secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001819404-26-000035
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy appoints Atul Bagga as CFO, issues FY2026 revenue guidance $180-190M
--------------------------------------------------------------------------

- Jason Pello's service as CFO ended April 3, 2026; Atul Bagga appointed effective April 6, 2026.
- Bagga previously CFO of JLL Technologies and finance leader at Amazon Web Services and Zynga.
- Bagga receives $500K salary, 50% target bonus, and 1.5M RSUs vesting quarterly over three years.
- FY2026 revenue guidance of $180-190M; non-GAAP adjusted EBITDA expected approximately breakeven.
- Company expects year-end 2026 cash of $40-45M, including $20M drawn on term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000181940426000035/0001819404-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000181940426000035/nrdy-20260403.htm
  HTML page:      https://secwatch.observer/filing/0001819404-26-000035

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