8-K
filed March 27, 2023, 7:59 PM ET
ticker LYFT
CIK 0001759509
leadership
confidence high
sentiment neutral
materiality 0.80
Lyft co-founders step down; David Risher named CEO, effective April 17, 2023
Lyft, Inc.
- Co-founders Logan Green (CEO) and John Zimmer (President) transition from executive roles; Green becomes Chair, Zimmer becomes Vice Chair.
- David Risher appointed CEO effective April 17, 2023; previously Amazon SVP and Microsoft GM.
- Risher compensation: $725k salary, $1M guaranteed 2023 bonus, $3.25M signing bonus, 12.25M PSUs tied to stock price targets.
- Ashwin Raj steps down as EVP of Rideshare on May 22, 2023; will advise through Nov 30, 2023.
- Company reaffirms Q1 2023 revenue, Contribution Margin, and Adjusted EBITDA guidance; results expected early May.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Zimmer changed role as President at Lyft, Inc..
- Action
- transitioned from
- Role
- President
Exact text from the filing
John Zimmer, its co-founder and President, has decided to transition from his role as President, effective as of June 30, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Logan Green changed role as Chief Executive Officer at Lyft, Inc..
- Action
- transitioned from
- Role
- Chief Executive Officer
Exact text from the filing
Logan Green, its co-founder and Chief Executive Officer (“CEO”), has decided to transition from his role as CEO, effective as of April 17, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Risher was appointed as Chief Executive Officer at Lyft, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Company’s board of directors (the “Board”) appointed David Risher, a member of the Board since July 2021, to serve as CEO, effective as of April 17, 2023, and President and CEO, effective as of July 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sean Aggarwal was appointed as Lead Independent Director at Lyft, Inc..
- Action
- appointed
- Role
- Lead Independent Director
Exact text from the filing
Sean Aggarwal, the Company’s current Board Chair, has been appointed as Lead Independent Director, each effective as of April 17, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Logan Green was appointed as Chair of the Board at Lyft, Inc..
- Action
- appointed
- Role
- Chair of the Board
Exact text from the filing
Mr. Green has been appointed as Chair of the Board, and Sean Aggarwal, the Company’s current Board Chair, has been appointed as Lead Independent Director, each effective as of April 17, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Risher was appointed as President and Chief Executive Officer at Lyft, Inc..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
to serve as CEO, effective as of April 17, 2023, and President and CEO, effective as of July 1, 2023.
View on SEC.gov
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