UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 25, 2026
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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 January 25, 2026, the Board of Directors (the “Board”) of Lyft, Inc. (the “Company”) appointed Deborah Hersman to serve as a member of the Board, effective immediately. She will serve as a Class I director with a term of office expiring at the Company’s 2026 Annual Meeting of Stockholders. Ms. Hersman has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board, effective immediately.
From 2004 to 2014, Ms. Hersman served as a member of the board of directors and from 2009 to 2014 as chair of the National Transportation Safety Board. From 2014 to 2019, she served as President and Chief Executive Officer of the National Safety Council, a nonprofit organization focused on workplace and roadway safety advocacy. From January 2019 to February 2021, Ms. Hersman served as Chief Safety Officer and Advisor at Waymo LLC, an autonomous driving technology company and an independent company of Google’s parent company, Alphabet Inc. Previously, she served in a professional staff role for the U.S. Senate Commerce, Science and Transportation Committee. Ms. Hersman has served as a member of the board of directors of ONE Gas, Inc., a natural gas utility company, since June 2023 and will serve as Chair starting in May 2026, and NiSource Inc., an electric and gas utility company, since June 2019. In the past five years, she also served as a member of the board of directors of Velodyne Lidar, Inc., a lidar technology company. Ms. Hersman holds a B.A. in Political Science and International Studies from Virginia Tech, and a M.S. in Conflict Analysis and Resolution from George Mason University.
Ms. Hersman was selected to serve on the Board because of her significant operating experience in the autonomous vehicles industry, safety and regulatory expertise and public company board experience.
There are no arrangements or understandings between Ms. Hersman and any other person pursuant to which Ms. Hersman was appointed to serve on the Board. There are no family relationships between Ms. Hersman and any other director or executive officer of the Company. There have been no transactions between Ms. Hersman and the Company since the beginning of the last fiscal year, and none are currently proposed, that would require disclosure under Item 404(a) of Regulation S-K.
Ms. Hersman will receive the standard compensation available to the Company’s non-employee directors, which is described in the Company’s Proxy Statement filed with the Securities and Exchange Commission (“SEC”) on April 24, 2025. In accordance with the Company’s customary practice, the Company will also enter into its standard form of indemnification agreement with Ms. Hersman, which 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.
SIGNATURE
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.
| LYFT, INC. | ||||||||
| Date: | January 27, 2026 | /s/ Kevin C. Chen | ||||||
| Kevin C. Chen | ||||||||
| Assistant Secretary | ||||||||