Root, Inc. Director Departs; Executive Compensation Details
Ticker: ROOT · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1788882
| Field | Detail |
|---|---|
| Company | Root, INC. (ROOT) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, executive-compensation, financial-statements
Related Tickers: ROOT
TL;DR
Root Inc. director David R. White out, exec comp details filed.
AI Summary
Root, Inc. announced on November 13, 2024, the departure of director David R. White. The company also reported on compensatory arrangements for its named executive officers and filed financial statements and exhibits. The filing does not disclose specific dollar amounts related to these events.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence.
Risk Assessment
Risk Level: low — The filing primarily concerns director departure and compensatory arrangements, which are routine corporate events and do not indicate immediate financial distress or significant operational changes.
Key Players & Entities
- Root, Inc. (company) — Registrant
- David R. White (person) — Departing Director
- November 13, 2024 (date) — Date of earliest event reported
FAQ
Who is David R. White and what was his role at Root, Inc.?
David R. White was a director of Root, Inc. His specific committee memberships or tenure are not detailed in this filing.
What is the effective date of David R. White's departure?
The filing reports November 13, 2024, as the date of the earliest event, implying this is the effective date of the departure.
Does this filing provide details on the compensation of Root, Inc.'s named executive officers?
Yes, the filing indicates that information regarding compensatory arrangements of certain officers is being reported.
Are any financial statements included with this 8-K filing?
Yes, the filing explicitly states that financial statements and exhibits are being filed.
What is the primary reason for this 8-K filing?
The primary reasons for this 8-K filing are the departure of a director, election of directors, appointment of officers, and details on compensatory arrangements, along with the filing of financial statements and exhibits.
Filing Stats: 787 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-11-15 16:06:19
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value ROOT The Nasdaq Stock Market
Filing Documents
- root-20241113.htm (8-K) — 28KB
- a101formofrootinc2020equit.htm (EX-10.1) — 60KB
- a102formofrootinc2020equit.htm (EX-10.2) — 54KB
- 0001628280-24-048094.txt ( ) — 290KB
- root-20241113.xsd (EX-101.SCH) — 2KB
- root-20241113_lab.xml (EX-101.LAB) — 22KB
- root-20241113_pre.xml (EX-101.PRE) — 13KB
- root-20241113_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1# Form of Root, Inc. 2020 Equity Incentive Plan Performance-Based RSU Award Grant Notice and Agreement (2024 Grant) 10.2# Form of Root, Inc. 2020 Equity Incentive Plan Performance-Based RSU Award Grant Notice and Agreement Retirement-Eligible (2024 Grant) 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. # Indicates management contract or compensatory plan.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ROOT, INC. Dated: November 15, 2024 By: /s/ Alexander Timm Alexander Timm Chief Executive Officer and Director