| 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.
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.
|
EXHIBIT INDEX
