SmartRent, Inc 8-K, filed Feb 3, 2025
SmartRent, Inc. (SMRT)
About this 8-K
SmartRent, Inc filed this 8-K on February 3, 2025, reporting on events of January 30, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 30, 2025, the Board of Directors (the “Board”) of SmartRent, Inc. (the “Company”), upon the recommendation of the Board’s Nominating and Corporate Governance Committee (the “Nominating Committee”), appointed Ana Pinczuk to the Board as a Class III director to serve until the Company’s 2027 annual meeting of stockholders. The Board also appointed Ms. Pinczuk to serve as a member of the Board’s Compensation Committee and the Nominating and Corporate Governance Committee.
Ms. Pinczuk will participate in the Company’s non-employee director compensation policy and receive the standard compensation that is provided from time to time to the Company’s non-employee directors pursuant thereto, including an initial award of restricted stock units covering 28,684 shares of the Company’s common stock that was granted automatically on January 30, 2025, the first trading day on or after the date of commencement of her services as a non-employee director, which number of shares reflects a proration for the director services to be provided by Ms. Pinczuk during the one-year period from May 14, 2024, the date of the Company’s 2024 annual meeting of stockholders. The award is scheduled to vest as to all of the underlying shares upon the earlier of (x) May 14, 2025, which is the one-year anniversary of the date of the Company’s then most recently held annual meeting of stockholders, or (y) the date immediately prior to the Company’s next annual meeting of stockholders, subject to Ms. Pinczuk’s continued service through such vesting date. In addition, Ms. Pinczuk will enter into the Company’s standard indemnification agreement, the form of which was filed with the Securities and Exchange Commission (the “SEC”) as Exhibit 10.8 to the Company’s Annual Report on Form 10-K, filed on March 5, 2024.
There is no arrangement or understanding between Ms. Pinczuk and any other persons pursuant to which Ms. Pinczuk was selected as a director. There are no related person transactions within the meaning of Item 404(a) of Regulation S-K promulgated by the SEC between the Company and Ms. Pinczuk required to be disclosed herein.
Item 7.01 Regulation FD Disclosure.
On February 3, 2025, the Company issued a press release announcing the appointment of Ms. Pinczuk to the Board, described above. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information set forth in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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99.1 |
Press release issued by SmartRent, Inc. on February 3, 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: February 3, 2025
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SMARTRENT, INC. |
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/s/ Daryl Stemm |
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Daryl Stemm |
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Interim Principal Executive Officer
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Exhibit 99.1
SmartRent Appoints Ana Pinczuk to its Board of Directors
Accomplished Executive Brings Decades of Experience Driving Technology Innovation and Business Growth
Scottsdale, Ariz., February 3, 2025 — SmartRent, Inc. (NYSE: SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Ana Pinczuk to its Board of Directors. She will serve as a member of the Compensation and Nominating and Corporate Governance Committees.
Pinczuk brings more than 30 years of experience in leadership and executive roles across a variety of technology companies spanning AI, robotics, SaaS, data storage and cybersecurity. Most recently, she served as Chief Operating Officer of Dexterity, a leading AI robotics software company specializing in logistics automation. Prior to that she was the Chief Development Officer of Anaplan (NYSE: PLAN); Chief Product Officer of Veritas; and President and General Manager of HPE Pointnext at Hewlett Packard Enterprise (NYSE: HPE). She has also held various senior sales and engineering leadership roles at Cisco (NASDAQ: CSCO).
Pinczuk currently serves on the boards of Aptiv (NYSE: APTV) and SentinelOne (NYSE: S) and advises and invests in technology startups. She previously served on the boards of FIVE9 Inc. (NASDAQ: FIVN) and KLA Corp (NASDAQ: KLAC). Pinczuk also advises organizations in the nonprofit sector, serving as a board trustee of Cornell University and a board member of both AI4All and the Latino Donor Collaborative.
“Ana is a seasoned leader with a strong history of driving business transformation and leading highly effective teams across the technology sector,” said John Dorman, Chairman of the SmartRent Board of Directors. “Her extensive experience scaling SaaS companies, advancing technology innovation and improving business performance will be instrumental as we continue delivering software to solve complex challenges for our customers. We look forward to applying her insights to help us accelerate market expansion and deliver greater value for our customers, partners and shareholders.”
Pinczuk has been widely recognized for her business and leadership acumen. She was named a Top 100 Latino Leader by Board Prospects in 2024, Latino Leaders’ Top 100 Most Influential Latinas in 2021 and 2020 and Fortune’s Top 50 Latinas in 2018 and 2017.
About SmartRent
Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent’s end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The company’s differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.
Exhibit 99.1
Media Contact
Amanda Chavez - Vice President, Marketing and Communications
media@smartrent.com
Investor Contact
Kelly Reisdorf - Head of Investor Relations
investors@smartrent.com