---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-26-000061"
form_type: "8-K/A"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2026-10-15T21:13:07+00:00"
generated_at: "2026-10-15T21:14:03.462099+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Lemonade CFO Tim Bixby to move to board Jan 1, 2027; Nick Stead named CFO at $412,500 salary

## Summary
- Bixby continues as CFO through January 1, 2027, then becomes a Class III director; transition letter gives no severance or separation payments.
- As non-employee director, Bixby gets a $50,000 annual cash retainer plus a $185,000 annual RSU award starting with the 2027 annual meeting; no initial equity award.
- Stead's employment agreement (signed October 12, 2026) sets annual base salary of $412,500 and 80,000 RSUs vesting quarterly over 4 years from March 1, 2027.
- Bixby's outstanding equity awards continue to vest during his board service, as the move is not a termination under the 2020 Incentive Award Plan.
- Amendment No. 1 to the July 29, 2026 Form 8-K supplies compensation terms not yet determined at the original filing.

## SEC filing metadata
- accession: 0001691421-26-000061
- form_type: 8-K/A
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2026-10-15T21:13:07+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142126000061/0001691421-26-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142126000061/lmnd-20260727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-26-000061
- JSON: https://secwatch.observer/filing/0001691421-26-000061.json
- Plain text: https://secwatch.observer/filing/0001691421-26-000061.txt

## Key facts
- Executive change
  Tim Bixby changed role as Class III Director at Lemonade, Inc..
  - Action: transitioned
  - Role: Class III Director
  source text: Compensation of Mr. Bixby as Class III member of the Board effective January 1, 2027 On October 12, 2026, the Company and Mr. Bixby entered into a transition letter agreement (the "Transition Agreement"). Pursuant to the Transition Agreement, Mr. Bixby will continue to serve as the CFO through January 1, 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1691421/000169142126000061/0001691421-26-000061-index.htm
- Executive change
  Nick Stead was appointed as Chief Financial Officer at Lemonade, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Compensation of Mr. Stead as CFO effective January 1, 2027 On October 12, 2026, the Company and Mr. Stead entered into an employment agreement (the "Employment Agreement") in connection with his appointment as CFO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1691421/000169142126000061/0001691421-26-000061-index.htm

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