UPWORK, INC (UPWK): CFO Peter Sanborn appointed

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 27, 2026, Erica Gessert notified the Company of her intention to resign from her position as the Company’s Chief Financial Officer and principal financial officer, effective January 1, 2027 (the “Resignation Date”). Following the Resignation Date, Ms. Gessert will serve in an advisory role through March 31, 2027 to support the transition of her responsibilities. Ms. Gessert’s decision to resign was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
On November 2, 2026, the Company announced that the Company’s board of directors (the “Board”) appointed Peter Sanborn, age 43, the Company’s current Chief Business Officer, to serve as the Company’s Chief Financial Officer (“CFO”) and principal financial officer, effective as of the Resignation Date. Mr. Sanborn will cease to serve as the Company’s Chief Business Officer as of the Resignation Date.
Biographical information for Mr. Sanborn may be found in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 23, 2026.
There is no arrangement or understanding between Mr. Sanborn and any other persons pursuant to which Mr. Sanborn was selected as an officer. There are no family relationships between Mr. Sanborn and any director or executive officer of the Company. Mr. Sanborn is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
As of the date of this Current Report on Form 8-K, the material terms of Mr. Sanborn’s compensation in connection with his appointment as CFO and Ms. Gessert’s advisory role have not yet been determined. Once such terms are determined and approved by the compensation committee, the Company will file an amendment to this Current Report on Form 8-K to disclose such information.