Business Context and Reporting Period
This Form 8-K Current Report was filed by Toast, Inc. on January 15, 2026. The report discloses a material corporate governance event: the appointment of a new Chief Accounting Officer and Principal Accounting Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
The primary material change is the appointment of Rossana Niola to the following roles:
- Chief Accounting Officer (CAO): Effective January 26, 2026.
- Principal Accounting Officer (PAO): Effective March 2, 2026.
Concurrently, Ms. Gomez will cease serving as interim CAO and interim PAO but will continue as President, Chief Financial Officer, and principal financial officer.
Management Commentary and Compensation Details
Ms. Niola, formerly Assistant Corporate Controller at Mastercard, Inc., will receive the following compensation package:
- Base Salary: $400,000 per year.
- Sign-on Bonus: $175,000 (one-time).
- Annual Target Bonus: 40% of base salary under the Senior Executive Cash Incentive Bonus Plan.
- Equity Grants:
- Restricted Stock Units (RSU) valued at $1,500,000.
- Stock Options valued at $1,500,000.
- Vesting Schedule: Four-year term with 12.5% vesting at 6 months, followed by equal quarterly installments for the remaining 3.5 years, contingent on continued service.
Investor Verification Checklist
- Verify the commencement dates for Ms. Niola's roles (January 26, 2026, and March 2, 2026).
- Confirm the total value of the equity grants ($3,000,000 combined) and the specific vesting terms.
- Review the transition plan for Ms. Gomez's continued role as CFO.
- Note that no financial results or guidance are included in this specific filing.