8-K
filed May 2, 2024, 7:59 PM ET
ticker PTON
CIK 0001639825
leadership
confidence high
sentiment neutral
materiality 0.70
Peloton CEO Barry McCarthy steps down; Boone and Bruzzo named Interim Co-CEOs
PELOTON INTERACTIVE, INC.
- Barry McCarthy resigns as President, CEO and Board Director effective May 2, 2024; becomes strategic advisor through Dec 31, 2024.
- McCarthy receives $50k/month for first 3 advisory months, then $5k/month, plus $3M stock option award and $1.25M separation cash.
- Karen Boone (former Chairperson) and Chris Bruzzo (Board director) appointed Interim Co-CEOs effective May 2, 2024.
- Jay Hoag named new Chairperson of Board; CEO search initiated.
- Interim Co-CEOs Boone and Bruzzo each get $150k/month base salary and $450k RSUs vesting monthly over 3 months.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Barry McCarthy changed role as President and Chief Executive Officer at PELOTON INTERACTIVE, INC..
- Action
- transitioned from
- Role
- President and Chief Executive Officer
Exact text from the filing
Effective as of the close of business on May 2, 2024, Mr. McCarthy will transition from President and Chief Executive Officer (“CEO”) of the Company to a non-executive, strategic advisory role.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Barry McCarthy resigned as Class I director at PELOTON INTERACTIVE, INC..
- Action
- resigned
- Role
- Class I director
Exact text from the filing
On April 27, 2024, Barry McCarthy notified Peloton Interactive, Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”) as a Class I director, effective April 28, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Karen Boone was appointed as Interim Co-Chief Executive Officer and co-President at PELOTON INTERACTIVE, INC..
- Action
- appointed
- Role
- Interim Co-Chief Executive Officer and co-President
Exact text from the filing
On May 2, 2024, the Company announced that Karen Boone, current Chairperson of the Board, and Chris Bruzzo, a Board director, have been appointed as Interim Co-CEOs and co-Presidents of the Company, and that Jay Hoag, a Board director, has been named Chairperson of the Board, effective May 2, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris Bruzzo was appointed as Interim Co-Chief Executive Officer and co-President at PELOTON INTERACTIVE, INC..
- Action
- appointed
- Role
- Interim Co-Chief Executive Officer and co-President
Exact text from the filing
On May 2, 2024, the Company announced that Karen Boone, current Chairperson of the Board, and Chris Bruzzo, a Board director, have been appointed as Interim Co-CEOs and co-Presidents of the Company, and that Jay Hoag, a Board director, has been named Chairperson of the Board, effective May 2, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jay Hoag was named as Chairperson of the Board at PELOTON INTERACTIVE, INC..
- Action
- named
- Role
- Chairperson of the Board
Exact text from the filing
On May 2, 2024, the Company announced that Karen Boone, current Chairperson of the Board, and Chris Bruzzo, a Board director, have been appointed as Interim Co-CEOs and co-Presidents of the Company, and that Jay Hoag, a Board director, has been named Chairperson of the Board, effective May 2, 2024.
View on SEC.gov
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