Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 29, 2020, the Board of Directors (the “Board”) of EverQuote, Inc. (the “Company”) increased the authorized number of directors constituting the Board from eight (8) to nine (9) and appointed Darryl Auguste as a director to serve on the Board, effective immediately. Mr. Auguste shall serve until the Company’s 2021 annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.
Mr. Auguste is currently the Company’s Executive Vice President of Strategic Projects, a position he has held since August 2019. Previously he served as the Company’s Senior Vice President of Analytics & Online Marketing from December 2014 to August 2019, and as the Company’s Vice President, Consumer Analytics from February 2013 to December 2014. Prior to joining the Company, Mr. Auguste worked at Cogo Labs, Inc., a startup incubator, ultimately serving as director of analytics, email marketing. Mr. Auguste holds a B.A. degree in economics and mathematics from Yale University.
In connection with his appointment to the Board, the Board granted to Mr. Auguste restricted stock units with respect to 2,064 shares of the Company’s Class A Common Stock, which are scheduled to vest in full on the earlier of June 11, 2021 and the Company’s 2021 annual meeting of stockholders.
There are no arrangements or understandings between Mr. Auguste and any other persons pursuant to which he was selected as a director. Mr. Auguste has no family relationships with any of the Company’s directors or executive officers. There are no transactions and no proposed transactions between Mr. Auguste and the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Auguste previously entered into the Company’s standard form of indemnification agreement. The form of indemnification agreement was filed as Exhibit 10.2 to the Company’s Registration Statement on Form S-1 filed with the SEC on June 1, 2018.