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Engine Capital Nominates Two Highly Qualified and Independent Candidates for Election to Lyft's Board of Directors at the 2025 Annual Meeting

1. Engine Capital nominates two candidates for Lyft's Board of Directors. 2. Nomination represents about 1% ownership in the company.

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FAQ

Why Neutral?

While board nominations can indicate shareholder activism, past similar events have not significantly impacted stock prices for Lyft.

How important is it?

The proxy nomination suggests potential changes in governance, which could affect future strategy and performance.

Why Long Term?

Takes time for board changes to materialize into strategic shifts or stock performance improvements.

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UBERGOOGLAMZN
NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (“Lyft” or the “Company”), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates – Alan L. Bazaar and Daniel B. Silvers – for election to the Company's Board of Directors (the “Board”) at the 2025 Annual Meetin.

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