Toast Appoints New CEO, Board Changes
Ticker: TOST · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1650164
| Field | Detail |
|---|---|
| Company | Toast, Inc. (TOST) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.000001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, ceo-appointment, board-appointment
TL;DR
Toast CEO Zabusky out, Comparato in. Griffith joins board.
AI Summary
Toast, Inc. announced on June 20, 2024, the appointment of Christopher J. Comparato as Chief Executive Officer, effective immediately. He previously served as President and Chief Operating Officer. The company also announced the departure of its former CEO, Jonathan A. Zabusky, who will transition to an advisory role until August 15, 2024. Additionally, Toast appointed Tricia Griffith, CEO of The Progressive Corporation, to its Board of Directors.
Why It Matters
This leadership transition at Toast, a key player in the restaurant technology space, could signal shifts in strategic direction and operational focus.
Risk Assessment
Risk Level: medium — Leadership changes, especially CEO transitions, can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Toast, Inc. (company) — Registrant
- Christopher J. Comparato (person) — Appointed CEO
- Jonathan A. Zabusky (person) — Departing CEO
- Tricia Griffith (person) — Appointed to Board of Directors
- The Progressive Corporation (company) — Company where Tricia Griffith is CEO
- June 20, 2024 (date) — Effective date of changes
- August 15, 2024 (date) — Zabusky's advisory role end date
FAQ
Who has been appointed as the new CEO of Toast, Inc.?
Christopher J. Comparato has been appointed as the new CEO of Toast, Inc., effective June 20, 2024.
Who is the departing CEO of Toast, Inc. and what is their new role?
Jonathan A. Zabusky is the departing CEO and will transition to an advisory role until August 15, 2024.
When did the leadership changes at Toast, Inc. become effective?
The leadership changes at Toast, Inc. became effective on June 20, 2024.
Who has been appointed to Toast, Inc.'s Board of Directors?
Tricia Griffith, CEO of The Progressive Corporation, has been appointed to Toast, Inc.'s Board of Directors.
What is the duration of Jonathan A. Zabusky's advisory role?
Jonathan A. Zabusky's advisory role will last until August 15, 2024.
Filing Stats: 543 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-25 16:30:27
Key Financial Figures
- $0.000001 — tered Class A common stock, par value $0.000001 per share TOST New York Stock Exchange
Filing Documents
- tost-20240620.htm (8-K) — 24KB
- 0001650164-24-000226.txt ( ) — 144KB
- tost-20240620.xsd (EX-101.SCH) — 2KB
- tost-20240620_lab.xml (EX-101.LAB) — 21KB
- tost-20240620_pre.xml (EX-101.PRE) — 12KB
- tost-20240620_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 25, 2024 TOAST, INC. By: /s/ Brian R. Elworthy Name: Brian R. Elworthy Title: General Counsel and Corporate Secretary