secwatch.observer — SEC 8-K summary
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Issuer:     IROBOT CORP (—)
CIK:        0001159167
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001159167-24-000017
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRobot appoints Glen Weinstein as Interim CEO; compensation terms disclosed
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- 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- Compensation replaces prior CEO severance terms; Executive Agreement superseded where this agreement is more favorable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1159167/000115916724000017/0001159167-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1159167/000115916724000017/irbt-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001159167-24-000017

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