iRobot appoints Glen Weinstein as Interim CEO; compensation terms disclosed

IROBOT CORP

Effective Jan 28, 2024, Glen Weinstein named Interim CEO; receives $63,333/month base salary and $63,333/month bonus accrual.
One-time equity award of $1.2M in RSUs, vesting fully 12 months from grant date.
Severance of $430,000 plus full vesting of equity award and 12-month acceleration of other time-based awards upon qualifying termination.
If no permanent CEO appointed by Dec 31, 2024, parties agree to good-faith renegotiation of terms.
Compensation replaces prior CEO severance terms; Executive Agreement superseded where this agreement is more favorable.

item 5.02 item 9.01

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Appointed (interim)

Glen Weinstein

Interim Chief Executive Officer

IROBOT CORP

Filed: March 26, 2024, 7:59 PM ET

On March 26, 2024, Glen Weinstein executed an employment agreement as the Interim Chief Executive Officer of iRobot Corporation (the “Company”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Glen Weinstein was appointed as Interim Chief Executive Officer at IROBOT CORP.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On March 26, 2024, Glen Weinstein executed an employment agreement as the Interim Chief Executive Officer of iRobot Corporation (the “Company”).

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Source: SEC EDGAR

accession 0001159167-24-000017

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