secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vroom, Inc. (VRM)
CIK:        0001580864
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000950170-22-020461
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vroom appoints Timothy Crow to board; director Fred Terrell resigns
-------------------------------------------------------------------

- Timothy Crow appointed to board effective Oct 26, 2022; serves on Compensation and Nominating committees.
- Crow is CEO of Fernwood Holdings and former EVP/CHRO of The Home Depot (2007–2017).
- Crow receives annual retainers: $30K board, $2.5K Compensation, $2K Nominating, plus $100K initial RSU grant.
- Fred Terrell resigned Oct 26, 2022; departure not due to any disagreement with company.
- Crow's initial RSU vests 1/3 annually over three years; annual awards vest at next annual meeting or one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580864/000095017022020461/0000950170-22-020461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580864/000095017022020461/vrm-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020461

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