---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-300062"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2021-10-15T23:59:59+00:00"
generated_at: "2026-06-28T20:35:11.376313+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Toast appoints Michael Matlock as Chief Accounting Officer with $325K salary + RSUs

## Summary
- Michael Matlock, age 42, former EY partner, appointed as Chief Accounting Officer and Principal Accounting Officer.
- Base salary of $325,000 per year, one-time sign-on bonus of $75,000.
- Eligible for annual bonus equal to 30% of base salary.
- Grant of 250,000 RSUs with 4-year vesting: 25% on first anniversary, then quarterly.
- Indemnification agreement and change-in-control policy apply; no family relationships or arrangements.

## SEC filing metadata
- accession: 0001193125-21-300062
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2021-10-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000119312521300062/0001193125-21-300062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000119312521300062/d208612d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-300062
- JSON: https://secwatch.observer/filing/0001193125-21-300062.json
- Plain text: https://secwatch.observer/filing/0001193125-21-300062.txt

## Key facts
- Executive change
  Michael Matlock was appointed as Chief Accounting Officer at Toast, Inc..
  - Action: appointed
  - Role: Chief Accounting Officer
  source text: On October 13, 2021, the Board of Directors of Toast, Inc. (the “ Company ”) appointed Michael Matlock, age 42, to be the Company’s Chief Accounting Officer and Principal Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000119312521300062/0001193125-21-300062-index.htm

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