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AI brief of an SEC Form 8-K · Upland Software, Inc. (UPLD)

Upland Software waives 4.5% Series A preferred dividend accrual from October 1, 2026

Positive Impact 3 of 5 financing

Upland Software entered a Dividend Waiver Agreement with Ulysses Aggregator, LP, an affiliate of HGGC and holder of all 115,000 Series A Convertible Preferred shares, under which dividend accrual on the preferred stock is waived for an indefinite period effective October 1, 2026. The company expects the waiver to improve net income attributable to common stockholders and per-share results beginning in the fourth quarter of 2026, and the filing gives no dollar amount for the waived dividends.

Key points

  • Ulysses Aggregator, LP, an affiliate of HGGC, holds all 115,000 outstanding Series A Preferred shares.
  • Series A dividends accrue at 4.5% per year, paid in kind; waiver is effective October 1, 2026.
  • Waived dividends are permanently forgiven, even if the waiver is revoked by a majority of Series A holders on 30 days' notice.
  • Upland expects the full quarterly benefit beginning in the fourth quarter of 2026.

The filing

CompanyUpland Software, Inc. (UPLD)
Form8-K, current report
Filed with the SECNov 9, 2026, 5:29 PM ET
Accession number0001505155-26-000083

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:16 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.