secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0000950170-25-008997
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017025008997/0000950170-25-008997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017025008997/smrt-20250122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-008997

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