Lyft (Nasdaq: LYFT) adds Alaska Air chief Ben Minicucci to its board

Rhea-AI Filing Summary

Lyft, Inc. appointed Ben Minicucci to its Board of Directors as a Class II director, effective July 23, 2026, with a term expiring at the 2027 Annual Meeting of Stockholders. He is Chief Executive Officer and President of Alaska Air Group, Inc. and Alaska Airlines, Inc.

Lyft highlights his operating experience as a public company CEO, transportation safety background, and track record in business development, international expansion, and M&A integration. The company notes an existing partnership with Alaska Airlines under which, for the year ended December 31, 2025, it paid $3.2 million and received $0.16 million. Other than this agreement, no related-party transactions involving him are reported. He will receive standard non-employee director compensation and enter into Lyft’s customary indemnification agreement.

Filing Explained

Ben Minicucci’s appointment to Lyft’s board took effect on July 23, 2026. He serves as a Class II director, with the disclosed term ending at Lyft’s 2027 annual meeting, so the appointment is effective now but not an indefinite board seat.

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

Board appointment effective date: July 23, 2026 Board term expiration: 2027 Annual Meeting of Stockholders Payments to Alaska under Partnership Agreement: $3.2 million +2 more

5 metrics

Board appointment effective date July 23, 2026 Date Ben Minicucci was appointed to Lyft’s Board of Directors

Board term expiration 2027 Annual Meeting of Stockholders End of Class II director term for Ben Minicucci

Payments to Alaska under Partnership Agreement $3.2 million Aggregate amount paid during the year ended December 31, 2025

Receipts from Alaska under Partnership Agreement $0.16 million Aggregate amount received during the year ended December 31, 2025

CEO role at Alaska Air Group since 2021 Period Ben Minicucci has served as Chief Executive Officer of Air Group and Alaska

Key Terms

Partnership Agreement, Atmos Rewards miles, indemnification agreement, Item 404(a) of Regulation S-K

4 terms

Partnership Agreement financial

"entered into a partnership agreement (the “Partnership Agreement”) with Alaska"

A partnership agreement is a written contract that lays out how two or more parties will work together, splitting responsibilities, profits, losses and decision-making. Think of it as a detailed roadmap or house rulebook for a joint project; it matters to investors because the terms determine how much revenue and risk a company will take on, how quickly it can act, and whether the partnership could dilute control or boost growth potential.

Atmos Rewards miles technical

"riders on the Lyft platform are able to earn Atmos Rewards miles on eligible rides"

indemnification agreement regulatory

"enter into its standard form of indemnification agreement with Mr. Minicucci"

An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.

Item 404(a) of Regulation S-K regulatory

"require disclosure under Item 404(a) of Regulation S-K"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Understanding 8-K Material Events →

Available on EDGAR 07/27/2026 - 04:09 PM Accepted by SEC EDGAR 07/27/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What board change did Lyft (LYFT) announce regarding Ben Minicucci?

Lyft appointed Ben Minicucci to its Board as a Class II director, effective July 23, 2026. His term will run until Lyft’s 2027 Annual Meeting of Stockholders, adding an experienced airline industry executive and public company CEO to the company’s boardroom.

What is Ben Minicucci’s current role outside Lyft (LYFT)?

Ben Minicucci serves as Chief Executive Officer of Alaska Air Group, Inc. and its subsidiary Alaska Airlines, Inc. He has been CEO and President of Air Group since 2021 and previously held senior roles including President and Chief Operating Officer at Alaska Airlines.

Does Lyft (LYFT) have an existing business relationship with Alaska Airlines?

Lyft has a Partnership Agreement with Alaska Airlines, begun in July 2022, allowing riders to earn Atmos Rewards miles on eligible rides. For the year ended December 31, 2025, Lyft paid $3.2 million and received $0.16 million under this partnership.

Were any related-party transactions involving Ben Minicucci disclosed by Lyft (LYFT)?

Lyft states that, other than the Partnership Agreement with Alaska Airlines, there have been no transactions since the start of the last fiscal year in which Ben Minicucci had a direct or indirect interest that would require disclosure under Item 404(a) of Regulation S-K.

What compensation will Ben Minicucci receive as a Lyft (LYFT) director?

Ben Minicucci will receive Lyft’s standard compensation for non-employee directors, as described in the April 10, 2026 proxy statement. He will also enter into Lyft’s customary indemnification agreement, which is the same standard form used for the company’s other directors.

Are there family or special appointment arrangements for Lyft (LYFT) director Ben Minicucci?

Lyft reports no family relationships between Ben Minicucci and any of its directors or executive officers. It also states there are no arrangements or understandings with any person pursuant to which he was appointed to the Board.

false000175950900017595092026-07-232026-07-23

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): July 23, 2026

Lyft, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38846

20-8809830

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

185 Berry Street, Suite 400

San Francisco, California 94107

(Address of principal executive offices, including zip code)

(844) 250-2773

(Registrant's telephone number, including area code)

Not Applicable

(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

Name of each exchange on which registered

Class A Common Stock, par value of $0.00001 per share

LYFT

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 July 23, 2026, the Board of Directors (the “Board”) of Lyft, Inc. (the “Company”) appointed Ben Minicucci to serve as a member of the Board, effective immediately. He will serve as a Class II director with a term of office expiring at the Company’s 2027 Annual Meeting of Stockholders.

Mr. Minicucci has served as Chief Executive Officer of Alaska Air Group, Inc. (“Air Group”), a global airline, and its subsidiary Alaska Airlines, Inc. (“Alaska”) since 2021. He has served as President of Air Group since 2021 and served as President of Alaska from 2016 to June 2026. He served as Chief Operating Officer of Alaska from 2008 until 2019. Mr. Minicucci also served as Chief Executive Officer of Virgin America Inc. from 2016 to 2018. Prior to this, he held various executive positions at Alaska, including Executive Vice President of Operations, Vice President of Seattle Operations, and Staff Vice President of Maintenance and Engineering. Before joining Alaska, Mr. Minicucci held a variety of roles at Air Canada and served in the Canadian Armed Forces for 14 years prior to joining the private aviation sector. Mr. Minicucci has served as a member of the board of directors of Air Group since 2020. Mr. Minicucci served on the board of PG&E Corporation, an energy-based holding company from 2018 to 2019. Mr. Minicucci holds a B.S. and M.S. from the Royal Military College of Canada and graduated from the Advanced Management Program at Harvard Business School.

Mr. Minicucci was selected to serve on our Board because of his significant operating experience as a public company chief executive officer, transportation safety expertise, and experience driving business development, international operating expansion and mergers and acquisitions integration.

There are no arrangements or understandings between Mr. Minicucci and any other person pursuant to which Mr. Minicucci was appointed to serve on the Board. There are no family relationships between Mr. Minicucci and any other director or executive officer of the Company.

In July 2022, we entered into a partnership agreement (the “Partnership Agreement”) with Alaska. Pursuant to the Partnership Agreement, riders on the Lyft platform are able to earn Atmos Rewards miles on eligible rides. During the year ended December 31, 2025, we received an aggregate amount of $0.16 million from Alaska and paid an aggregate amount of $3.2 million to Alaska pursuant to the Partnership Agreement. Other than the Partnership Agreement, there have been no transactions in which the Company was a participant and Mr. Minicucci had a direct or indirect interest since the beginning of the last fiscal year, and none are currently proposed that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Minicucci will receive the standard compensation available to the Company’s non-employee directors, which is described in the Company’s Proxy Statement filed with the Securities and Exchange Commission (“SEC”) on April 10, 2026. In accordance with the Company’s customary practice, the Company will also enter into its standard form of indemnification agreement with Mr. Minicucci, which is filed as Exhibit 10.1 to the Company’s Registration Statement on Form S-1 (File No. 333-229996) filed with the SEC on March 1, 2019.

SIGNATURE

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.

						LYFT, INC.
Date:			July 27, 2026			/s/ Lindsay Llewellyn
						Lindsay Llewellyn
						Chief Legal Officer, Corporate Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 23.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 13.3 KB