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- Departure of CFO (new) — The company terminated CFO Jason Pello with minimal notice (3 days), which may signal internal issues or strategic disagreements.
Nerdy replaces CFO Jason Pello with Atul Bagga in abrupt leadership change
Filed April 6, 2026 · Period ending April 3, 2026 · ~1 min read
Key Changes
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high
CFO Jason Pello was terminated with just 3 days notice (notified March 31, effective April 3), suggesting company-initiated departure rather than voluntary resignation. New CFO Atul Bagga starts April 6.
Item 5.02 verify on EDGAR → -
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New CFO Atul Bagga brings tech sector experience from JLL Technologies, Amazon Web Services, and Zynga. His background in e-commerce and technology finance may signal strategic shift.
Item 5.02 verify on EDGAR → -
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Bagga receives $500K salary, 50% target bonus, and 1.5 million restricted stock units vesting quarterly over 3 years. The RSU grant represents meaningful shareholder dilution.
Item 5.02 verify on EDGAR → -
medium
Executive Services Agreement with Bagga was signed February 23, 2026—over a month before the CFO change was announced—indicating this transition was planned in advance.
Item 5.02, Exhibit 10.1 verify on EDGAR →
Summary
Nerdy Inc. abruptly replaced its Chief Financial Officer, notifying Jason Pello on March 31 that his role would end April 3—just three days later. The company appointed Atul Bagga as the new CFO effective April 6. The tight timeline and company-initiated nature of Pello's departure raises questions about what prompted the sudden change in financial leadership.
Bagga brings relevant experience from technology companies including Amazon Web Services, Zynga, and most recently JLL Technologies, where he served as CFO. His compensation package includes a $500,000 base salary and 1.5 million restricted stock units that vest quarterly over three years, representing significant equity dilution for existing shareholders.
Notably, Bagga signed his employment agreement on February 23—over a month before the announcement—indicating this transition was planned well in advance even as Pello remained in the role. Investors should watch for any explanation of why the company made this leadership change and whether Bagga's appointment signals a shift in financial strategy or operations. The next earnings call and any subsequent SEC filings may provide clarity on the circumstances behind Pello's departure and the company's direction under new financial leadership.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 31, 2026, Jason Pello, our Chief Financial Officer, was notified of the Company’s decision to engage a new Chief Financial Officer effective April 6, 2026 and to end his service as Chief Financial Officer effective April 3, 2026.
Jason Pello was removed as CFO effective April 3, 2026, after being notified on March 31, 2026. The company initiated this change to bring in new financial leadership. The abrupt timing suggests this was a company-initiated departure rather than a voluntary resignation.
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Executive Services Agreement, dated as of February 23, 2026, by and between Atul Bagga and Nerdy Inc, Nerdy LLC, and Live Learning Technologies Shared Resources LLC.
The company entered into an Executive Services Agreement with Atul Bagga on February 23, 2026. This is a management contract or compensatory arrangement involving multiple Nerdy entities. The specific terms, role, and compensation details are contained in the attached exhibit, but the 8-K itself does not disclose those details.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify