Countrywide Bank.
- Jeff Huber resigns from board effective May 28, 2026, not due to any disagreement with Upstart.
- Huber served for five years; no committee replacement for his Nominating and Corporate Governance role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763926000048/0001647639-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763926000048/upst-20260519.htm
  HTML page:      https://secwatch.observer/filing/0001647639-26-000048

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