TrueCar files CEO employment terms: $500K base, $1.5M RSU grant, $3.4M recommended 2024 LTI

TrueCar, Inc.

Jantoon Reigersman appointed President & CEO effective June 15, 2023, and to the Board on July 27, 2023.
Base salary $500,000; annual bonus target of 100% of base salary.
Promotion RSU grant of $1.5M (663,716 units) vests 1/3 on each June 15 from 2024-2026.
Company recommends 2024 LTI of $3.4M: 40% time-based RSUs, 60% performance-based RSUs.
Severance: 12 months base + full target bonus (pre-Change in Control); 24 months + 2x bonus (post-Change in Control).

item 5.02 item 9.01

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Appointed

Jantoon Reigersman

President and Chief Executive Officer

TrueCar, Inc.

Effective: 2023-06-15
Filed: August 1, 2023, 7:59 PM ET

the Company had appointed Jantoon Reigersman as President and Chief Executive Officer of the Company and designated him the Company’s “principal executive officer,” effective June 15, 2023.

Appointed

Jantoon Reigersman

Director

TrueCar, Inc.

Effective: 2023-07-27
Filed: August 1, 2023, 7:59 PM ET

Effective July 27, 2023, the Board appointed Mr. Reigersman to the Board, filling a vacancy caused by the resignation of Mr. Darrow from the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Jantoon Reigersman was appointed as President and Chief Executive Officer at TrueCar, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Company had appointed Jantoon Reigersman as President and Chief Executive Officer of the Company and designated him the Company’s “principal executive officer,” effective June 15, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jantoon Reigersman was appointed as Director at TrueCar, Inc..

Action: appointed
Role: Director

Exact text from the filing

Effective July 27, 2023, the Board appointed Mr. Reigersman to the Board, filling a vacancy caused by the resignation of Mr. Darrow from the Board.

View on SEC.gov

Source: SEC EDGAR

accession 0001327318-23-000025

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