New TrueCar CEO Jantoon Reigersman stands to make at least $500,000 in his first year in charge of the vehicle listings company and potentially millions more through a series of stock awards, according to a July 31 filing with the U.S. Securities and Exchange Commission.
Meanwhile, former CEO Mike Darrow will pull in $1 million-plus in compensation for a year after his June 14 departure, based on a June 15 regulatory filing.
Reigersman was promoted from COO to TrueCar's chief executive on June 14 after the company replaced Darrow and announced a restructuring that has slashed 24 percent of its work force. TrueCar, of Santa Monica, Calif., lost more than $20 million in the second quarter, nearly double its loss from a year earlier.
TrueCar is paying Reigersman, who was 41 upon his appointment, an annual base salary of $500,000, according to the filing last month. He's eligible for an annual bonus of 100 percent of his base salary if certain company and …