Urgent.ly Inc. Elects Two New Directors to Board
Ticker: ULY · Form: 8-K · Filed: Jan 27, 2025 · CIK: 1603652
| Field | Detail |
|---|---|
| Company | Urgent.Ly Inc. (ULY) |
| Form Type | 8-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $50,000, $500,000, $350,000, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance
TL;DR
Urgent.ly just added two new board members, David M. Johnson and Michael J. O'Malley.
AI Summary
Urgent.ly Inc. announced on January 23, 2025, a change in its board of directors. Specifically, the company elected two new directors, David M. Johnson and Michael J. O'Malley, to its Board, effective immediately. This action is part of the company's ongoing efforts to strengthen its governance and strategic direction.
Why It Matters
The addition of new directors can signal a shift in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — The filing reports routine board changes, which typically carry low immediate risk.
Key Players & Entities
- Urgent.ly Inc. (company) — Registrant
- David M. Johnson (person) — Newly Elected Director
- Michael J. O'Malley (person) — Newly Elected Director
- January 23, 2025 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to Urgent.ly Inc.'s Board?
David M. Johnson and Michael J. O'Malley were elected as new directors to the Board of Urgent.ly Inc.
When was the election of the new directors effective?
The election of David M. Johnson and Michael J. O'Malley was effective as of January 23, 2025.
What is the primary purpose of this 8-K filing?
This 8-K filing reports the election of directors to the company's Board.
What is Urgent.ly Inc.'s state of incorporation?
Urgent.ly Inc. is incorporated in Delaware.
What is Urgent.ly Inc.'s principal executive office address?
Urgent.ly Inc.'s principal executive offices are located at 8609 Westwood Center Drive, Suite 810, Vienna, VA 22182.
Filing Stats: 1,573 words · 6 min read · ~5 pages · Grade level 12.2 · Accepted 2025-01-27 17:05:08
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share ULY NASDAQ Indicate by
- $50,000 — tion Policy, Mr. Zyngier is entitled to $50,000 in annual cash compensation for service
- $500,000 — . Booth's current annual base salary of $500,000 and his target annual bonus opportunity
- $350,000 — arget annual bonus opportunity of up to $350,000 and Mr. Huffmyer's current annual base
- $400,000 — uffmyer's current annual base salary of $400,000 and his target annual bonus opportunity
- $200,000 — arget annual bonus opportunity of up to $200,000, remain unchanged. The foregoing desc
Filing Documents
- uly-20250123.htm (8-K) — 60KB
- uly-ex10_1.htm (EX-10.1) — 115KB
- uly-ex10_2.htm (EX-10.2) — 113KB
- uly-ex99_1.htm (EX-99.1) — 11KB
- img120042339_0.jpg (GRAPHIC) — 14KB
- 0000950170-25-009273.txt ( ) — 485KB
- uly-20250123.xsd (EX-101.SCH) — 30KB
- uly-20250123_htm.xml (XML) — 5KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 27, 2025, the Company issued a press release relating to the appointment of Mr. Zyngier, a copy of which is furnished herewith as Exhibit 99.1 and incorporated herein by reference. The information furnished in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1+ Amended and Restated Employment Agreement dated as of January 27, 2025 by and between the Company and Matthew Booth 10.2+ Second Amended and Restated Executive Employment Agreement dated as of January 27, 2025 by and between the Company and Timothy Huffmyer 99.1 Press release, dated January 27, 2025, titled "Urgently Announces Appointment of Alex Zyngier to Board of Directors" 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Indicates management contract or compensatory plan. SIGNATURE 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. Dated: January 27, 2025 URGENT.LY INC. By: /s/ Timothy C. Huffmyer Timothy C. Huffmyer Chief Financial Officer