Kristin Sverchek
About Kristin Sverchek
Kristin Sverchek is a Class I independent director of Kodiak AI, Inc. (the company formed via AACT’s de‑SPAC process), age 43, with legal and operational leadership experience in high‑growth technology companies . Her background includes President and Advisor roles at Lyft and a decade as Lyft’s General Counsel; she holds a B.A. in Molecular & Cell Biology (UC Berkeley) and a J.D. (UC Law San Francisco) . Note: AACT’s most recent filings do not list Ms. Sverchek as an AACT director; she appears on the post‑combination (Kodiak AI) board, not on the SPAC board itself .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lyft, Inc. | President | Jul 2023 – Aug 2024 | Senior operating leadership during product and org transitions |
| Lyft, Inc. | Advisor | Aug 2024 – Nov 2024 | Advisory support post presidency |
| Lyft, Inc. | President of Business Affairs | Nov 2021 – Jul 2023 | Oversight of strategic business/legal affairs |
| Lyft, Inc. | General Counsel; Secretary | Nov 2012 – Oct 2021; Oct 2015 – Oct 2021 | Built legal function; corporate governance leadership |
| Silicon Legal Strategy, P.C. | Partner | May 2011 – Nov 2012 | Early‑stage tech legal advisory |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Kodiak AI, Inc. | Class I Director | May 2025 – present | Member, Audit Committee; Chair, Nominating & Corporate Governance |
Board Governance
- Independence: Board determined Ms. Sverchek is independent under Nasdaq rules (Kodiak AI board; majority independent) .
- Committee assignments: Member of the Audit Committee; Chair of the Nominating & Corporate Governance Committee (Kodiak AI) .
- Tenure: Served as director of Legacy Kodiak since May 2025; continues on the post‑combination board as a Class I director .
- AACT board status: AACT filings list directors/officers (e.g., David B. Kaplan, Michael J. Arougheti, etc.); Ms. Sverchek is not listed as an AACT director—her governance role is at the de‑SPAC operating company (Kodiak AI) .
Fixed Compensation (Director)
| Period | Cash Retainer ($) | Committee Fees ($) | Meeting Fees ($) | Notes |
|---|---|---|---|---|
| FY 2024 (Legacy Kodiak) | — | — | — | Company disclosed no director cash fees for FY2024 |
Performance Compensation (Director)
| Grant Type | Grant Date | Shares/Options | Grant‑Date Fair Value ($) | Key Terms |
|---|---|---|---|---|
| Stock Options (Legacy Kodiak Common) | 2025 (initial board appointment) | 276,414 options | 1,252,155 | Standard director option grant; specific strike/vesting not disclosed in excerpt |
No performance metric framework (TSR, revenue/EBITDA goals, ESG) was disclosed for director awards in the reviewed filings; grants were time‑based option awards on initial appointment .
Other Directorships & Interlocks
- Current public company boards: Kodiak AI, Inc. (Class I Director) .
- Other public boards: None disclosed in biography; filings list only Kodiak AI board service .
- Interlocks: Audit Committee includes Kenneth Goldman and Scott Tobin; Ms. Sverchek chairs Nominating & Corporate Governance alongside Mohamed Elshenawy and Kenneth Goldman—no disclosed competitive interlocks with AACT’s sponsor counterparties .
Expertise & Qualifications
- Legal/governance: Former Lyft General Counsel and Secretary; extensive governance and regulatory experience .
- Operating leadership: President roles at Lyft (core operator focus) .
- Technology sector: Decade‑plus advising/leading in high‑growth tech environments .
- Education: B.A., UC Berkeley (Molecular & Cell Biology); J.D., UC Law San Francisco .
Equity Ownership
| Holder | Common Stock (#) | Common Stock (%) | Preferred (#) | Preferred (%) | As of |
|---|---|---|---|---|---|
| Kristin Sverchek | — | — | — | — | Nov 6, 2025 (Kodiak AI Principal Securityholders) |
Filings show no reported beneficial ownership by Ms. Sverchek as of the reference date; “—” indicates not listed above 1% or otherwise unreported in the table .
Governance Assessment
- Strengths: Independent status; Audit and Nominating/Governance committee roles; legal/governance depth from Lyft; chairing Nominating & Corporate Governance supports board refresh, oversight of governance frameworks .
- Alignment: Director compensation skewed toward equity (initial option grant), with no cash fees disclosed for FY2024, indicating at‑risk alignment with shareholder value creation in the de‑SPAC operating company .
- Transparency: Option grant size and fair value disclosed; strike price, vesting, and expiration terms not detailed in the cited excerpts, limiting granular pay‑for‑performance assessment .
- Independence/Conflicts: No related‑party transactions involving Ms. Sverchek disclosed in reviewed sections; AACT’s sponsor (Ares) discloses broad conflict frameworks typical for SPACs, but these are sponsor‑level considerations rather than director‑specific issues for Ms. Sverchek at Kodiak AI .
- RED FLAGS (for accuracy): AACT filings do not list Ms. Sverchek as an AACT director; her role is on the post‑combination Kodiak AI board. Investors should anchor governance analysis to Kodiak AI for her committee work and incentives rather than to AACT’s pre‑combination SPAC board .
Sources
- AACT DEF 14A and 10‑K, including beneficial ownership and governance/conflict disclosures .
- Kodiak AI, Inc. S‑1/S‑1/A: board composition, independence, biography, committees; director compensation and principal securityholders .