Lyft, Inc. 8-K

What Happened Lyft announced on January 25, 2026 that Deborah Hersman was appointed to its Board of Directors effective immediately. She will serve as a Class I director with a term expiring at Lyft’s 2026 Annual Meeting of Stockholders and has been named to the Board’s Nominating and Corporate Governance Committee.

Key Details

• Appointment date: January 25, 2026; term expires at the 2026 Annual Meeting.
• Committee: Member of the Nominating and Corporate Governance Committee, effective immediately.
• Background: Former Chair of the National Transportation Safety Board (2009–2014); President & CEO of the National Safety Council (2014–2019); Chief Safety Officer & Advisor at Waymo (Jan 2019–Feb 2021).
• Board roles: Director of ONE Gas, Inc. since June 2023 (will become Chair in May 2026) and NiSource Inc. since June 2019; also served on Velodyne Lidar’s board in the past five years.
• Compensation & legal: Will receive Lyft’s standard non-employee director compensation per the company’s April 24, 2025 proxy and will enter Lyft’s standard indemnification agreement (as filed in Lyft’s Form S-1).
• No related-party arrangements, family relationships, or reportable transactions with Lyft were disclosed.

Why It Matters This appointment brings deep safety, regulatory and autonomous-vehicle experience to Lyft’s board—expertise directly relevant to ride-hailing operations, vehicle safety oversight and regulatory engagement. For investors, the change is governance-focused (no special compensation or related-party deals disclosed) and may strengthen board oversight on safety and autonomous-vehicle strategy ahead of the 2026 shareholder vote.