Toast (TOST) Announces Resignation of Chief Accounting Officer

On June 20, 2024, Michael Matlock notified Toast (NYSE: TOST) that he will resign as the Company’s Chief Accounting Officer and principal accounting officer, effective August 9, 2024. Mr. Matlock’s decision to resign was not due to any disagreement relating to the Company’s management, policies or practices.

Following Mr. Matlock’s resignation, Elena Gomez, the Company’s Chief Financial Officer, will serve as the Interim Chief Accounting Officer and interim principal accounting officer while the Company searches for a replacement for Mr. Matlock. Information regarding Ms. Gomez’s background and business experience, contracts between the Company and Ms. Gomez and any related party transactions involving Ms. Gomez is incorporated by reference herein from the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 23, 2024. Ms. Gomez will not receive any additional compensation for assuming the role of Interim Chief Accounting Officer and interim principal accounting officer, and no changes have been made to any plans or arrangements in which Ms. Gomez participates as a result of this appointment.

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