8-KThe WireRed Alert
Executive Change
Filed Jun 2, 2025 · 1y ago · Accession 0001552781-25-000201
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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):
June 2, 2025
____________________________________________
UBER TECHNOLOGIES, INC.
(Exact name of registrant as specified
in its charter)
____________________________________________
Delaware
001-38902
45-2647441
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
1725 Third Street
San Francisco , California 94158
(Address of principal executive offices, including
zip code)
(415) 612-8582
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
____________________________________________
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.00001 per share
UBER
New York Stock Exchange
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item. 5.02
Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 2, 2025, Uber Technologies,
Inc. (the “Company”) announced the departure of Pierre-Dimitri Gore-Coty, Senior Vice President, Delivery, and the appointment
of Andrew “Mac” Macdonald as President & Chief Operating Officer, effective immediately.
“These last nearly
13 years have been the ride of a lifetime,” said Mr. Gore-Coty. “It was a true team effort, and I’m so proud of what
we’ve built and the impact we’ve had on daily life in cities around the world. While there is never an easy time to say goodbye,
the Delivery business is stronger than ever and I’m confident that under Mac’s leadership the team will supercharge that momentum.”
Dara Khosrowshahi, CEO, said:
“It’s hard to imagine Uber without Pierre, because there hasn’t been much Uber without Pierre. As one of our first employees,
he was a driving force behind our global Mobility expansion and stepped up to run Uber Eats just weeks before the first Covid lockdowns.
He’s since grown our Delivery business into the huge success it is today and along the way has exemplified the best of Uber, tackling
every challenge with energy, resilience, and humility. He will be sorely missed and everyone at Uber wishes him all the best.”
Mr. Macdonald, 41, joined
Uber in 2012 and has served in a range of leadership roles at the Company, including as Senior Vice President, Mobility & Business
Operations since 2019. In his new role as President & Chief Operating Officer, reporting to Mr. Khosrowshahi, he will be responsible
for the Company’s global Mobility, Delivery, and Autonomous businesses, as well as key cross-platform functions like membership,
customer support, safety, and more.
Mr. Khosrowshahi said: “This
is a natural next step in our evolution as a company, as we drive growth by increasing engagement across our entire platform. There is
no one better suited to seize this opportunity than Mac. From launching our Toronto operations 13 years ago, to scaling our Mobility business,
to spearheading our Autonomous strategy, Mac has proven himself as a highly effective leader at Uber, and I’m thrilled for him to
step into this important new role.”
Mr. Macdonald said: “My
top focus in my new role will be fully realizing the power of the Uber platform. As Dara said, this is a huge opportunity for future growth
and a distinct Uber advantage, yet something we have just begun to scratch the surface of, for consumers, drivers, couriers, and merchants.
I’m as energized by Uber today as I was when I started more than a decade ago, and I’m excited for what the next decade holds.”
There are no arrangements
or understandings between Mr. Macdonald and any other person pursuant to which Mr. Macdonald was appointed as President & Chief Operating
Officer of the Company. There are no family relationships between Mr. Macdonald and any director or executive officer of the Company,
and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Macdonald Compensation
Arrangement
In connection with his promotion
to President and Chief Operating Officer, Mr. Macdonald will receive a restricted stock unit award of $5,000,000, which is subject to
time-based and performance-based vesting conditions .
Forward-Looking
Statements
This Form 8-K
contains forward-looking statements regarding our future business expectations which involve risks and uncertainties. Actual results may
differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking
statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,”
“contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,”
“intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,”
“predict,” “project,” “should,” “target,” “will,” or “would” or
similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, performance or achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among
others: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability
to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments,
particularly with respect to our relationships with drivers and couriers and the impact of the global economy, including rising inflation
and interest rates. For additional information on other potential risks and uncertainties that could cause actual results to differ from
the results predicted, please see our Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports
and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this Form 8-K is as
of the date of this Form 8-K and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable
as of this date. Undue reliance should not be placed on the forward-looking statements in this Form 8-K, which are based on information
available to us on the date hereof. We undertake no duty to update this information unless required by law.
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.
UBER TECHNOLOGIES, INC.
Date: June 2, 2025
By:
/s/ Dara Khosrowshahi
Dara Khosrowshahi
Chief Executive Officer
Filing details
- Company
- Uber Technologies, Inc
- Ticker
- UBER
- CIK
- 1543151
- Form type
- 8-K
- Filing date
- Jun 2, 2025
- Report date
- Jun 2, 2025
- Document
- e25231_uber-8k.htm
- Size
- 188 KB