secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001193125-23-265747
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarGurus appoints Elisa Palazzo as CFO effective Dec 4, 2023; Trevisan steps down as principal financial officer
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- Elisa Palazzo named CFO; brings ~20 years experience from Talkspace, Hudson Executive Capital, and earlier roles.
- Compensation: $390K base salary, target bonus up to $250K, $50K sign-on bonus (recoupable if leave <12 months).
- Equity grant: $2M in RSUs vesting 25% on first anniversary, then quarterly; full acceleration on change of control.
- Relocation expenses up to $150K with recoupment provisions over two years.
- Jason Trevisan will cease serving as principal financial and accounting officer as of the start date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000119312523265747/0001193125-23-265747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000119312523265747/d569839d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-265747

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