8-K
filed September 5, 2023, 7:59 PM ET
ticker TOST
CIK 0001650164
leadership
confidence high
sentiment neutral
materiality 0.70
Toast CEO Chris Comparato steps down Jan 1, 2024; COO Aman Narang appointed CEO
Toast, Inc.
- Chris Comparato steps down as CEO effective Jan 1, 2024; will remain on Board.
- Co-founder & COO Aman Narang appointed CEO, effective same date.
- Mark Hawkins, Lead Independent Director, becomes Chair of Board on Jan 1, 2024.
- Narang retains current $20k salary; severance terms set base salary at $250k.
- Comparato led growth to ~93k restaurant locations, IPO, >$1B ARR as of June 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher P. Comparato departed as Chairperson of the Board at Toast, Inc..
- Action
- stepped down
- Role
- Chairperson of the Board
Exact text from the filing
Mr. Comparato will also step down from his role as Chairperson of the Board at such time but plans to continue serving as a member of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Aman Narang was appointed as Chief Executive Officer at Toast, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed Aman Narang, the Company’s current Co-President, Co-Founder and Chief Operating Officer, to succeed Mr. Comparato as Chief Executive Officer of the Company, effective January 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Hawkins was appointed as Chairperson of the Board at Toast, Inc..
- Action
- appointed
- Role
- Chairperson of the Board
Exact text from the filing
the Board has appointed Mark Hawkins, Lead Independent Director and Chairperson of the Audit Committee of the Board, to serve as the Chairperson of the Board, effective January 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher P. Comparato departed as Chief Executive Officer at Toast, Inc..
- Action
- stepped down
- Role
- Chief Executive Officer
Exact text from the filing
Christopher P. Comparato, Chief Executive Officer and Chairperson of the Board of Toast, Inc. (the “Company”), informed the Company’s Board of Directors (the “Board”) that he will step down as Chief Executive Officer of the Company, effective January 1, 2024.
View on SEC.gov
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