{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-005851","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.554067+00:00","generated_at":"2026-06-18T18:34:21.575168+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Root Inc. terminates CFO Robert Bateman for cause; names Megan Binkley interim CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-005851","json":"https://secwatch.observer/filing/0001628280-23-005851.json","markdown":"https://secwatch.observer/filing/0001628280-23-005851.md","text":"https://secwatch.observer/filing/0001628280-23-005851.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/0001628280-23-005851-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/root-20230301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T18:34:21.575168+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"38d47e0c57","claim":"Megan Binkley was named as interim Chief Financial Officer and Treasurer at Root, Inc..","evidence_excerpt":"On March 1, 2023, Megan Binkley was named interim Chief Financial Officer and Treasurer of Root, Inc. (the “Company”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/0001628280-23-005851-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"named"},{"label":"Role","value":"interim Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"},{"claim_id":"940afb60c2","claim":"Robert Bateman departed as Chief Financial Officer and Treasurer at Root, Inc..","evidence_excerpt":"On March 1, 2023, Robert Bateman was terminated for cause as an employee and Chief Financial Officer and Treasurer of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/0001628280-23-005851-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated for cause"},{"label":"Role","value":"Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}