---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-133686"
form_type: "8-K"
ticker: "RKLB"
cik: "0001819994"
company_name: "Rocket Lab Corp"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:22:04.785999+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rocket Lab CEO converts 50.95M common shares to preferred; enters new employment deal

## Summary
- CEO Sir Peter Beck exchanges 50,951,250 common shares for equal number of Series A Convertible Participating Preferred shares; closing expected early 2025.
- Preferred stock carries 1:1 conversion to common, no scheduled dividends, $0.0001 liquidation preference, and votes on as-converted basis with common.
- Sir Peter designated as Preferred Stock Director term to 2027; holder class can elect additional directors if board exceeds 10 members.
- Amended employment: $800k base salary (retroactive Oct 1, 2024), target bonus 100%, FY24 RSU grants (631,498 + 157,875), FY25 equity award of $8M in RSUs, 24-month non-compete.
- Transaction and compensation package approved by Special Committee of independent directors and are interdependent.

## SEC filing metadata
- accession: 0000950170-24-133686
- form_type: 8-K
- ticker: RKLB
- cik: 0001819994
- company_name: Rocket Lab Corp
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819994/000095017024133686/0000950170-24-133686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819994/000095017024133686/rklb-20241203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-133686
- JSON: https://secwatch.observer/filing/0000950170-24-133686.json
- Plain text: https://secwatch.observer/filing/0000950170-24-133686.txt

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