Maplebear Inc. (CART) adds Josh Silverman to board as CEO change takes effect
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Maplebear Inc. appointed Josh Silverman to its Board of Directors as a Class I director, effective August 15, 2025, after expanding the Board to ten members. His term runs until the 2027 annual stockholder meeting, subject to earlier replacement or departure.
The company states there are no related-party transactions with Mr. Silverman requiring disclosure, and he will receive compensation under the standard non-employee director policy. On the same effective date, Chris Rogers became Chief Executive Officer, President, and a Class II director, while Fidji Simo resigned as CEO and President but continues as Chair of the Board.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): August 11, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 11, 2025, the Board of Directors (the “Board”) of Maplebear Inc. (the “Company”), upon recommendation of the Nominating and Corporate Governance Committee of the Board, expanded the size of the Board to ten directors and appointed Josh Silverman as a Class I director, in each case, effective August 15, 2025 (the “Effective Date”). The term of Mr. Silverman’s directorship will expire at the Company’s 2027 Annual Meeting of Stockholders, or until his successor has been duly elected and qualified, or until his earlier death, resignation, or removal.
There is no arrangement or understanding between Mr. Silverman and the Company or any other person pursuant to which Mr. Silverman was elected as a director. Additionally, there are no transactions involving the Company and Mr. Silverman that the Company would be required to report pursuant to Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”).
For his service on the Board, Mr. Silverman will be compensated pursuant to the Company’s non-employee director compensation policy, a copy of which is attached as Exhibit 10.6 to the Company’s Annual Report on Form 10-K filed with the Commission on February 28, 2025 (File No. 001-41805). Mr. Silverman has entered into the Company’s standard form of indemnification agreement, the form of which is attached as Exhibit 10.1 to the Company’s Registration Statement on Form S-1 filed with the Commission on August 25, 2023 (File No. 333-274213).
In addition, (i) Chris Rogers’s appointment as the Company’s Chief Executive Officer and President and as a Class II director of the Board and (ii) Fidji Simo’s resignation as the Company’s Chief Executive Officer and President, each as previously disclosed in the Company’s Current Report on Form 8-K filed with the Commission on May 28, 2025 (File No. 001-41805), became effective on the Effective Date. As also previously disclosed, Ms. Simo is continuing to serve as Chair of the Board following the Effective Date.
Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing Mr. Silverman’s appointment as a Class I director of the Board is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information furnished in this Item 7.01, including Exhibit 99.1 attached hereto, 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 of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | ||||
| 99.1 | Press Release, dated August 15, 2025. | ||||
| 104.1 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Maplebear Inc. | ||||||||
Date: August 15, 2025 | By: | /s/ Emily Reuter | ||||||
| Emily Reuter | ||||||||
| Chief Financial Officer | ||||||||
FAQ
What board change did Maplebear Inc. (CART) announce on August 15, 2025?
Maplebear Inc. expanded its Board to ten members and appointed Josh Silverman as a Class I director effective August 15, 2025. His term will continue until the company’s 2027 annual stockholder meeting, unless he is replaced or departs earlier under standard governance provisions.
Who is Josh Silverman and what is his role at Maplebear Inc. (CART)?
Josh Silverman was appointed as a Class I director on Maplebear Inc.’s Board, effective August 15, 2025. He serves as an independent, non-employee director compensated under the company’s standard non-employee director policy and has no disclosable related-party transactions with the company.
What executive leadership changes became effective at Maplebear Inc. on August 15, 2025?
On August 15, 2025, Chris Rogers became Chief Executive Officer, President, and a Class II director of Maplebear Inc. At the same time, Fidji Simo resigned as CEO and President but continued in a leadership capacity as Chair of the company’s Board of Directors.
How will Josh Silverman be compensated for serving on Maplebear Inc.’s Board?
Josh Silverman will be compensated under Maplebear Inc.’s non-employee director compensation policy. The company previously filed this policy as Exhibit 10.6 to its Form 10-K for the year ended 2024, outlining cash and equity elements applicable to all non-employee directors.