secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2026-05-13T11:31:24+00:00
Accession:  0000950103-26-007131
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway CEO Jennifer Hyman resigns; Teri Bariquit appointed interim CEO effective May 15
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- Co-founder Jennifer Hyman steps down as CEO, President and Board member effective May 15, 2026; will remain advisor through Jan 2027 at $62,500/month.
- Teri Bariquit, former Nordstrom CMO and current Board member, appointed interim CEO and President; receives $50,000/month plus up to $125,000 annual bonus and 100,000 PSUs.
- Hyman receives $1.5875M closing payment vesting, acceleration of 103,047 RSUs, and a lifetime subscription to the rental service as part of separation.
- Board will conduct a search for a permanent CEO; company reaffirms full-year 2026 financial guidance issued on April 14, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000095010326007131/0000950103-26-007131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000095010326007131/dp246596_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-007131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer