EverQuote, Inc 8-K, filed Nov 30, 2020
EverQuote, Inc. (EVER)
About this 8-K
EverQuote, Inc filed this 8-K on November 30, 2020, reporting on events of November 28, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Class A Common Stock, $0.001 par value per share |
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 28, 2020, the Board of Directors (the “Board”) of EverQuote, Inc. (the “Company”) appointed Jayme Mendal, the Company’s President, to serve as the Company’s Chief Executive Officer effective immediately. Mr. Mendal’s appointment was consistent with the Company’s succession plans and the Company’s by-laws, following the death of Seth Birnbaum on November 28, 2020. On November 28, 2020, the Board also appointed Jayme Mendal as a director to serve on the Board, effective immediately. Mr. Mendal shall serve on the Board until the Company’s 2021 annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.
Mr. Mendal, 35, was recently appointed the Company’s President in November 2020 and served as the Company’s Chief Operating Officer from February 2019 to November 2020, and previously served as the Company’s Chief Revenue Officer from September 2017 to February 2019. Before joining the Company, Mr. Mendal served as the vice president of sales and marketing at PowerAdvocate, Inc., an energy intelligence company, from May 2017 to September 2017. Prior to that, Mr. Mendal served in multiple positions at PowerAdvocate, Inc., including manager of corporate strategy from August 2013 to August 2014, director of corporate strategy and marketing from August 2014 to December 2015 and senior director of sales and marketing from June 2015 to May 2017. From August 2007 to July 2010, he was a management consultant within the growth strategy division of Monitor Deloitte (formerly Monitor Group). Mr. Mendal holds a B.S. degree in finance and economics from Washington University in St. Louis and an M.B.A. degree from Harvard Business School. We believe that Mr. Mendal is qualified to serve on the Board due to his in-depth knowledge of our business from his service in our senior executive leadership and the perspective he will bring to the Board as our President and Chief Executive Officer.
There are no arrangements or understandings between Mr. Mendal and any other persons pursuant to which he was selected as a director. Mr. Mendal has no family relationships with any of the Company’s directors or executive officers, and there are no transactions and no proposed transactions between Mr. Mendal and the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K. Additionally, there have been no changes to Mr. Mendal’s compensatory plans or arrangements in connection with his appointment described herein.
A copy of the press release issued by the Company on November 29, 2020 announcing Mr. Mendal’s appointment as Chief Executive Officer and a director is filed with this Current Report on Form 8-K as Exhibit 99.1.
| Item 8.01. | Other Events. |
On November 29, 2020, the Company issued a press release announcing the death of its Chief Executive Officer, Seth Birnbaum, on November 28, 2020. A copy of the press release is filed with this Current Report on Form 8-K as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 |
Press Release dated November 29, 2020 | |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVERQUOTE, INC. | ||||||
| Date: November 30, 2020 | By: | /s/ David Mason | ||||
| David Mason | ||||||
| Secretary and General Counsel | ||||||
Exhibit 99.1
EverQuote Mourns Sudden Passing of Co-Founder & CEO Seth Birnbaum
| • | President Jayme Mendal Appointed CEO and Director |
CAMBRIDGE, Mass., November 29, 2020 — EverQuote, Inc. (Nasdaq: EVER), today issued the following statement: “It is with immeasurable sadness that we announce that Seth Birnbaum, Co-Founder and CEO, unexpectedly and peacefully passed away yesterday at his home. Seth was a sincere and deeply caring husband, father, friend and colleague. The entire EverQuote team mourns his tragic passing. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Seth’s family. Seth was a genuine, dynamic leader whose remarkable passion, vision and tenacity attracted the world-class team we have in place today, which serves as the foundation for EverQuote’s success. We will be forever grateful for his entrepreneurial spirit and the welcoming and caring environment he cultivated.“
The Board of Directors implemented the company’s succession plan and appointed Jayme Mendal, the company’s President, as its Chief Executive Officer and a member of the Board of Directors. Mr. Mendal joined EverQuote in 2017 and previously served as our Chief Operating Officer and before that as Chief Revenue Officer. David Blundin will continue to serve as Chairman of the Board of Directors.
Mr. Blundin issued the following statement on behalf of the Board: “We have experienced a great loss at EverQuote, and we are heartbroken by Seth’s passing. We are confident that Jayme and the rest of the EverQuote leadership team will continue to successfully drive forward in executing on the company’s mission. Seth was a visionary leader, thoughtful colleague and dear friend of many. We honor his numerous contributions and will miss him immensely.”
About EverQuote
EverQuote operates a leading online insurance marketplace, connecting consumers with insurance providers. The company’s mission is to empower insurance shoppers to better protect life’s most important assets—their family, property, and future. Our vision is to use data and technology to make insurance simpler, more affordable and personalized ultimately reducing cost and risk.
For more information, visit everquote.com and follow on Twitter @everquotelife, Instagram @everquotepics, and LinkedIn https://www.linkedin.com/company/everquote/.
Investor Relations Contact:
Brinlea Johnson
The Blueshirt Group
212-331-8424
Brinlea@blueshirtgroup.com