TrueCar files amendment detailing CEO Michael Darrow's separation agreement after termination

TrueCar, Inc.

CEO Michael Darrow terminated effective June 15, 2023; separation agreement signed same day.
Compensation Committee approved terms of separation agreement on June 14, 2023.
Severance benefits consistent with Darrow's March 2020 employment agreement for termination without cause.
Original 8-K reported termination; amendment provides details on post-termination agreement.

item 5.02

Executive movements

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Departed

Michael Darrow

President and Chief Executive Officer

TrueCar, Inc.

Effective: 2023-06-15
Filed: June 16, 2023, 7:59 PM ET

the Company had terminated the employment of Michael Darrow as President and Chief Executive Officer of the Company effective June 15, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Darrow was terminated as President and Chief Executive Officer at TrueCar, Inc..

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

the Company had terminated the employment of Michael Darrow as President and Chief Executive Officer of the Company effective June 15, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-072339

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