secwatch.observer — SEC 8-K summary
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Issuer:     Vroom, Inc. (VRM)
CIK:        0001580864
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0000950170-22-008529
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/0000950170-22-008529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580864/000095017022008529/vrm-20220509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-008529

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer