secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0000950170-25-052689
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017025052689/0000950170-25-052689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017025052689/smrt-20250409.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-052689

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