---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-008529"
form_type: "8-K"
ticker: "VRM"
cik: "0001580864"
company_name: "Vroom, Inc."
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:24:21.615865+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vroom appoints Thomas Shortt as CEO; grants performance-based equity awards

## Summary
- Thomas H. Shortt appointed CEO, replacing Paul J. Hennessy effective May 9, 2022.
- Robert J. Mylod, Jr. appointed Independent Executive Chair to support leadership transition.
- Shortt's base salary increased to $700k; annual target bonus set at 100% of salary.
- Received RSU grant for 1.2M shares with vesting based on stock price thresholds ($7.50, $15, $21).
- Received option grant for 600k shares at $7.50 exercise price, vesting over three years.

## SEC filing metadata
- accession: 0000950170-22-008529
- form_type: 8-K
- ticker: VRM
- cik: 0001580864
- company_name: Vroom, Inc.
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/vrm-20220509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-008529
- JSON: https://secwatch.observer/filing/0000950170-22-008529.json
- Plain text: https://secwatch.observer/filing/0000950170-22-008529.txt

## Key facts
- Executive change
  Robert J. Mylod, Jr. was appointed as Independent Executive Chair at Vroom, Inc..
  - Action: appointed
  - Role: Independent Executive Chair
  source text: Robert J. Mylod, Jr., the current Chairperson of the Board, has been appointed as the Independent Executive Chair of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm
- Executive change
  Thomas H. Shortt was appointed as Chief Executive Officer at Vroom, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed Thomas H. Shortt as the Company's Chief Executive Officer, to succeed Paul J. Hennessy upon Mr. Hennessy's resignation as Chief Executive Officer and a director of the Company, in each case effective as of May 9, 2022 (the "Effective Date"). Mr. Shortt ceased serving as the Company's Chief Operating Officer as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm
- Executive change
  Paul J. Hennessy resigned as Director at Vroom, Inc..
  - Action: resigned
  - Role: Director
  source text: upon Mr. Hennessy's resignation as Chief Executive Officer and a director of the Company, in each case effective as of May 9, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm
- Executive change
  Paul J. Hennessy resigned as Chief Executive Officer at Vroom, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: upon Mr. Hennessy's resignation as Chief Executive Officer and a director of the Company, in each case effective as of May 9, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm
- Executive change
  Thomas H. Shortt was appointed as Director at Vroom, Inc..
  - Action: appointed
  - Role: Director
  source text: Mr. Shortt has been appointed to the Board to fill the vacancy created by Mr. Hennessy's resignation, effective as of the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm

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