secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228134
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/0001193125-23-228134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000119312523228134/d556761d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228134

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