Urgent.ly Inc. Elects New Directors, Updates Executive Pay
Ticker: ULY · Form: 8-K · Filed: May 27, 2025 · CIK: 1603652
| Field | Detail |
|---|---|
| Company | Urgent.Ly Inc. (ULY) |
| Form Type | 8-K |
| Filed Date | May 27, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, officer-appointment
TL;DR
Urgent.ly adds 2 directors, inks new pay deals for CEO & CFO.
AI Summary
Urgent.ly Inc. announced on May 21, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, David M. Dase and Robert J. D. Smith, to its board. Additionally, the company entered into new employment agreements with its CEO, Timmy L. Smith, and CFO, Michael J. Glickman, effective May 21, 2025, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Urgent.ly Inc. (company) — Registrant
- David M. Dase (person) — Newly Elected Director
- Robert J. D. Smith (person) — Newly Elected Director
- Timmy L. Smith (person) — CEO
- Michael J. Glickman (person) — CFO
- May 21, 2025 (date) — Effective date of board changes and new employment agreements
FAQ
Who were the new directors elected to Urgent.ly Inc.'s board?
David M. Dase and Robert J. D. Smith were elected as new directors to Urgent.ly Inc.'s board.
When were the new employment agreements for the CEO and CFO effective?
The new employment agreements for the CEO, Timmy L. Smith, and CFO, Michael J. Glickman, were effective May 21, 2025.
What items are covered in this Form 8-K filing?
This Form 8-K covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with financial statements and exhibits.
What is the principal executive office address for Urgent.ly Inc.?
The principal executive office address for Urgent.ly Inc. is 8609 Westwood Center Drive, Suite 810, Vienna, VA 22182.
What is Urgent.ly Inc.'s fiscal year end?
Urgent.ly Inc.'s fiscal year ends on December 31.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 27, 2025 by David M. Dase regarding Urgent.ly Inc. (ULY).