secwatch.observer — SEC 8-K summary
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Issuer:     Lyft, Inc. (LYFT)
CIK:        0001759509
Form:       8-K
Filed at:   2026-09-09T12:02:16+00:00
Accession:  0001628280-26-061020
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lyft names Michael Brous CFO effective Sept 28; Erin Brewer retires, stays as advisor
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- Michael Brous appointed CFO effective Sept 28, 2026; Erin Brewer retires and advises through Dec 15, 2026.
- Brous receives $650k base salary, 50% target bonus, RSUs worth ~$2.775M, PSUs ~$775k, $11,250/mo housing stipend.
- Brous joined via Motivate acquisition in 2018; led Lyft Urban Solutions with 195k bikes across 55 systems.
- Lyft reaffirms Q3 2026 guidance for Gross Bookings, Adjusted EBITDA, and margin; no figures provided.
- Brewer's tenure: achieved GAAP profitability and generated over $2B free cash flow since 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759509/000162828026061020/0001628280-26-061020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759509/000162828026061020/lyft-20260906.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-061020

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