Rocket Companies Files 8-K/A Amendment
Ticker: RKT · Form: 8-K/A · Filed: 2024-08-30T00:00:00.000Z
Sentiment: neutral
Topics: leadership-change, executive-compensation, amendment
Related Tickers: RKT
TL;DR
Rocket Companies amended an 8-K filing, signaling potential shifts in leadership or executive pay.
AI Summary
Rocket Companies, Inc. filed an 8-K/A amendment on August 30, 2024, related to events on June 20, 2024. The filing concerns the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers.
Why It Matters
This amendment to a previous filing indicates changes in the company's leadership or executive compensation structure, which could impact investor confidence and future strategic direction.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings, especially those concerning officer and director changes or compensation, can signal internal shifts that may affect company performance or strategy.
Key Players & Entities
- Rocket Companies, Inc. (company) — Registrant
- June 20, 2024 (date) — Earliest event date
- August 30, 2024 (date) — Filing date
- 1050 Woodward Avenue, Detroit, MI 48226 (address) — Principal executive offices
FAQ
What specific leadership changes are detailed in this 8-K/A filing?
The filing indicates it pertains to the departure of directors or certain officers, election of directors, and appointment of certain officers, but the specific names and details of these changes are not provided in the provided text.
What is the nature of the compensatory arrangements mentioned?
The filing states that it covers compensatory arrangements of certain officers, but the specifics of these arrangements are not detailed in the provided text.
What is the primary purpose of this 8-K/A filing?
This 8-K/A filing is an amendment to a previous report, addressing events related to director and officer changes and executive compensation.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on June 20, 2024.
What is Rocket Companies, Inc.'s principal executive office address?
Rocket Companies, Inc.'s principal executive office is located at 1050 Woodward Avenue, Detroit, MI 48226.
Filing Stats: 604 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-08-30 16:08:48
Key Financial Figures
- $0.00001 — stered Class A common stock, par value $0.00001 per share RKT New York Stock Exchange
- $600,000 — salary for Mrs. Lovier in the amount of $600,000. Mrs. Lovier will also be eligible for
Filing Documents
- rkt-20240620.htm (8-K/A) — 25KB
- 0001805284-24-000145.txt ( ) — 145KB
- rkt-20240620.xsd (EX-101.SCH) — 2KB
- rkt-20240620_lab.xml (EX-101.LAB) — 21KB
- rkt-20240620_pre.xml (EX-101.PRE) — 12KB
- rkt-20240620_htm.xml (XML) — 3KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. As previously announced on June 26, 2024, Rocket Companies, Inc. (the "Company") has appointed Heather Lovier as the Company's Chief Operating Officer, effective June 20, 2024. This Current Report on Form 8-K/A ("Amendment No. 1") amends Item 5.02 of the Company's Current Report on Form 8-K filed on June 26, 2024 (the "Original Filing") to disclose certain compensation arrangements in connection with Mrs. Lovier's appointment, which arrangements had not yet been determined when the Original Filing was filed. This Amendment No. 1 supplements the Original Filing and should be read in conjunction with the Original Filing. On August 26, 2024, the Compensation Committee of the Board of Directors of the Company approved a base salary for Mrs. Lovier in the amount of $600,000. Mrs. Lovier will also be eligible for a target bonus of 100% of her base salary for 2024. In addition, Mrs. Lovier received a grant of restricted stock units ("RSUs") for 60,153 shares on August 26, 2024, which will vest in six equal, semi-annual installments over a period of three years. The RSUs will be subject to the terms and conditions of the Company's Omnibus Incentive Plan and an award agreement substantially in the form of the publicly filed RSU Agreement. Mrs. Lovier entered into an employment agreement and indemnification agreement with the Company each substantially in the form of the publicly filed Executive Employment Agreement and Indemnification Agreement, respectively.
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: August 30, 2024 ROCKET COMPANIES, INC. By: /s/ Tina V. John Name: Tina V. John Title: Executive Legal Counsel and Secretary