Lemonade, Inc. (NYSE: LMND) to elevate Nick Stead to CFO role
Rhea-AI Filing Summary
Lemonade, Inc. reports leadership changes effective January 1, 2027. Chief Financial Officer Tim Bixby will transition from his CFO role to serve as a Class III member of the board of directors. The company plans to enter into a transition agreement with Bixby covering the terms and any compensation, to be detailed in a later public disclosure.
The board appointed Nick Stead, 33, currently Senior Vice President Finance, as the next Chief Financial Officer and as principal financial and accounting officer, also effective January 1, 2027. Stead has held senior finance, FP&A, investor relations and business operations roles at Lemonade and at Flex, a consumer payment platform. The company states that neither Bixby nor Stead has disclosable family relationships or related‑party transactions with the company.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Effective date of CFO transition: January 1, 2027
Effective date of Nick Stead appointment: January 1, 2027
Age of incoming CFO Nick Stead: 33
+1 more
4 metrics
Effective date of CFO transition
January 1, 2027
Date Tim Bixby steps down as CFO and joins the board
Effective date of Nick Stead appointment
January 1, 2027
Date Nick Stead becomes CFO and principal financial and accounting officer
Age of incoming CFO Nick Stead
33
Age of Nick Stead at the time of his appointment as CFO
Board action date
July 27, 2026
Date the board approved the CFO transition and appointment
Key Terms
Class III member of the Board, principal financial officer, Item 404(a) of Regulation S-K, emerging growth company
4 terms
Class III member of the Board regulatory
"transition of Tim Bixby from his role as CFO to a Class III member of the Board"
principal financial officer financial
"Mr. Stead will be designated as principal financial officer and principal accounting 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.
Item 404(a) of Regulation S-K regulatory
"material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What leadership changes did Lemonade (LMND) announce on July 27, 2026?
Lemonade announced that CFO Tim Bixby will move from his CFO role to become a Class III board member, and Nick Stead, currently SVP Finance, will be promoted to Chief Financial Officer and principal financial and accounting officer, effective January 1, 2027.
When will Lemonade's (LMND) CFO transition become effective?
The CFO transition at Lemonade becomes effective on January 1, 2027. On that date, Tim Bixby steps down as CFO to join the board, and Senior Vice President Finance Nick Stead assumes the roles of Chief Financial Officer and principal financial and accounting officer.
Who is Nick Stead, the incoming CFO of Lemonade (LMND)?
Nick Stead, 33, is Lemonade’s Senior Vice President Finance and incoming CFO. He previously led FP&A and investor relations at Lemonade, worked as SVP Finance and Business Operations at Flex, and earlier held strategic finance roles in technology and banking firms.
What role will Tim Bixby have at Lemonade (LMND) after leaving the CFO position?
After leaving the CFO position on January 1, 2027, Tim Bixby will serve as a Class III member of Lemonade’s board of directors. A transition agreement covering his new role and compensation is expected and will be publicly disclosed once finalized.
Will Lemonade (LMND) disclose compensation terms for the CFO transition?
Yes. Lemonade expects to enter into a transition agreement with Tim Bixby and to establish Nick Stead’s CFO compensation terms before January 1, 2027. These arrangements will be publicly disclosed in a subsequent amendment once finalized.