secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K/A
Filed at:   2026-10-15T21:13:07+00:00
Accession:  0001691421-26-000061
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142126000061/0001691421-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142126000061/lmnd-20260727.htm
  HTML page:      https://secwatch.observer/filing/0001691421-26-000061

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