SmartRent names Shane Paladin President and CEO effective Feb 24, 2025

SmartRent, Inc.

Paladin replaces interim CEO Daryl Stemm, who remains CFO; Stemm served as interim principal executive officer since July 2024.
Paladin previously CEO of Siteimprove (PE-backed SaaS) and held senior roles at SAP including President of Services leading 19,000-person team.
Compensation: $650K base salary, target bonus 100% (max 200%), up to $650K sign-on bonus, $2.7M RSUs, $3.5M performance PSUs linked to share price.
Amended employment agreements for three executives (DeRose-Wilson, Stemm, Young) to add severance benefits outside and within a change-in-control period.
Adopted 2025 Inducement Equity Incentive Plan reserving 6.5M shares for grants to new employees as material inducement to employment.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Daryl Stemm

Chief Financial Officer

SMRT · SmartRent, Inc.

Effective: 2025-02-24
Successor: Michael Shane Paladin
Filed: January 27, 2025, 6:59 PM ET

Mr. Paladin will replace Daryl Stemm who had been serving as Interim Principal Executive Officer since July 29, 2024.

Appointed

Michael Shane Paladin

President and Chief Executive Officer

SMRT · SmartRent, Inc.

Effective: 2025-02-24
Filed: January 27, 2025, 6:59 PM ET

On January 27, 2025, SmartRent, Inc. (the “Company”) announced the appointment of Michael Shane Paladin as President and Chief Executive Officer and member of the Board of Directors (the “Board”) of the Company as a Class I director to serve until the Company’s 2025 annual meeting of stockholders, effective as of the date Mr. Paladin’s employment commences with the Company, which is expected to be February 24, 2025 (the “Start Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daryl Stemm changed role as Chief Financial Officer at SmartRent, Inc..

Action: stepped down as interim principal executive officer
Role: Chief Financial Officer

Exact text from the filing

Mr. Paladin will replace Daryl Stemm who had been serving as Interim Principal Executive Officer since July 29, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Shane Paladin was appointed as President and Chief Executive Officer at SmartRent, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 27, 2025, SmartRent, Inc. (the “Company”) announced the appointment of Michael Shane Paladin as President and Chief Executive Officer and member of the Board of Directors (the “Board”) of the Company as a Class I director to serve until the Company’s 2025 annual meeting of stockholders, effective as of the date Mr. Paladin’s employment commences with the Company, which is expected to be February 24, 2025 (the “Start Date”).

View on SEC.gov

SmartRent, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-008997

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