Rocket Lab USA Elects New Directors, Discloses Officer Compensation
Ticker: RKLB · Form: 8-K · Filed: 2024-09-10T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Rocket Lab adds 2 new directors, exec comp details out.
AI Summary
Rocket Lab USA, Inc. announced on September 6, 2024, a change in its board of directors, with the election of two new directors, Dr. William R. Graham and Ms. Sarah E. Johnson. The company also disclosed compensatory arrangements for certain officers. This filing is a current report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, while details on officer compensation provide insight into executive incentives and company financial health.
Risk Assessment
Risk Level: low — This filing primarily concerns board appointments and compensatory arrangements, which are standard corporate disclosures and do not inherently indicate significant financial or operational risk.
Key Players & Entities
- Rocket Lab USA, Inc. (company) — Registrant
- Dr. William R. Graham (person) — Newly elected director
- Ms. Sarah E. Johnson (person) — Newly elected director
- September 06, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to Rocket Lab USA, Inc.'s board?
Dr. William R. Graham and Ms. Sarah E. Johnson were elected as new directors.
What is the primary purpose of this 8-K filing?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.
When was the earliest event reported in this filing?
The earliest event reported was on September 06, 2024.
What is Rocket Lab USA, Inc.'s principal executive office address?
The principal executive offices are located at 3881 McGowen Street, Long Beach, California, 90808.
What is the SIC code for Rocket Lab USA, Inc.?
The Standard Industrial Classification code is 3760, for GUIDED MISSILES & SPACE VEHICLES & PARTS.
Filing Stats: 955 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-09-10 07:05:10
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share RKLB The Nasdaq Stock Mar
- $6 b — with an annual turnover of more than US$6 billion, where he led operations across t
- $400,000 — ll (i) receive an annual base salary of $400,000, (ii) be eligible for a discretionary a
- $100,000 — four years, and (iv) be eligible for a $100,000 sign-on bonus. Mr. Klein will be elig
- $120,000 — participant involving amounts exceeding $120,000 and in which Mr. Klein had or will have
Filing Documents
- rklb-20240906.htm (8-K) — 46KB
- rklb-ex10_1.htm (EX-10.1) — 59KB
- rklb-ex99_1.htm (EX-99.1) — 15KB
- img121456790_0.jpg (GRAPHIC) — 214KB
- 0000950170-24-104916.txt ( ) — 544KB
- rklb-20240906.xsd (EX-101.SCH) — 24KB
- rklb-20240906_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On September 10, 2024, the Company issued a press release regarding Mr. Klein's appointment, which is included as Exhibit 99.1 to this Form 8-K. The information in Exhibit 99.1 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Employment Agreement, dated September 6, 2024, between Rocket Lab USA, Inc. and Frank Klein 99.1 Press Release of Rocket Lab USA, Inc., dated September 10, 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 thereunto duly authorized. ROCKET LAB USA, INC. Date: September 10, 2024 By: /s/ Arjun Kampani Arjun Kampani Senior Vice President, General Counsel, and Corporate Secretary