---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-059678"
form_type: "8-K"
ticker: null
cik: "0001762322"
company_name: "SHIFT TECHNOLOGIES, INC."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:15:07.884265+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-059678
- form_type: 8-K
- cik: 0001762322
- company_name: SHIFT TECHNOLOGIES, INC.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762322/000121390023059678/0001213900-23-059678-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762322/000121390023059678/ea182312-8k_shifttech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-059678
- JSON: https://secwatch.observer/filing/0001213900-23-059678.json
- Plain text: https://secwatch.observer/filing/0001213900-23-059678.txt

## Key facts
- Executive change
  Jeff Clementz resigned as Chief Executive Officer at SHIFT TECHNOLOGIES, INC..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: transition of Jeff Clementz from the Company as its Chief Executive Officer, effective June 9, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762322/000121390023059678/0001213900-23-059678-index.htm

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