SmartRent Announces Board and Executive Changes
Ticker: SMRT · Form: 8-K · Filed: Jan 27, 2025 · CIK: 1837014
| Field | Detail |
|---|---|
| Company | Smartrent, Inc. (SMRT) |
| Form Type | 8-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0.0001, $650,000, $2,700,000, $3,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
TL;DR
SmartRent shakes up leadership and comp plans - new board members in, exec comp adjusted.
AI Summary
SmartRent, Inc. announced on January 22, 2025, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel. This report follows the company's previous name change from Fifth Wall Acquisition Corp. I on December 17, 2020.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and board composition can indicate internal shifts that may affect company strategy and performance.
Key Players & Entities
- SmartRent, Inc. (company) — Registrant
- Fifth Wall Acquisition Corp. I (company) — Former company name
- January 22, 2025 (date) — Date of earliest event reported
- December 17, 2020 (date) — Date of name change
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers' but does not specify the exact roles vacated in this excerpt.
Who are the newly elected directors?
The filing mentions the 'Election of Directors' but does not list the names of the newly elected individuals in this excerpt.
What are the details of the compensatory arrangements for certain officers?
The filing notes 'Compensatory Arrangements of Certain Officers' but the specific details are not provided in this initial summary.
When did SmartRent, Inc. change its name from Fifth Wall Acquisition Corp. I?
SmartRent, Inc. changed its name from Fifth Wall Acquisition Corp. I on December 17, 2020.
What is the primary business of SmartRent, Inc. according to the filing?
SmartRent, Inc. is classified under SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373].
Filing Stats: 2,680 words · 11 min read · ~9 pages · Grade level 13.4 · Accepted 2025-01-27 08:05:49
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share SMRT The New York Stock E
- $650,000 — n will receive an annual base salary of $650,000 per year and will be eligible for an an
- $2,700,000 — Stock") with a total intended value of $2,700,000. The number of shares underlying the RS
- $3,500,000 — et number of SP PSUs granted will equal $3,500,000 divided by the simple average of the cl
Filing Documents
- smrt-20250122.htm (8-K) — 80KB
- smrt-ex99_1.htm (EX-99.1) — 19KB
- 0000950170-25-008997.txt ( ) — 229KB
- smrt-20250122.xsd (EX-101.SCH) — 28KB
- smrt-20250122_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Document 99.1 Press release issued by SmartRent, Inc. on January 27, 2025. 104 Cover Page Interactive Data File (formatted as Inline XBRL). SIGNATURE 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. Dated: January 27, 2025 SMARTRENT, INC. By: /s/ Daryl Stemm Name: Daryl Stemm Title: Interim Principal Executive Officer and Chief Financial Officer