---
schema_version: "secwatch.filing_event.v1"
accession: "0001639825-23-000154"
form_type: "8-K/A"
ticker: "PTON"
cik: "0001639825"
company_name: "PELOTON INTERACTIVE, INC."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:50:11.410193+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peloton CPO Tom Cortese to step down, Nick Caldwell appointed as successor

## Summary
- Cortese transitions to non-executive advisor role effective Oct 31, 2023; Nick Caldwell appointed CPO effective Nov 1, 2023.
- Cortese receives $1M base salary through advisory period ending May 16, 2024, with RSUs continuing to vest.
- Cortese forfeits options on ~1.16M Class A shares; retains fully vested options on ~2.23M Class B shares.
- Cortese eligible for severance benefits under Severance Plan if terminated without cause after advisory period.
- Transition agreement includes non-disparagement and return of company property obligations.

## SEC filing metadata
- accession: 0001639825-23-000154
- form_type: 8-K/A
- ticker: PTON
- cik: 0001639825
- company_name: PELOTON INTERACTIVE, INC.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639825/000163982523000154/0001639825-23-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639825/000163982523000154/pton-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001639825-23-000154
- JSON: https://secwatch.observer/filing/0001639825-23-000154.json
- Plain text: https://secwatch.observer/filing/0001639825-23-000154.txt

## Key facts
- Executive change
  Nick Caldwell was appointed as Chief Product Officer at PELOTON INTERACTIVE, INC..
  - Action: appointed
  - Role: Chief Product Officer
  source text: Nick Caldwell will succeed him as the Chief Product Officer of the Company on November 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639825/000163982523000154/0001639825-23-000154-index.htm
- Executive change
  Tom Cortese changed role as Chief Product Officer at PELOTON INTERACTIVE, INC..
  - Action: transition to non-executive advisory role
  - Role: Chief Product Officer
  source text: Tom Cortese will transition to a non-executive advisory role at the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639825/000163982523000154/0001639825-23-000154-index.htm

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