---
schema_version: "secwatch.filing_event.v1"
accession: "0001468327-25-000021"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T09:59:49.635634+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Emil Michael resigns from Rent the Runway board; retention bonuses approved for CEO and CFO

## Summary
- Emil Michael resigned from the Board effective March 1, 2025, citing no disagreement with the company.
- Compensation Committee approved cash retention bonus program for FY2025 based 50% on active subscriber growth and 50% on continued service.
- CEO Jennifer Hyman target retention bonus of $1,500,000; CFO Siddharth Thacker target $420,000.
- Retention pays quarterly; termination without cause or for good reason after a transaction yields 25% of target.

## SEC filing metadata
- accession: 0001468327-25-000021
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000146832725000021/0001468327-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000146832725000021/wdq-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468327-25-000021
- JSON: https://secwatch.observer/filing/0001468327-25-000021.json
- Plain text: https://secwatch.observer/filing/0001468327-25-000021.txt

## Key facts
- Executive change
  Emil Michael resigned as Director at Rent the Runway, Inc..
  - Action: resigned
  - Role: Director
  source text: On February 28, 2025, Emil Michael, a member of the Board of Directors (the “Board”) of Rent the Runway, Inc. (the “Company”), tendered his resignation from the Board and all committees on which he served, in each case, effective as of March 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468327/000146832725000021/0001468327-25-000021-index.htm

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