---
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"
generated_at: "2026-06-18T18:34:21.575168+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-005851
- JSON: https://secwatch.observer/filing/0001628280-23-005851.json
- Plain text: https://secwatch.observer/filing/0001628280-23-005851.txt

## Key facts
- Executive change
  Megan Binkley was named as interim Chief Financial Officer and Treasurer at Root, Inc..
  - Action: named
  - Role: interim Chief Financial Officer and Treasurer
  source text: On March 1, 2023, Megan Binkley was named interim Chief Financial Officer and Treasurer of Root, Inc. (the “Company”), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/0001628280-23-005851-index.htm
- Executive change
  Robert Bateman departed as Chief Financial Officer and Treasurer at Root, Inc..
  - Action: terminated for cause
  - Role: Chief Financial Officer and Treasurer
  source text: On March 1, 2023, Robert Bateman was terminated for cause as an employee and Chief Financial Officer and Treasurer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/0001628280-23-005851-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.