On April 21, 2021, G. Thompson Hutton and Haim Sadger each tendered his resignation as a director of Lemonade, Inc., effective immediately. Mr. Hutton had served as a Class III director and Mr. Sadger had served as a Class II director. On April 21, 2021, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, appointed each of Silvija Martincevic and Irina Novoselsky to the Board to fill Mr. Hutton's and Mr. Sadger's newly vacant seats, respectively, effective immediately. Ms. Martincevic will serve as a Class III director for a term expiring at the Company's annual meeting of stockholders to be held in 2023 and Ms. Novoselsky will serve as a Class II director for a term expiring at the Company's annual meeting of stockholders to be held in 2022, in each case until her successor is duly elected and qualified or her earlier death, disqualification, resignation or removal. In connection with the appointment of Ms. Martincevic to the Board, she was appointed to serve on the Compensation Committee, effective immediately, to replace Mr. Sadger, and as a member of the Nominating and Corporate Governance Committee, effective immediately, to replace Mr. Hutton. In connection with the appointment of Ms. Novoselsky to the Board, she was appointed to serve on the Audit Committee, effective immediately, to replace Mr. Hutton. The Board also appointed Ms. Novoselsky as Chair of the Audit Committee.
Lemonade, Inc. offers renters, homeowners, car, pet, and life insurance. The Company's full stack insurance carriers, powered by artificial intelligence, in the United States and the European Union replace brokers and bureaucracy with bots and machine learning. The Company's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, collecting and deploying data. Its technology includes Data Advantage, AI Maya, AI Jim, CX.AI, Forensic Graph, Blender and Cooper. AI Maya, its onboarding and customer experience bot, uses natural language to guide customers in joining the Company. AI Jim, its claims bot, takes the first notice of loss from its customer making a claim, paying the claimant or declining the claim without human intervention. It offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Even its basic pet insurance offering covers blood tests, urinalysis, lab work, and computed tomography scans.