secwatch.observer — SEC 8-K summary
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Issuer:     TrueCar, Inc. (—)
CIK:        0001327318
Form:       8-K/A
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001327318-23-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327318/000132731823000025/0001327318-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327318/000132731823000025/true-20230614.htm
  HTML page:      https://secwatch.observer/filing/0001327318-23-000025

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