---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-22-002821"
form_type: "8-K"
ticker: "RXT"
cik: "0001810019"
company_name: "Rackspace Technology, Inc."
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T06:05:09.081469+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Amar Maletira becomes Rackspace CEO effective Sept 23; transition agreement with former CEO Kevin Jones

## Summary
- New CEO Amar Maletira receives $900,000 salary and 150% target bonus; one-time equity grant of ~$15M (50% RSUs, 50% PSUs).
- Annual equity awards starting 2023 with total grant date value of ~$11M.
- Former CEO Kevin Jones remains employee until Oct 30, 2022; eligible for one year salary, target bonus, health benefits, pro-rated equity vesting.
- Jones also receives RSU grant of ~$1.16M, vesting after 18 months if restrictive covenants met.
- Jones eligible for reimbursement of certain relocation expenses including lease breakage and out-of-pocket costs.

## SEC filing metadata
- accession: 0000950142-22-002821
- form_type: 8-K
- ticker: RXT
- cik: 0001810019
- company_name: Rackspace Technology, Inc.
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810019/000095014222002821/0000950142-22-002821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810019/000095014222002821/eh220291722_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-22-002821
- JSON: https://secwatch.observer/filing/0000950142-22-002821.json
- Plain text: https://secwatch.observer/filing/0000950142-22-002821.txt

## Key facts
- Executive change
  Kevin Jones departed as Chief Executive Officer at Rackspace Technology, Inc..
  - Role: Chief Executive Officer
  source text: a transition agreement and release with Kevin Jones, the Company’s former Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810019/000095014222002821/0000950142-22-002821-index.htm
- Executive change
  Amar Maletira was appointed as Chief Executive Officer at Rackspace Technology, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On September 27, 2022, in connection with the previously announced appointment by Rackspace Technology, Inc. (the “Company” or “Rackspace”) of Amar Maletira as the Company’s Chief Executive Officer effective September 23, 2022, the Company entered into an amended and restated employment agreement with Mr. Maletira
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810019/000095014222002821/0000950142-22-002821-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.