Geoff Seeley joins Lemonade (NYSE: LMND) Board with cash and RSU package

Rhea-AI Filing Summary

Lemonade, Inc. reported that its Board of Directors appointed Geoff Seeley as a Class I director effective October 6, 2025. His term will run until the 2027 annual stockholders’ meeting, when his successor is elected and qualified, or earlier if he leaves the role.

Seeley will receive an annual cash retainer of $30,000 for Board service. He is also granted an initial restricted stock unit award valued at $175,000, vesting in equal annual installments over three years, and will be eligible for annual RSU awards of $150,000 after each stockholders’ meeting, vesting after one year. The company states there are no special arrangements or family relationships tied to his appointment and that he has no material interests in related-party transactions.

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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): 10/6/2025

LEMONADE, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-39367

32-0469673

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

5 Crosby Street, 3rd Floor

New York, NY 10013

(Address of principal executive offices) (Zip Code)

(844) 733-8666  

(Registrant’s telephone number, include area code)

N/A

(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 Symbols

Name of each exchange on which registered

Common Stock, $0.00001 par value per share

LMND

New York Stock Exchange

Warrants to purchase common stock

LMND.WS

New York Stock Exchange American

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 October 6, 2025, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Mr. Geoff Seeley to the Board effective October 6, 2025. Mr. Seeley will serve as a Class I director for a term expiring at the Company’s annual meeting of stockholders to be held in 2027, until his successor is duly elected and qualified or his earlier death, disqualification, resignation or removal.

Mr. Seeley is eligible to participate in the Company’s Non-Employee Director Compensation Policy, which provides for: (i) an annual cash retainer of $30,000 for serving on the Board, earned on a quarterly basis; (ii) an initial equity-based award of restricted stock units (the “Initial Award”) in an amount equal to $175,000 that vests in equal annual installments over three years following the grant date, subject to his continued service on the Board through each such vesting date; and (iii) following each annual meeting of the Company’s stockholders, an annual equity-based award of restricted stock units in an amount of $150,000 that vests on the first anniversary of the date of grant, subject to his continued service on the Board through such vesting date.

Mr. Seeley has entered into the Company’s standard indemnification agreement for directors and officers.

There is no arrangement or understanding pursuant to which Mr. Seeley was appointed to the Board. There are no family relationships between Mr. Seeley and any director or executive officer of the Company as defined in Item 401(d) of Regulation S-K, and Mr. Seeley has no direct or indirect material interest in any transaction or proposed 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.

LEMONADE, INC.

Date: October 6, 2025

By:

/s/ Tim Bixby

Tim Bixby

Chief Financial Officer

FAQ

What did Lemonade (LMND) announce in this 8-K filing?

Lemonade announced the appointment of Geoff Seeley to its Board of Directors as a Class I director. His term runs until the 2027 annual stockholders’ meeting, subject to earlier departure, aligning with the company’s classified board structure and standard governance practices.

Who is Geoff Seeley and what role will he have at Lemonade (LMND)?

Geoff Seeley has been appointed as a Class I director on Lemonade’s Board, effective October 6, 2025. He will serve until the 2027 annual stockholders’ meeting, participating in Board oversight and governance alongside existing directors under the company’s established governance framework.

How is new director Geoff Seeley compensated by Lemonade (LMND)?

Geoff Seeley will receive a $30,000 annual cash retainer for Board service. He is also eligible for equity compensation through restricted stock units, including an initial grant valued at $175,000 and recurring annual grants valued at $150,000, subject to time-based vesting conditions.

What equity awards will Geoff Seeley receive as a Lemonade (LMND) director?

Seeley’s initial equity award is restricted stock units valued at $175,000, vesting in equal annual installments over three years. After each annual stockholders’ meeting, he may receive an additional RSU award of $150,000, vesting on the first anniversary of the grant date.

Are there any special arrangements behind Geoff Seeley’s appointment to Lemonade’s Board?

Lemonade states there is no arrangement or understanding pursuant to which Geoff Seeley was appointed to the Board. The company also notes there are no family relationships with existing directors or executives, and no material related-party transactions requiring disclosure under Regulation S-K.

Does Geoff Seeley have any related-party transactions with Lemonade (LMND)?

Lemonade discloses that Geoff Seeley has no direct or indirect material interest in any transaction or proposed transaction requiring disclosure under Item 404(a) of Regulation S-K, indicating no reportable related-party transactions associated with his Board appointment at this time.