secwatch.observer — SEC 8-K summary
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Issuer:     ROKU, INC (ROKU)
CIK:        0001428439
Form:       8-K
Filed at:   2022-09-14T23:59:59+00:00
Accession:  0001193125-22-244792
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Roku amends severance plan for VPs and above; adds clawback provision
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- Compensation Committee amended Severance Benefit Plan on Sept 13, 2022.
- Plan covers officers at VP level and above; provides severance on Qualifying Termination.
- For non-CEO, severance multiplier is 9; for CEO, multiplier is 12 months of Monthly TCR or Base Salary.
- Amended plan includes specific reference to Company's ability to recoup incentive compensation (clawback).
- Plan revisions include administrative changes, definitional updates, and conforming updates to laws.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428439/000119312522244792/0001193125-22-244792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428439/000119312522244792/d392908d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-244792

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