Lyft President Kristin Sverchek to depart August 20, 2024; will advise through Nov 30

Lyft, Inc.

Kristin Sverchek to step down as President effective Aug 20, 2024; will serve as advisor through Nov 30, 2024.
Departure not due to any dispute with management; she will receive severance benefits under existing plan.
Severance includes $650K salary, vesting of unvested RSUs, COBRA lump sum, and $487.5K prorated bonus.
Advisor agreement includes $10K monthly retainer and continued RSU vesting during consulting term.
Bylaws amended to make President position discretionary rather than mandatory.

item 5.02 item 5.03 item 9.01

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Departed

Kristin Sverchek

President

LYFT · Lyft, Inc.

Effective: 2024-08-20
Filed: July 23, 2024, 7:59 PM ET

On July 23, 2024, Lyft, Inc. (the “Company”) announced that Kristin Sverchek, the Company’s President, and the Company agreed to terms pursuant to which Ms. Sverchek will depart the Company as an employee effective August 20, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kristin Sverchek departed as President at Lyft, Inc..

Action: depart
Role: President

Exact text from the filing

On July 23, 2024, Lyft, Inc. (the “Company”) announced that Kristin Sverchek, the Company’s President, and the Company agreed to terms pursuant to which Ms. Sverchek will depart the Company as an employee effective August 20, 2024.

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Lyft, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-182862

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