secwatch.observer — SEC 8-K summary
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Issuer:     Rocket Companies, Inc. (RKT)
CIK:        0001805284
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000950142-25-000694
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 3.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocket Companies to collapse Up-C structure, pay $0.80 special dividend, simplify capital
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- Special cash dividend of $0.80 per Class A share, payable April 3, 2025 to holders of record March 20, 2025.
- Up-C Collapse eliminates dual-class structure: founder Daniel Gilbert receives 1-vote Class L shares; will hold 62.38% voting power.
- Class D common stock (10 votes/share) retired; all shares will carry one vote per share post-transaction.
- RHI shareholders (including Gilbert) subject to 1-year lock-up on all shares, 2-year lock-up on 50% of shares.
- Exchange Agreement terminated; Tax Receivable Agreement amended, no early termination payments triggered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805284/000095014225000694/0000950142-25-000694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805284/000095014225000694/eh250601266_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-000694

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