secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001193125-23-189230
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Toast removes $0.99 digital ordering fee after customer backlash; guidance unchanged
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- Company removes $0.99 order processing fee from new digital ordering suite by end of week.
- CEO Chris Comparato states fee was wrong, customer feedback drove reversal.
- Toast reaffirms no material impact to Q2 2023 or full-year 2023 guidance.
- Fee removal applies to Toast digital ordering channels; no other pricing changes announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000119312523189230/0001193125-23-189230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000119312523189230/d510414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-189230

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