UWM Holdings Corp 8-K, filed Feb 8, 2023
UWM Holdings Corp (UWMC)
8-K
2023-02-08
For: 2023-02-06
View Original
Added on
April 07, 2026
About this 8-K
UWM Holdings Corp filed this 8-K on February 8, 2023, reporting on events of February 6, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 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): February 6, 2023
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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
On February 6, 2023, UWM Holdings Corporation (the “Company”) appointed Andrew Hubacker to serve as the Company’s Executive Vice President, Chief Financial Officer and Chief Accounting Officer, effective immediately.
Mr. Hubacker, 51, has served as the Company’s Senior Vice President, Chief Accounting Officer and Interim Principal Financial Officer since June 2022. He has served as Senior Vice President and Chief Accounting Officer of the Company since October 2020. Previously, Mr. Hubacker spent 18 years at Deloitte & Touche, LLP, most recently serving for over 12 years as an audit partner. In addition, Mr. Hubacker spent five years at AOL, LLC, in various roles within the accounting division, including Vice President, Assistant Controller and from 1999 through 2002, served as an Assistant Chief Accountant at the Securities and Exchange Commission. Mr. Hubacker holds a B.A. degree from Michigan State University and has been a Certified Public Accountant since 1996.
In connection with his promotion to Executive Vice President, Chief Financial Officer and Chief Accounting Officer, the Compensation Committee has agreed to increase Mr. Hubacker’s base salary to $370,000 and increase his annual bonus target under the Company’s Captains Annual Bonus Plan to $330,000. Mr. Hubacker will also be eligible to participate in the Company’s Long-Term Incentive Plan. The Compensation Committee also approved a one-time promotion award consisting of a cash bonus and grant of restricted stock units, each in the amount of $125,000, upon Mr. Hubacker’s appointment as Executive Vice President, Chief Financial Officer and Chief Accounting Officer of the Company.
There are no other arrangements or understandings between Mr. Hubacker, on the one hand, and the Company or any other persons, on the other hand, pursuant to which Mr. Hubacker was appointed as Chief Financial Officer of the Company. There are no related party transactions between the Company and Mr. Hubacker (or any of his immediate family members) requiring disclosure under Item 404(a) of Regulation S-K. Mr. Hubacker does not have any family relationships with any of the Company’s directors or executive officers.
SIGNATURES
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 hereunto duly authorized.
| UWM HOLDINGS CORPORATION | |||||
| By: | /s/ Mat Ishbia | ||||
| Name: | Mat Ishbia | ||||
| Title: | Chief Executive Officer | ||||
Date: February 8, 2023