Company: UP
Filing Date: 2025-03-11
Form Type: 8-K
Source: 0001819516-25-000011
Chunk: 1

Company: Wheels Up Experience Inc.
Filing Date: 2025-03-11
Form: 8-K
Item: Item 5.02
Chunk 1
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)(c)(e) On March 11, 2025, Wheels Up announced that the Company’s Board of Directors (the “ Board”) has appointed John Verkamp to serve as Chief Financial Officer and principal financial officer of the Company. Mr. Verkamp is expected to join Wheels Up on March 31, 2025 (the “ Start Date”). Eric Cabezas will continue to serve as the Company’s Interim Chief Financial Officer and principal financial officer until the Start Date, and thereafter it is anticipated that he will continue as the Company’s Senior Vice President of Finance, a role he has held since February 2019.

Mr. Verkamp, age 45, is expected to join Wheels Up after over 20 years at General Electric Company (“ GE”) and GE Vernova Inc. (“ GE Vernova”), which included multiple financial leadership positions within GE’s Aerospace and Vernova organizations. Mr. Verkamp joined GE Vernova in 2018 and most recently served as Chief Financial Officer of its Gas Power Global Services business from April 2023 to March 2025. Prior to assuming that role, he served as Chief Financial Officer of Gas Power Transactional Services from April 2021 to April 2023, Chief Financial Officer of Gas Power Commercial and Services from March 2019 to April 2021 and Senior Executive of Financial Planning and Analysis for GE Power from June 2018 to March 2019. Prior to joining GE Vernova, he held a number of leadership roles at GE Aerospace, including as Chief Financial Officer of Avio Aero from November 2015 to June 2018, Chief Financial Officer of Commercial Finance and Risk from March 2013 to October 2015 and Executive Services Financial Planning and Analysis from May 2010 to March 2013. He started his career with GE Plastics in 2003 and subsequently held various audit and financial roles at other GE companies. Mr. Verkamp holds a Bachelor of Science degree in Finance and Accounting from the Kelley School of Business at Indiana University.

In connection with his appointment as Chief Financial Officer of the Company, Wheels Up Partners LLC, an indirect subsidiary of the Company, and Mr. Verkamp entered into an Offer Letter, dated March 7, 2025 (the “ Offer Letter”), pursuant to which: (i) the Company will pay