Peloton appoints Barry McCarthy as CEO; Foley becomes Executive Chair; two new directors

PELOTON INTERACTIVE, INC.

Barry McCarthy (ex-Spotify/Netflix CFO) named CEO and President effective Feb 9, 2022; also joins Board.
Co-founder John Foley becomes Executive Chair; William Lynch transitions from President to non-executive director.
Board expands to nine; Angel L. Mendez (supply chain) and Jonathan Mildenhall (marketing) appointed; Erik Blachford resigns.
McCarthy receives 8M-share stock option award, $1M base salary, relocation and legal reimbursements.
Company cites need for sustainable growth and profitability; McCarthy's background in subscription business models.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jonathan Mildenhall

Director

PTON · PELOTON INTERACTIVE, INC.

Effective: 2022-02-08
Filed: February 8, 2022, 6:59 PM ET

the Board increased the size of the Board from seven to nine directors and appointed each of Angel L. Mendez and Jonathan Mildenhall to the Board, in each case, effective as of the Effective Date.

Appointed

Angel L. Mendez

Director

PTON · PELOTON INTERACTIVE, INC.

Effective: 2022-02-08
Filed: February 8, 2022, 6:59 PM ET

the Board increased the size of the Board from seven to nine directors and appointed each of Angel L. Mendez and Jonathan Mildenhall to the Board, in each case, effective as of the Effective Date.

Departed

Erik Blachford

Director

PTON · PELOTON INTERACTIVE, INC.

Effective: 2022-02-08
Filed: February 8, 2022, 6:59 PM ET

On February 5, 2022, Erik Blachford notified the Peloton Interactive, Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”) as a Class I director and from the Board’s Compensation Committee (the “Compensation Committee”) and its Nominating, Governance and Corporate Responsibility Committee (the “NCGR Committee”), in each case, effective on February 8, 2022 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Mildenhall was appointed as Director at PELOTON INTERACTIVE, INC..

Action: appointed
Role: Director

Exact text from the filing

the Board increased the size of the Board from seven to nine directors and appointed each of Angel L. Mendez and Jonathan Mildenhall to the Board, in each case, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Angel L. Mendez was appointed as Director at PELOTON INTERACTIVE, INC..

Action: appointed
Role: Director

Exact text from the filing

the Board increased the size of the Board from seven to nine directors and appointed each of Angel L. Mendez and Jonathan Mildenhall to the Board, in each case, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Erik Blachford resigned as Director at PELOTON INTERACTIVE, INC..

Action: resigned
Role: Director

Exact text from the filing

On February 5, 2022, Erik Blachford notified the Peloton Interactive, Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”) as a Class I director and from the Board’s Compensation Committee (the “Compensation Committee”) and its Nominating, Governance and Corporate Responsibility Committee (the “NCGR Committee”), in each case, effective on February 8, 2022 (the “Effective Date”).

View on SEC.gov

PELOTON INTERACTIVE, INC. filing history →

Source: SEC EDGAR

accession 0001639825-22-000014

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