Rocket Companies Files Routine 8-K on Governance, Compensation

TL;DR

**Rocket Companies filed a routine 8-K, no major news for investors.**

AI Summary

Rocket Companies, Inc. filed an 8-K on February 1, 2024, to report on the departure or election of directors and officers, compensatory arrangements, and Regulation FD disclosure. This filing indicates standard corporate governance updates and does not reveal any specific changes in leadership or compensation details within the provided text. For investors, this matters because it signals routine compliance without any immediate red flags or significant strategic shifts that would impact the stock price.

Why It Matters

This filing is a standard corporate update, indicating no immediate major changes in leadership or executive compensation that would directly impact Rocket Companies' strategic direction or financial performance.

Risk Assessment

Risk Level: low — The filing is a standard regulatory update with no specific details indicating new risks or significant changes.

Analyst Insight

A smart investor would note this as a routine compliance filing and look for more detailed information in future filings or press releases if specific changes in leadership or compensation are expected, as this document provides no actionable specifics.

Key Players & Entities

• Rocket Companies, Inc. (company) — the registrant filing the 8-K
• February 1, 2024 (date) — date of earliest event reported and filing date
• Delaware (company) — state of incorporation for Rocket Companies, Inc.
• New York Stock Exchange (company) — exchange where Class A common stock is registered
• RKT (company) — trading symbol for Rocket Companies, Inc.

FAQ

Key Financial Figures

• $0.00001 — tered Class A common stock, par value $0.00001 per share RKT New York Stock Exchan
• $75,000 — will receive an annual cash retainer of $75,000, prorated for partial years of service.
• $215,000 — ") with an initial grant value equal to $215,000, subject to vesting after one year. The

Filing Documents

• eh230443815_8k.htm (8-K) — 30KB
• eh230443815_ex9901.htm (EX-99.1) — 11KB
• 0000950142-24-000254.txt ( ) — 215KB
• rkt-20240201.xsd (EX-101.SCH) — 3KB
• rkt-20240201_lab.xml (EX-101.LAB) — 33KB
• rkt-20240201_pre.xml (EX-101.PRE) — 22KB
• eh230443815_8k_htm.xml (XML) — 3KB

02. Departure of Directors or Certain Officers; Election of Directors; Appointment

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 1, 2024, the Board of Directors (the "Board") of Rocket Companies, Inc. (the "Company"), upon the recommendation of the Nominating and Governance Committee of the Board, voted to expand the Board from eight directors to nine directors and to fill the newly created vacancy on the Board by appointing Alastair Rampell to serve as a Class II director, effective February 1, 2024, for a term expiring at the Company's annual meeting of stockholders to be held in 2025 and until his successor is elected and qualified, subject to his earlier death, resignation, retirement, disqualification or removal. Mr. Rampell has been a General Partner at Andreessen Horowitz, where he focuses on financial services, since October 2015. Mr. Rampell serves on the boards of several Andreessen Horowitz portfolio companies and has led a number of Andreessen Horowitz's investments. Prior to joining Andreessen Horowitz, Mr. Rampell co-founded multiple companies including Affirm, FraudEliminator, Point, TrialPay, TXN, and Yub. He holds a BA in Applied Mathematics and Computer Science from Harvard University. The Board determined that Mr. Rampell meets all of the applicable standards of independence for members of the Board established by (i) the laws, rules and regulations of the Securities and Exchange Commission and (ii) the listing standards of the New York Stock Exchange. The Board determined that Mr. Rampell is independent and free of any material relationship with the Company or any of the Company's subsidiaries, other than through his service as a director of the Company. Neither Mr. Rampell nor any of his immediate family members has had (or proposes to have) a direct or indirect interest in a transaction in which the Company or any of the Company's subsidiaries was (or is to be) a participant, that would be required

01

Item 7.01. Regulation FD. On February 1, 2024, the Company issued a press release announcing the appointment of Mr. Rampell as an independent director to the Board. A copy of that press release is furnished as Exhibit 99.1 of this Current Report and incorporated herein by reference. The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated February 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 1, 2024 ROCKET COMPANIES, INC. By: /s/ Tina V. John Name: Tina V. John Title: General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR