SmartRent CEO Paladin resigns; interim CEO named; Q1 revenue seen down 18-20% YoY

SmartRent, Inc.

Shane Paladin stepped down as President, CEO, and Board member effective April 9, 2025.
Chairman John Dorman appointed interim CEO; Board reinitiated search with executive search firm.
Preliminary Q1 2025 revenue expected $40.5-$41.5M, an 18-20% decline from Q1 2024.
Paladin will serve as advisor for up to three months; separation includes $81,250 cash and advisor fee.
Dorman receives $54,167/month base salary, $162,500 bonus if serving through June 30, and $250K RSU grant.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael Shane Paladin

President and Chief Executive Officer

SMRT · SmartRent, Inc.

Effective: 2025-04-09
Successor: John Dorman
Filed: April 10, 2025, 7:59 PM ET

the Company announced the departure of Michael Shane Paladin, the Company’s President and Chief Executive Officer (“CEO”) and member of the Company’s Board of Directors (the “Board”) effective April 9, 2025.

Appointed (interim)

John Dorman

interim President and interim Chief Executive Officer

SMRT · SmartRent, Inc.

Effective: 2025-04-09
Filed: April 10, 2025, 7:59 PM ET

The Company has appointed John Dorman, the Company’s Chairperson of the Board (“Board Chair”), as the Company’s interim President and interim Chief Executive Officer (together, “Interim CEO”), effective as of April 9, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

the Company announced the departure of Michael Shane Paladin, the Company’s President and Chief Executive Officer (“CEO”) and member of the Company’s Board of Directors (the “Board”) effective April 9, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John Dorman was appointed as interim President and interim Chief Executive Officer at SmartRent, Inc..

Action: appointed
Role: interim President and interim Chief Executive Officer

Exact text from the filing

The Company has appointed John Dorman, the Company’s Chairperson of the Board (“Board Chair”), as the Company’s interim President and interim Chief Executive Officer (together, “Interim CEO”), effective as of April 9, 2025.

View on SEC.gov

SmartRent, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-052689

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