What You Need to Know About Engine Capital
Engine Capital’s Actions
Engine owns less than 1% of our common stock.
Members of our board of directors and management team, including CEO David Risher, have engaged extensively with Engine Capital over the past several months in an attempt to better understand their views and share ours.
As part of good faith efforts to seek a resolution that would avoid a costly and time-consuming proxy contest, the board of directors’ Nominating and Corporate Governance Committee closely, and with an open mind, reviewed the qualifications of the two director candidates put forth by Engine Capital.
Ultimately, we determined that the skills or experiences that each candidate would bring were neither additive nor complementary to the Board’s current composition.
We’re already undertaking many of the actions suggested by Engine Capital—and, because we constantly dive deep to understand the needs of our customers and shareholders, we were executing these moves long before they were suggested.
We believe that Engine Capital’s self-serving campaign would derail our compelling value creation strategy.
Every vote counts. VOTE TODAY.
Our board of directors does NOT endorse the election of Engine Capital’s nominees and urges you to vote “FOR” only the nominees recommended by our board of directors: Sean Aggarwal, Jill Beggs, Ariel Cohen and Betsey Stevenson.
We urge you to protect the value of your investment in Lyft by following the instructions on the WHITE proxy card to vote “FOR” the nominees and proposals recommended by our board of directors and to disregard any materials and NOT to sign, return or vote using any BLUE proxy card sent to you by or on behalf of Engine Capital, even as a protest vote.
