Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 1, 2023, the Board of Directors (the "Board") of Lyft, Inc. (the
"Company") appointed David E. Stephenson to serve as a member of the Board as a
Class I director, with a term of office expiring at the Company's 2023 Annual
Meeting of Stockholders. Mr. Stephenson has also been appointed as a member of
the Audit Committee of the Board.
Mr. Stephenson has served as the Chief Financial Officer of Airbnb, Inc. since
January 2019 and its Head of Global Employee Experience since August 2021. Prior
to joining Airbnb, Mr. Stephenson spent 17 years at Amazon.com, Inc., where he
was most recently Vice President and Chief Financial Officer of their Worldwide
Consumer Organization from June 2015 to December 2018. Before that, from
September 2013 to June 2015, Mr. Stephenson was the Chief Financial Officer of
Amazon's International Consumer business and led finance across many areas of
the company. Mr. Stephenson served as President and Chief Financial Officer of
Big Fish Games, Inc., a gaming company, from September 2011 to September 2013.
Mr. Stephenson holds a B.S. in Industrial and Management Engineering from
Montana State University and a M.B.A. from the University of Iowa.
There are no arrangements or understandings between Mr. Stephenson and any other
person pursuant to which Mr. Stephenson was appointed to serve on the Board.
There are no family relationships between Mr. Stephenson and any other director
or executive officer of the Company, and there have been no transactions between
Mr. Stephenson and the Company since the beginning of the last fiscal year, and
none are currently proposed, that would require disclosure under Item 404(a) of
Regulation S-K.
Mr. Stephenson will receive the standard compensation available to the Company's
current non-employee directors, which is discussed in the Company's Proxy
Statement filed with the Securities and Exchange Commission ("SEC") on April 29,
2022. In accordance with the Company's customary practice, the Company will also
enter into its standard form of indemnification agreement with Mr. Stephenson,
which is filed as Exhibit 10.1 to the Company's Registration Statement on Form
S-1 (File No. 333-229996) filed with the SEC on March 1, 2019.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
LYFT, INC. 
