Getaround CEO resigns, COO AJ Lee named interim CEO

Getaround, Inc

CEO Eduardo Iniguez resigned Oct 15, 2024 for personal reasons; settlement provides $18,818 for COBRA coverage through Apr 2025.
COO AJ Lee appointed interim CEO effective Oct 15; he continues as COO.
Lee receives $450K base salary, $225K target bonus, $50K signing bonus (repayable if leaves before 1 year).
Lee granted option to purchase 1,390,000 shares at $0.25 or grant date close, vesting over 4 years.
Severance: 50% base salary if terminated without cause; only accrued benefits if for cause or resignation.

item 5.02 item 9.01

Executive movements

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Appointed (interim)

Albert Joon Lee

Interim Chief Executive Officer

Getaround, Inc

Effective: 2024-10-15
Filed: October 23, 2024, 7:59 PM ET

On October 15, 2024, the Board appointed Albert Joon (“AJ”) Lee, the Company’s current Chief Operating Officer, as the Company’s Interim Chief Executive Officer, effective as of such date.

Departed

Eduardo Iniguez

member of the Board of Directors

Getaround, Inc

Effective: 2024-10-15
Filed: October 23, 2024, 7:59 PM ET

On October 15, 2024, Eduardo Iniguez, the Chief Executive Officer of Getaround, Inc. (the “Company”), resigned from his position as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective as of such date.

Departed

Eduardo Iniguez

Chief Executive Officer

Getaround, Inc

Effective: 2024-10-15
Successor: Albert Joon Lee
Filed: October 23, 2024, 7:59 PM ET

On October 15, 2024, Eduardo Iniguez, the Chief Executive Officer of Getaround, Inc. (the “Company”), resigned from his position as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective as of such date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Albert Joon Lee was appointed as Interim Chief Executive Officer at Getaround, Inc.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On October 15, 2024, the Board appointed Albert Joon (“AJ”) Lee, the Company’s current Chief Operating Officer, as the Company’s Interim Chief Executive Officer, effective as of such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Eduardo Iniguez resigned as member of the Board of Directors at Getaround, Inc.

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

On October 15, 2024, Eduardo Iniguez, the Chief Executive Officer of Getaround, Inc. (the “Company”), resigned from his position as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective as of such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Eduardo Iniguez resigned as Chief Executive Officer at Getaround, Inc.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On October 15, 2024, Eduardo Iniguez, the Chief Executive Officer of Getaround, Inc. (the “Company”), resigned from his position as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective as of such date.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-24-116597

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