Getaround, Inc. Appoints Craig Jalbert Interim CEO; Board Resigns

What Happened

• Getaround filed an 8-K reporting that, effective August 26, 2026, Senior Vice President and Chief Restructuring Officer Mauricio Rivera resigned, and all five members of the Board — Bruno Bowden, Jason Mudrick, Neil Salvage, Qais Sharif and Sam Zaid — also resigned.
• On the same date the Board appointed Craig Jalbert (age 65) as President, Treasurer and Corporate Secretary and designated him as the Company’s principal executive officer, principal financial officer and principal accounting officer. Mr. Jalbert was also elected as the sole member of the Board and will serve until the next election of Class I directors or until a successor is qualified.

Key Details

• Effective date of resignations and appointments: August 26, 2026 (announced in filing dated Sept 1, 2026).
• Compensation for Mr. Jalbert: $60,000 per year for three years.
• Background: Mr. Jalbert has been a principal at Verdolino & Lowey, P.C. since 1987 and has focused on distressed businesses and winding down firms.
• The filing states there is no arrangement or understanding tied to his appointment, no family relationships with company officers/directors, and no reportable related-party transactions under Item 404(a).

Why It Matters

• The changes centralize control: one person now holds the company’s top executive and principal financial/accounting officer roles and is the sole director, which concentrates decision-making and governance authority.
• Mr. Jalbert’s stated background in distressed and winding-down situations may be relevant to investors assessing the company’s strategic direction or financial position.
• Investors should note this is a material governance change (board and key officer turnover) but the filing does not include financial results or future operational plans — further SEC filings or company communications would be needed for details on business implications.