Root Inc. terminates CFO Robert Bateman for cause; names Megan Binkley interim CFO

Root, Inc.

Robert Bateman terminated for cause as CFO and Treasurer on March 1, 2023, for violation of company policies; no severance.
Megan Binkley appointed interim CFO and Treasurer, effective immediately; previously Deputy CFO and Chief Accounting Officer.
Bateman's termination not related to financial or operating results or disagreements on reporting practices.
Binkley's employment agreement includes base salary $278,100, annual bonus up to 50%, and RSU grants.

item 5.02 item 9.01

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Appointed (interim)

Megan Binkley

interim Chief Financial Officer and Treasurer

ROOT · Root, Inc.

Effective: 2023-03-01
Filed: March 1, 2023, 6:59 PM ET

On March 1, 2023, Megan Binkley was named interim Chief Financial Officer and Treasurer of Root, Inc. (the “Company”), effective immediately.

Departed

Robert Bateman

Chief Financial Officer and Treasurer

ROOT · Root, Inc.

Effective: 2023-03-01
Successor: Megan Binkley
Filed: March 1, 2023, 6:59 PM ET

On March 1, 2023, Robert Bateman was terminated for cause as an employee and Chief Financial Officer and Treasurer of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Megan Binkley was named as interim Chief Financial Officer and Treasurer at Root, Inc..

Action: named
Role: interim Chief Financial Officer and Treasurer

Exact text from the filing

On March 1, 2023, Megan Binkley was named interim Chief Financial Officer and Treasurer of Root, Inc. (the “Company”), effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Bateman departed as Chief Financial Officer and Treasurer at Root, Inc..

Action: terminated for cause
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On March 1, 2023, Robert Bateman was terminated for cause as an employee and Chief Financial Officer and Treasurer of the Company

View on SEC.gov

Root, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-005851

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