Rocket Companies, Inc 8-K/A, filed Feb 27, 2023
Rocket Companies, Inc. (RKT)
8-K/A
2023-02-27
For: 2023-02-08
View Original
Added on
April 08, 2026
About this 8-K/A
Rocket Companies, Inc filed this 8-K/A on February 27, 2023, reporting on events of February 8, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 | ||||||||
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||||||
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
As previously announced on February 13, 2023, Rocket Companies, Inc. (the “Company”) has appointed Bill Emerson as the Company’s Interim Chief Executive Officer, effective June 1, 2023. 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 February 13, 2023 (the “Original Filing”) to disclose certain compensation arrangements in connection with Mr. Emerson’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 February 21, 2023, the Compensation Committee of the Board of Directors of the Company approved a base salary for Mr. Emerson in the amount of $600,000, effective June 1, 2023. Mr. Emerson will also be eligible for a target bonus of 100% of his base salary for 2023. In addition, Mr. Emerson will receive a grant of restricted stock units (“RSUs”) equal to $6,000,000 on March 3, 2023, which will vest in equal installments on each of the first three anniversaries of the date of the grant. 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. Mr. Emerson will enter 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.
The compensation arrangements described above will be provided to Mr. Emerson in connection with his previously announced appointment as the Company’s Interim Chief Executive Officer.
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 27, 2023
| ROCKET COMPANIES, INC. | ||||||||||||||
| By: | /s/ Tina V. John | |||||||||||||
| Name: | Tina V. John | |||||||||||||
| Title: | General Counsel and Secretary | |||||||||||||