Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer
On September 14, 2022, Serge De Bock notified HyreCar Inc. (the “Company”) of
his resignation (the “Resignation”) as the Company’s Chief Financial Officer,
effective as of September 30, 2022 (the “Effective Date”). On the Effective
Date, Mr. De Bock will cease to serve as the Company’s principal financial
officer and principal accounting officer. Mr. De Bock’s resignation is not the
result of any dispute or disagreement with the Company, including any matters
relating to the Company’s accounting practices or financial reporting.
Appointment of Interim Chief Financial Officer
In connection with the Resignation, on September 16, 2022, the Board of
Directors of the Company approved the appointment (the “Appointment”) of Eduardo
Iniguez Vazquez (“Mr. Iniguez”) as the Company’s Interim Chief Financial
Officer, with such appointment to be effective on the Effective Date. Mr.
Iniguez will serve as the Company’s principal financial officer and principal
accounting officer on an interim basis pending an executive search being
conducted by the Company.
Mr. Iniguez, 36, serves as the Head of Finance of the Company. Before joining
the Company, Mr. Iniguez was the VP of Corporate Finance at AllClear Aerospace &
Defense from September 2018 to May 2022, which was the largest privately-held
aerospace distribution company in the world. In that role, Mr. Iniguez served as
the Chief Financial Officer for one of the company’s joint ventures while
overseeing the company’s finance and accounting functions. He brings over 14
years of experience in operational finance, treasury, budgeting, net working
capital management, and public accounting. Through years of managing complex M&A
deals and direct responsibility for 11 P&Ls, he brings a disciplined approach to
financial analysis and management, including a solid track record of managing
cash burn and improving EBITDA performance. Mr. Iniguez received his Master of
Business Administration in Finance degree and Bachelor of Science degrees in
Business Administration and Accounting from the University of Southern
There are no family relationships between Mr. Iniguez and any director or
executive officer of the Company, and the Company has not entered into any
transactions with Mr. Iniguez that are reportable pursuant to Item 404(a) of
Regulation S-K. There are no arrangements or understandings between Mr. Iniguez
and any other persons pursuant to which he was selected as the Company’s Interim
Chief Financial Officer.
Any material changes or amendments to Mr. Iniguez’s compensation arrangements in
connection with his appointment as the Interim Chief Financial Officer have not
yet been determined. In accordance with Instruction 2 to Item 5.02 of Form 8-K,
the Company intends to file an amendment to this Current Report on Form 8-K if
and when such information is available.
Item 7.01. Regulation FD Disclosure.
On September 19, 2022, the Company issued a press release announcing the
Resignation and Appointment. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
As provided in General Instruction B.2 to Form 8-K, the information furnished in
this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise
subject to the liabilities under that Section and shall not be deemed
incorporated by reference into any filing under the Securities Act or the
Exchange Act, except as shall be expressly provided by specific reference in
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Press Release issued by the Company dated September 19, 2022. 104 Cover Page Interactive Data File (embedded within Inline XBRL document).
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