---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-072339"
form_type: "8-K/A"
ticker: null
cik: "0001327318"
company_name: "TrueCar, Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:25:55.240352+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-072339
- form_type: 8-K/A
- cik: 0001327318
- company_name: TrueCar, Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327318/000110465923072339/0001104659-23-072339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327318/000110465923072339/tm2319028d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-072339
- JSON: https://secwatch.observer/filing/0001104659-23-072339.json
- Plain text: https://secwatch.observer/filing/0001104659-23-072339.txt

## Key facts
- Executive change
  Michael Darrow was terminated as President and Chief Executive Officer at TrueCar, Inc..
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: the Company had terminated the employment of Michael Darrow as President and Chief Executive Officer of the Company effective June 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327318/000110465923072339/0001104659-23-072339-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.