---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-228134"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:00:25.080684+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Toast CEO Chris Comparato steps down Jan 1, 2024; COO Aman Narang appointed CEO

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-228134
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/0001193125-23-228134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/d556761d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-228134
- JSON: https://secwatch.observer/filing/0001193125-23-228134.json
- Plain text: https://secwatch.observer/filing/0001193125-23-228134.txt

## Key facts
- Executive change
  Christopher P. Comparato departed as Chairperson of the Board at Toast, Inc..
  - Action: stepped down
  - Role: Chairperson of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/0001193125-23-228134-index.htm
- Executive change
  Aman Narang was appointed as Chief Executive Officer at Toast, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/0001193125-23-228134-index.htm
- Executive change
  Mark Hawkins was appointed as Chairperson of the Board at Toast, Inc..
  - Action: appointed
  - Role: Chairperson of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/0001193125-23-228134-index.htm
- Executive change
  Christopher P. Comparato departed as Chief Executive Officer at Toast, Inc..
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/0001193125-23-228134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.