leadership
confidence high
sentiment neutral
materiality 0.65
Rapid7 revamps board: four directors out, two new appointees, Nye as lead independent director
Rapid7, Inc.
- Four directors (Burns, Holzman, Schodorf, Sondhi) resigned Aug 27; each to get cash comp through June 30, 2027 and accelerated equity vesting.
- Maria Barrett (retired Lt Gen, ex-Commander of Army Cyber Command) and Julian Waits (current CXO) elected to board effective Sept 1, 2026.
- Waits transition: receives 6 months base salary payment, continues as non-executive through Dec 31, 2026, and retains vesting on RSU/PSU awards.
- J. Benjamin Nye appointed Lead Independent Director effective Aug 27, 2026; board size fixed at nine; committee chairs set.
- Resignations not tied to any disagreement; new directors will sign standard indemnification agreements.