Blog: SONDER HOLDINGS INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers;

Compensatory Arrangements of Certain Officers.

On August 2, 2022, Sonder Holdings Inc. (the “Company”) announced, as follows:

Appointment of Deeksha Hebbar, Chief Operating Officer

The Company promoted Deeksha Hebbar, 37, to Chief Operating Officer of the
Company, effective July 15, 2022. Ms. Hebbar had served as the Company’s Senior
Vice President of Operations since September 2021. Previously she served as the
Company’s Vice President of Operations from May 2018 to September 2021 and
Regional General Manager from September 2017 to May 2018. Prior to joining the
Company in 2017, Ms. Hebbar served in various operations roles of increasing
responsibility at Luxe Valet, Inc., an on demand parking and valet service
acquired by Volvo Car Group, including Vice President of Business from January
2017 to August 2017, and Senior Director of City Operations from April 2016 to
January 2017. Ms. Hebbar holds a B.S. in Economics and B.S.E in Engineering from
Wharton and the School of Engineering at the University of Pennsylvania’s Jerome
Fisher Program in Management and Technology and an MBA from Harvard Business
School.

In connection with Ms. Hebbar’s promotion as Chief Operating Officer, the
Compensation Committee of the Board (the “Compensation Committee”) granted Ms.
Hebbar a stock option award covering 1,836,850 shares of Company common stock,
that will vest monthly in 48 equal installments, subject to Ms. Hebbar’s
continued employment with the Company on the applicable vesting dates. In
connection with her promotion, Ms. Hebbar’s annual base salary is $480,000. Ms.
Hebbar will participate in the Company’s Key Executive Change in Control and
Severance Plan.

There are no arrangements or understandings between Ms. Hebbar and any other
persons pursuant to which Ms. Hebbar was selected to become Chief Operating
Officer of the Company, nor are there any family relationships between Ms.
Hebbar and any of the Company’s directors or other executive officers subject to
disclosure under Item 401(d) of Regulation S-K. Neither Ms. Hebbar nor any
related person of Ms. Hebbar has a direct or indirect material interest in any
transaction that would require disclosure under Item 404(a) of Regulation S-K.

Appointment of Chris Berry, Chief Accounting Officer

The Company appointed Chris Berry, 47, as Senior Vice President and Chief
Accounting Officer of the Company, effective August 1, 2022. Mr. Berry joins the
Company from Alaska Air Group, Inc. (NYSE: ALK), where he served as Vice
President, Corporate Controller, and Chief Accounting Officer from February 2017
to April 2022. Mr. Berry joined Alaska Air Group, Inc. in 2005 and served in
various roles of increasing responsibility in SEC reporting, accounting
operations, and investor relations, including Managing Director of Accounting,
Corporate Controller and Principal Accounting Officer from February 2014 to
February 2017, Managing Director, Investor Relations from October 2010 to
February 2014, and Director, Financial Reporting and Accounting from March 2005
to October 2010. Mr. Berry holds a Bachelor of Business Administration from the
University of Louisiana Monroe and holds a CPA license in Washington State.

In connection with Mr. Berry’s appointment as Chief Accounting Officer, the
Compensation Committee will grant Mr. Berry a one-time equity award of 400,000
restricted stock units covering shares of Company common stock, that will vest
25% on the one-year anniversary of the applicable vesting commencement date and
in equal quarterly installments thereafter over the next three years, subject to
Mr. Berry’s continued employment with the Company on the applicable vesting
dates. Mr. Berry’s annual base salary is $400,000. Mr. Berry will participate in
the Company’s Key Executive Change in Control and Severance Plan.

There are no arrangements or understandings between Mr. Berry and any other
persons pursuant to which Mr. Berry was selected to become Chief Accounting
Officer, nor are there any family relationships between Mr. Berry and any of the
Company’s directors or other executive officers subject to disclosure under Item
401(d) of Regulation S-K. Neither Mr. Berry nor any related person of Mr. Berry
has a direct or indirect material interest in any transaction that would require
disclosure under Item 404(a) of Regulation S-K.

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Item 7.01 Regulation FD Disclosure.

On August 2, 2022, the Company issued a press release regarding certain of the
matters discussed in Item 5.02. A copy of the press release is attached to this
Form 8-K as Exhibit 99.1 and is incorporated by reference as if fully set forth
herein.

The information contained within this Item 7.01, including the information in
Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and shall not be deemed
incorporated by reference into any filing under the Securities Act of 1933, as
amended.

——————————————————————————–

Item 9.01 Financial Statements and Exhibits

(d)  Exhibits

      Exhibit No.                                           Description
          99.1                   Press Release issued August     2,     2022
                               Cover Page Interactive Data File (embedded within the Inline XBRL
          104                  document)



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