secwatch.observer — SEC 8-K summary
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Issuer:     Rapid7, Inc. (RPD)
CIK:        0001560327
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001560327-24-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Rapid7 appoints Scott Murphy as Chief Accounting Officer, effective March 4, 2024
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- Scott Murphy, formerly CAO at Booz Allen Hamilton, named SVP and Chief Accounting Officer.
- Annual base salary of $370,000; eligible for annual bonus equal to 50% of base salary.
- One-time cash sign-on bonus of $75,000, repayable if terminated for cause or voluntarily resigns during first year.
- Restricted stock unit award valued at ~$800,000, vesting over three years (1/3 on April 15, 2025, then quarterly).
- Tim Adams (CFO) will step down as principal accounting officer when Murphy starts on March 4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560327/000156032724000005/0001560327-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560327/000156032724000005/rp-20240107.htm
  HTML page:      https://secwatch.observer/filing/0001560327-24-000005

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