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Posted 17 January, 2023

HyreCar Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:HYRE in a 8-K filed on 17 January, 2023.


  On January 11, 2023, the Board of Directors (the "Board") of HyreCar Inc. (the "Company") appointed Eduardo Iniguez to serve as the Company's Chief Financial Officer. Mr. Iniguez had been serving as the Company's Interim Chief Financial Officer since September 30, 2022 and will continue to serve as the Company's Interim Chief Executive Officer in addition to his role as Chief Financial Officer.  

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Overview of HyreCar Inc.
Technology • Emerging Technologies
HyreCar, Inc. engages in the operation of a car-sharing marketplace. It also offers the renting of vehicle and other vehicle rental related services. The company was founded by Anshu Bansal and Abhishek Arora in September 2014 and is headquartered in Los Angeles, CA.
Market Cap
$0.03K
View Company Details
HyreCar Inc. by TradingView
Relevant filing section
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



 
On January 11, 2023, the Board of Directors (the "Board") of HyreCar Inc. (the "Company") appointed Eduardo Iniguez to serve as the Company's Chief Financial Officer. Mr. Iniguez had been serving as the Company's Interim Chief Financial Officer since September 30, 2022 and will continue to serve as the Company's Interim Chief Executive Officer in addition to his role as Chief Financial Officer.

 

In connection with Mr. Iniguez's appointment as Chief Financial Officer, on January 11, 2023, the Board approved an annual base salary for Mr. Iniguez equal to $350,000, effective from January 11, 2023. The Board also approved a bonus of $30,000 in connection with Mr. Iniguez's appointment as Chief Financial Officer. In connection with Mr. Iniguez's service as interim Chief Executive Officer, the Board approved (i) an additional annual base salary increase of $25,000, effective from January 11, 2023 and for so long as Mr. Iniguez continues to serve as interim Chief Executive Officer, and (ii) an additional bonus of $15,000.

 

There are no arrangements or understandings between Eduardo Iniguez and any other person related to his appointment as Chief Financial Officer. There is no family relationship between Eduardo Iniguez and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. The Company has not entered into any transactions with Eduardo Iniguez that would require disclosure pursuant to Item 404(a) of Regulation S K under the Securities Exchange Act of 1934, as amended.

 

A description of Eduardo Iniguez's business experience which is required to be disclosed by Item 401(e) of Regulation S-K can be found in the Company's 8-K filed on September 19, 2022 and is incorporated by reference herein.