secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001193125-21-300062
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000119312521300062/0001193125-21-300062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000119312521300062/d208612d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-300062

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