Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 9, 2021, the Board of Directors (the "Board") of Lyft, Inc. (the
"Company") appointed John David Risher to serve as a member of the Board. Mr.
Risher is also being appointed as a member of the Nominating and Corporate
Governance Committee of the Board.
Mr. Risher co-founded Worldreader, a non-profit organization, and has served as
its Chief Executive Officer since November 2009 and as Board President since
March 2010. Prior to Worldreader, Mr. Risher served as Senior Vice President, US
Retail at Amazon.com, Inc. an e-commerce company. Prior to joining Amazon, he
served as a General Manager at Microsoft Corporation, a software company. Mr.
Risher currently serves on the boards of directors of a number of privately-held
and non-profit companies. Mr. Risher holds a B.A. in Comparative Literature from
Princeton University, an M.B.A. from Harvard Business School and an honorary
Ph.D. from Wilson College.
There are no arrangements or understandings between Mr. Risher and any other
person pursuant to which Mr. Risher was appointed to serve on the Board. There
are no family relationships between Mr. Risher and any other director or
executive officer of the Company, and there have been no transactions between
Mr. Risher and the Company in the last fiscal year, and none are currently
proposed, that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Risher 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 28,
2021. In accordance with the Company's customary practice, the Company will also
enter into its standard form of indemnification agreement with Mr. Risher, which
agreement 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.
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