Short answer
Udemy, Inc. (UDMY) filed an 8-K current report with the SEC on May 11, 2026 reporting Item 1.02 (Termination of a Material Definitive Agreement), Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 3.01 (Notice of Delisting), Item 5.01 (Changes in Control of Registrant), Item 5.02 (Departure/Election of Directors or Officers), Item 5.03 (Amendments to Articles of Incorporation or Bylaws), Item 8.01 (Other Events). $200 million secured revolving facility terminated at merger closing.
- This filing includes Item 3.01, an item that often signal trouble.
Udemy, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.02 · Termination of a Material Definitive Agreement
- $200 million secured revolving facility terminated at merger closing
- No loans outstanding at closing, eliminating associated debt obligations
- All obligations paid in full and related liens released
- Termination removes borrowing capacity and collateral encumbrances post-merger
Item 3.01 · Notice of Delisting
- Udemy Common Stock trading suspended on Nasdaq before the Closing Date
- Form 25 filing initiates Nasdaq delisting and Section 12(b) deregistration
- Delisting effective 10 days after Form 25 filing
- Planned Form 15 filing would terminate registration and suspend ongoing SEC reporting obligations
Item 5.01 · Changes in Control of Registrant
- Change in control completed at the merger closing
- Udemy continues as surviving corporation and direct wholly owned subsidiary of Coursera
- Coursera now controls Udemy, materially changing ownership and strategic direction for shareholders
Item 5.02 · Departure/Election of Directors or Officers
- All pre-transaction Udemy directors exited the board and its committees at closing
- Departures unrelated to disagreements over Udemy operations, policies, or practices
- Gregory M. Hart, Michael Foley, Alan B. Cardenas, and Marcelo C. Modica joined the surviving corporation’s board at closing
- Board replacement reflects ownership or control transition, with governance now under the surviving entity
Item 5.03 · Amendments to Articles of Incorporation or Bylaws
- Amended and restated certificate of incorporation became effective
- Amended and restated bylaws became effective concurrently
- Investor impact depends on governance and shareholder-rights changes detailed in Exhibits 3.1 and 3.2
Item 8.01 · Other Events
- Coursera’s post-closing board comprises 9 directors, establishing governance control after the merger
- Coursera selected 6 directors, including its chair and CEO
- Udemy received 3 board seats for Sohaib Abbasi, Marylou Maco and Lydia Paterson
- Board composition gives Coursera majority representation, while preserving Udemy-appointed oversight
Other items in this filing:
- Item 2.01: Completion of Acquisition or Disposition of Assets
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Udemy, Inc. 8-K filings
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