secwatch.observer — SEC 8-K summary
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Issuer:     Root, Inc. (ROOT)
CIK:        0001788882
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001628280-23-005851
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/0001628280-23-005851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788882/000162828023005851/root-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005851

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