Upland Software Reports Officer Changes, Compensation on Jan 30 8-K
Ticker: UPLD · Form: 8-K · Filed: Jan 30, 2024 · CIK: 1505155
Complexity: simple
Sentiment: neutral
Topics: officer-changes, compensation, corporate-governance
TL;DR
**Upland Software just announced leadership changes and new compensation plans in an 8-K.**
AI Summary
Upland Software, Inc. filed an 8-K on January 30, 2024, to report the departure of directors or certain officers and the election of new directors or appointment of certain officers, along with compensatory arrangements for these officers. This filing also confirms the company's Common Stock, par value $0.0001 per share, and Preferred Stock Purchase Rights are registered on The Nasdaq Global Market under the trading symbol UPLD. For investors, this matters because changes in leadership and compensation structures can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and their compensation can directly influence a company's strategic direction and operational efficiency, which are key drivers of stock value.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty, but the filing doesn't detail specific departures or appointments, making the immediate impact unclear.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the leadership changes and compensatory arrangements, as these will provide clearer insights into potential strategic shifts and their financial implications.
Key Numbers
- $0.0001 — Common Stock Par Value (The par value per share for Upland Software's Common Stock.)
Key Players & Entities
- Upland Software, Inc. (company) — registrant
- The Nasdaq Global Market (company) — exchange where securities are registered
- $0.0001 (dollar_amount) — par value per share of Common Stock
- January 30, 2024 (date) — date of earliest event reported and filing date
Forward-Looking Statements
- Upland Software will provide more specific details about the leadership changes and compensation in future filings or press releases. (Upland Software, Inc.) — medium confidence, target: Q1 2024
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 30, 2024, which is also the date of the report.
What specific items were reported under 'ITEM INFORMATION' in this 8-K?
The 8-K reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Other Events'.
On which exchange are Upland Software, Inc.'s securities registered?
Upland Software, Inc.'s Common Stock, par value $0.0001 per share, and Preferred Stock Purchase Rights are registered on The Nasdaq Global Market.
What is the trading symbol for Upland Software, Inc.'s Common Stock?
The trading symbol for Upland Software, Inc.'s Common Stock is UPLD.
What is the par value of Upland Software, Inc.'s Common Stock?
The par value of Upland Software, Inc.'s Common Stock is $0.0001 per share.
Filing Stats: 835 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-01-30 16:39:16
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share UPLD The Nasdaq Global Market
- $375,000 — ncreased, effective January 1, 2024, to $375,000; (2) any equity grants granted to Ms. C
Filing Documents
- upld-20240130.htm (8-K) — 28KB
- 0001505155-24-000004.txt ( ) — 196KB
- upld-20240130.xsd (EX-101.SCH) — 3KB
- upld-20240130_def.xml (EX-101.DEF) — 16KB
- upld-20240130_lab.xml (EX-101.LAB) — 31KB
- upld-20240130_pre.xml (EX-101.PRE) — 16KB
- upld-20240130_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. Appointment of Chief Revenue Officer On January 25, 2024, the Company has unanimously approved the appointment of Matt Breslin to Chief Revenue Officer of the Company, effective February 6, 2024. Mr. Breslin, age 55, was previously an Executive Vice President at Infor where he worked for over 9 years. He earned a bachelor's degree in Business Administration in Accounting from the University of Notre Dame and an MBA from Northwestern University – Kellogg School of Management. There are no family relationships between Mr. Breslin and any other director or executive officer of the Company, and Mr. Breslin has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL 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 thereunto duly authorized. UPLAND SOFTWARE, INC. By: /s/ Michael D. Hill Michael D. Hill Chief Financial Officer Date: January 30, 2024