CEO Jeff Clementz departs Shift Technologies; receives $400K severance plus benefits

SHIFT TECHNOLOGIES, INC.

Jeff Clementz stepped down as CEO effective June 9, 2023; resigned from Board same day.
Continued as non-executive employee through July 1, 2023 (Separation Date).
Receives $400K lump sum, prorated 2023 bonus based on actual performance, and 18-month COBRA subsidy.
Remains available for transition assistance through August 31, 2023.
Company states departure not due to any disagreements over business, operations, or strategy.

item 5.02 item 9.01

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Departed

Jeff Clementz

Chief Executive Officer

SHIFT TECHNOLOGIES, INC.

Effective: 2023-06-09
Filed: July 25, 2023, 7:59 PM ET

transition of Jeff Clementz from the Company as its Chief Executive Officer, effective June 9, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeff Clementz resigned as Chief Executive Officer at SHIFT TECHNOLOGIES, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

transition of Jeff Clementz from the Company as its Chief Executive Officer, effective June 9, 2023

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-23-059678

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