secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K/A
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000950170-24-116597
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround CEO resigns, COO AJ Lee named interim CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024116597/0000950170-24-116597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024116597/getr-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116597

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