secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001819516-25-000011
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up names John Verkamp as CFO; adds 18 Phenom jets, first Challengers by April 1
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- John Verkamp appointed CFO, effective March 31, 2025; previously VP/CFO of GE Vernova Gas Power Global Services.
- Verkamp base salary $550,000, target annual bonus 100% of salary, plus 20 flight hours/year on King Air 350i.
- Wheels Up added 18 Phenom 300E jets to controlled fleet; first Challenger 3500 expected in service by April 1, 2025.
- Eric Cabezas transitions from interim CFO back to SVP of Finance; served since February 2019.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000181951625000011/0001819516-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000181951625000011/up-20250311.htm
  HTML page:      https://secwatch.observer/filing/0001819516-25-000011

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