Udemy Appoints New Directors, CEO Yang Gets New Contract
Ticker: UDMY · Form: 8-K · Filed: Aug 16, 2024 · CIK: 1607939
| Field | Detail |
|---|---|
| Company | Udemy, Inc. (UDMY) |
| Form Type | 8-K |
| Filed Date | Aug 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, ceo-contract
Related Tickers: UDMY
TL;DR
Udemy adds 2 directors, CEO Dennis Yang signs new deal with $450k base salary.
AI Summary
Udemy, Inc. announced on August 12, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Ms. Sarah O'Hara and Mr. Jonathan Ebinger, to its Board of Directors. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Mr. Dennis Yang, effective August 12, 2024, which includes a base salary of $450,000 and potential performance-based bonuses.
Why It Matters
The appointment of new directors and a revised CEO employment agreement signals potential strategic shifts and executive confidence in the company's future direction.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and executive compensation, with no immediate negative financial implications disclosed.
Key Numbers
- $450,000 — CEO Base Salary (New annual base salary for CEO Dennis Yang)
Key Players & Entities
- Udemy, Inc. (company) — Registrant
- Sarah O'Hara (person) — Newly elected Director
- Jonathan Ebinger (person) — Newly elected Director
- Dennis Yang (person) — Chief Executive Officer
- $450,000 (dollar_amount) — CEO's new base salary
- August 12, 2024 (date) — Effective date of board changes and CEO agreement
FAQ
Who are the new directors appointed to Udemy's Board?
Udemy appointed Ms. Sarah O'Hara and Mr. Jonathan Ebinger as new directors to its Board of Directors.
What is the effective date of the reported changes?
The earliest event reported is dated August 12, 2024.
What is the new base salary for Udemy's CEO, Dennis Yang?
The new employment agreement for CEO Dennis Yang sets his base salary at $450,000.
What is Udemy's principal executive office address?
Udemy's principal executive offices are located at 600 Harrison Street, 3rd Floor, San Francisco, California 94107.
What is the IRS Employer Identification Number for Udemy, Inc.?
Udemy, Inc.'s IRS Employer Identification Number is 27-1779864.
Filing Stats: 725 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-16 09:34:45
Key Financial Figures
- $0.00001 — ange on which registered Common Stock, $0.00001 par value per share UDMY The Nasdaq Sto
Filing Documents
- udmy-20240812.htm (8-K) — 28KB
- exhibit991-20240816form8xk.htm (EX-99.1) — 13KB
- 0001607939-24-000159.txt ( ) — 171KB
- udmy-20240812.xsd (EX-101.SCH) — 2KB
- udmy-20240812_lab.xml (EX-101.LAB) — 22KB
- udmy-20240812_pre.xml (EX-101.PRE) — 13KB
- udmy-20240812_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On August 16, 2024, the Company issued a press release announcing Mr. Bali's appointment as Chief Technology Officer. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 of this Current Report on Form 8-K, including the accompanying Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of Section 18. The information in Item 7.01 of this Current Report on Form 8-K, including the accompanying Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press release dated August 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UDEMY, INC. Date: August 16, 2024 By: /s/ Ken Hirschman Ken Hirschman General Counsel