---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-018219"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:25:09.506090+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Root promotes Megan Binkley to CFO, Jon Allison to CAO; hires Jason Shapiro for business development

## Summary
- Megan Binkley named CFO effective May 12, 2023; previously interim CFO since March 1, 2023.
- Binkley's annual base salary increased to $425,000; target annual incentive of 75% of base salary.
- Jon Allison promoted to CAO; will oversee legal, HR, claims, and customer service.
- Jason Shapiro joins as SVP of Business Development from ForeverCar (president) to expand embedded platform.
- All promotions and hires are effective immediately; Binkley also continues as principal accounting officer.

## SEC filing metadata
- accession: 0001628280-23-018219
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000162828023018219/0001628280-23-018219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828023018219/root-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-018219
- JSON: https://secwatch.observer/filing/0001628280-23-018219.json
- Plain text: https://secwatch.observer/filing/0001628280-23-018219.txt

## Key facts
- Executive change
  Megan Binkley was appointed as Chief Financial Officer and Treasurer at Root, Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: On May 12, 2023, Megan Binkley, 39, was appointed Chief Financial Officer and Treasurer of Root, Inc. (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023018219/0001628280-23-018219-index.htm

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