Nerdy Inc. 8-K

What Happened
Nerdy Inc. (NRDY) filed an 8-K on April 6, 2026 reporting a change in its executive management. Jason Pello was notified that his service as Chief Financial Officer ended effective April 3, 2026. Effective April 6, 2026, Nerdy appointed Atul M. Bagga as its new Chief Financial Officer. Mr. Bagga joins from JLL Technologies (JLL) and previously held senior finance roles at Amazon Web Services and Zynga.

Key Details

• Departure: Jason Pello’s CFO service ended effective April 3, 2026.
• Appointment: Atul M. Bagga named CFO effective April 6, 2026.
• Compensation: Base salary $500,000; annual target cash bonus of at least 50% of base (50% for 2026, prorated); equity award of 1,500,000 restricted stock units (grant date April 15, 2026) vesting quarterly pro rata over three years.
• Background & governance: Mr. Bagga is 55, has prior roles at JLL, AWS, Zynga and holds MBAs (UC Berkeley Haas and NMIMS) and a Bachelor of Engineering. Company disclosed no related-party arrangements or family relationships related to his appointment.

Why It Matters
A CFO change is material for investors because it affects financial leadership and execution of company strategy. The filing provides concrete compensation and equity terms, showing management’s alignment incentives (large RSU grant with multi-year vesting). The disclosure of Mr. Bagga’s background in large tech and finance teams (JLL, AWS, Zynga) gives investors context about his experience overseeing finance and planning functions.