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All Getaround directors resign; Jalbert named sole leader

Getaround, Inc. (GETR) reported significant leadership and board changes.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Getaround, Inc. (GETR) reported significant leadership and board changes. Effective August 26, 2026, the Senior Vice President and Chief Restructuring Officer, Mauricio Rivera, resigned, and all six members of the Board of Directors — Bruno Bowden, Jason Mudrick, Neil Salvage, Qais Sharif and Sam Zaid — also resigned.

As of the same date, the Board appointed Craig Jalbert, age 65, as President, Treasurer, Corporate Secretary, and as the Company’s principal executive, financial and accounting officer, and elected him as the sole director to serve until the next election of Class I directors. Jalbert, a principal of Verdolino & Lowey, P.C. since 1987, has focused for over 30 years on distressed businesses and has served as officer and director for numerous firms in their wind-down phases. He will receive $60,000 per year for three years in connection with this appointment.

Positive

  • None.

Negative

  • Complete board turnover and CRO resignation: All six directors and the Senior Vice President and Chief Restructuring Officer resigned effective August 26, 2026, leaving the company with a single director and consolidated executive roles.
  • Appointment of sole director with distressed/wind-down focus: Governance is concentrated in one individual whose background is centered on distressed businesses and wind-down phases, signaling a potentially challenging phase for the company.
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.
Effective date of resignations and appointments August 26, 2026 Date when the CRO and all directors resigned and Craig Jalbert’s roles became effective
Number of resigning directors 6 directors All members of the Board of Directors resigned effective August 26, 2026
Annual compensation for Craig Jalbert $60,000 per year Compensation in connection with his appointment for a three-year period
Compensation term 3 years Period over which the $60,000 per year compensation will be paid
Age of Craig Jalbert 65 Age of the newly appointed President, Treasurer, Corporate Secretary and sole director
Years at Verdolino & Lowey, P.C. Since 1987 Period during which Jalbert has served as a principal of the Foxborough, Massachusetts accounting firm
principal executive officer financial
"as the Company’s principal executive officer, principal financial officer"
The principal executive officer is the highest-ranking manager who leads a company’s overall strategy, operations and public communication—often acting like the captain of a ship who sets direction and makes final calls. Investors watch this person because their decisions, credibility and ability to deliver results shape company performance, risk and market confidence, and changes in that role can directly affect stock value and corporate accountability.
principal financial officer financial
"as the Company’s principal executive officer, principal financial officer"
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
principal accounting officer financial
"principal financial officer and principal accounting officer, until his successor"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
distressed businesses financial
"For over 30 years he has focused his practice on distressed businesses"
wind-down phases financial
"served, and continues to serve, in the capacities of officer and director for numerous firms in their wind-down phases"

FAQ

What leadership changes did Getaround (GETR) announce on August 26, 2026?
Getaround disclosed that its Senior Vice President and Chief Restructuring Officer, Mauricio Rivera, resigned, and all six members of the Board of Directors also resigned, effective August 26, 2026.

Who is the new sole director and principal executive officer of Getaround (GETR)?
Craig Jalbert was appointed as President, Treasurer, Corporate Secretary, and principal executive, financial and accounting officer, and was elected as the sole member of the Board, effective August 26, 2026.

What is Craig Jalbert’s background relevant to Getaround (GETR)?
Craig Jalbert has been a principal at Verdolino & Lowey, P.C. since 1987. For over 30 years he has focused on distressed businesses and has served as an officer and director for numerous firms in their wind-down phases.

How will Getaround (GETR) compensate Craig Jalbert for his role?
In connection with his appointment, Craig Jalbert will be compensated $60,000 per year for a period of three years.

Is there any special arrangement behind Craig Jalbert’s appointment at Getaround (GETR)?
The company stated there is no arrangement or understanding pursuant to which Craig Jalbert was appointed to the Board.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Getaround, Inc false 0001839608 0001839608 2026-08-26 2026-08-26
 
 

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): August 26, 2026

 

 

Getaround, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-40152   85-3122877
(State or Other Jurisdiction
of Incorporation)		  

(Commission

File Number)

   (IRS Employer
Identification No.)

 

124 Washington Street, Suite 101

Foxboro, Massachusetts

   02035
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (508) 543-1720

(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

N/A   N/A   N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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 September 1, 2026, Getaround, Inc. (the “Company”) announced that, as part of an orderly transition plan, the Company’s Senior Vice President and Chief Restructuring Officer, Mauricio Rivera, has resigned from his positions with the Company, and each of Bruno Bowden, Jason Mudrick, Neil Salvage, Qais Sharif and Sam Zaid, consisting of all of the members of the Company’s Board of Directors (the “Board”), has resigned from the Board, in each case, effective as of August 26, 2026. In connection with the foregoing, as of the same date, the Board appointed Craig Jalbert, age 65, as the Company’s President, Treasurer and Corporate Secretary, and as the Company’s principal executive officer, principal financial officer and principal accounting officer, until his successor is duly elected and qualified or until his earlier resignation, death, disqualification or removal, and elected Mr. Jalbert as the sole member of the Board, to serve until the next election of Class I directors and thereafter until his successor has been elected and qualified or until his earlier death, resignation, disqualification or removal.

Mr. Jalbert has served as a principal of the Foxborough, Massachusetts accounting firm of Verdolino & Lowey, P.C. since 1987. For over 30 years he has focused his practice on distressed businesses and has served, and continues to serve, in the capacities of officer and director for numerous firms in their wind-down phases. In connection with his appointment, Mr. Jalbert will be compensated in the amount of $60,000 per year for a period of three years. There is no arrangement or understanding pursuant to which Mr. Jalbert was appointed to the Board. There are no family relationships between Mr. Jalbert and any director or executive officer of the Company, and Mr. Jalbert has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

 

SIGNATURES

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.

 

      GETAROUND, INC.
Date: September 1, 2026     By:  

/s/ Craig Jalbert

    Name:   Craig Jalbert
    Title:   President

Source: View Original Filing on SEC EDGAR

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