iRobot amends credit agreement, waives going-concern covenant until May 6; issues warrants for 6% of stock at $0.01

IROBOT CORP

Lenders waived going-concern audit opinion and minimum core asset covenants until May 6, 2025.
Returned $40M to lender-controlled account; deferred $4M use fee until May 6.
Pays $3.6M PIK fee (2% of term loans) and issues warrants for 1.84M shares (6% of equity) at $0.01 strike.
Neal P. Goldman appointed to Board; receives $40k/month for min 12 months and $200k RSU vesting in 1 year.

item 1.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Neal P. Goldman

Director

IROBOT CORP

Effective: 2025-03-10
Filed: March 12, 2025, 7:59 PM ET

the Board expanded the size of the Board from eight to nine members and appointed Neal P. Goldman to the Board as a Class II director to fill the newly created vacancy.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Neal P. Goldman was appointed as Director at IROBOT CORP.

Action: appointed
Role: Director

Exact text from the filing

the Board expanded the size of the Board from eight to nine members and appointed Neal P. Goldman to the Board as a Class II director to fill the newly created vacancy.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-25-052480

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