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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/02/22 WeWork Inc. 8-K:5,7,9 11/29/22 12:188K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 32K 2: EX-99.1 Miscellaneous Exhibit HTML 8K 7: R1 Document and Entity Information HTML 51K 10: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- d400356d8k_htm XML 18K 9: EXCEL IDEA Workbook of Financial Reports XLSX 8K 4: EX-101.DEF XBRL Definitions -- we-20221129_def XML 41K 5: EX-101.LAB XBRL Labels -- we-20221129_lab XML 68K 6: EX-101.PRE XBRL Presentations -- we-20221129_pre XML 43K 3: EX-101.SCH XBRL Schema -- we-20221129 XSD 15K 11: JSON XBRL Instance as JSON Data -- MetaLinks 14± 21K 12: ZIP XBRL Zipped Folder -- 0001193125-22-297578-xbrl Zip 18K
| 8-K |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): i November 29, 2022
i WEWORK INC.
(Exact name of registrant as specified in its charter)
| i Delaware | i 001-39419 | i 85-1144904 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| i 75 Rockefeller Center, i 11th Floor |
i 10022 | |||
| (Address of principal executive offices) | (Zip Code) | |||
i (646) i 389-3922
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| i ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| i ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| i ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| i ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange on which registered | ||
| i Class A common stock, par value $0.0001 per share | i WE | i The New York Stock Exchange | ||
| i Warrants, each whole warrant exercisable for one share of Class A common stock | i WE WS | i The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company i ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |
On November 29, 2022, Saurabh Jalan notified WeWork Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”), effective immediately. The resignation is not the result of any disagreement with the Company with respect to any matter relating to the Company’s operations, policies or practices. Mr. Jalan did not serve on any committee of the Board.
Mr. Jalan occupied a seat on the Board pursuant to a designation by SVF II WW Holdings (Cayman) Limited (formerly known as SB WW Holdings (Cayman) Limited) (“SVFWW”) under the Stockholders Agreement dated October 20, 2021, by and among the Company, BowX Sponsor, LLC, SVFWW, SVF Endurance (Cayman) Limited and Benchmark Capital Partners VII (AIV), L.P. (the “Stockholders Agreement”). Pursuant to the Stockholders Agreement, SVFWW designated Vikas Parekh to fill the vacancy on the Board created by Mr. Jalan’s resignation. Upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Mr. Parekh as a member of the Board, effective November 30, 2022.
Mr. Parekh is a Managing Partner at SoftBank Investment Advisers where he focuses on investing in enterprise software, robotics, automation, and other emerging technologies. He serves as a director across multiple public and private company boards, including Symbotic. Prior to joining SoftBank in 2016, Vikas worked in private equity at KKR, and at Boston Consulting Group. He has an MBA from Harvard Business School where he was a George F. Baker Scholar, and an MS and BSc in Electrical & Computer Engineering from Georgia Institute of Technology. Vikas resides in San Francisco with his wife and three children.
The Company is a party to various transactions with SVFWW and other related parties, as described under the “Certain Relationships and Related Person Transactions” section and the “Subsequent Events” sub-section under “Financial Statements and Supplementary Data” in the Company’s registration statements on Form S-1 (File Nos. 333-260976 and 333-264085), as amended and supplemented, each of which section is incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure. |
On December 2, 2022, the Company issued a press release announcing the appointment of Vikas Parekh to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press release issued by WeWork Inc. on December 2, 2022. | |
| 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| WEWORK INC. | ||||||
| By: | /s/ Jared DeMatteis | |||||
| Date: December 2, 2022 | Name: | Jared DeMatteis | ||||
| Title: | Chief Legal Officer | |||||
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 12/2/22 | |||
| 11/30/22 | ||||
| For Period end: | 11/29/22 | 424B3, 8-K | ||
| 10/20/21 | 25, 3, 4, 425, 8-A12B, 8-K, 8-K/A, CERT | |||
| List all Filings | ||||