secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001193125-23-187775
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarGurus appoints Manik Gupta to Board of Directors and Audit Committee
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- Gupta, Corporate VP of Microsoft Teams, appointed July 14, 2023; Board expanded to 7 directors.
- Receives $40,000 annual retainer plus $10,000 for Audit Committee, and 3,517 RSUs vesting July 14, 2024.
- Gupta brings ~25 years tech experience from Uber (CPO during 2019 IPO), Google, and Microsoft.
- CEO Jason Trevisan expects Gupta's product and platform scaling expertise to drive strategic momentum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000119312523187775/0001193125-23-187775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000119312523187775/d727040d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-187775

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