iRobot Corporation filed SEC Form 8-K: Other Events
$IRBT
Consumer Electronics/Appliances
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 9, 2025
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Item 8.01 Other Events.
On April 9, 2025, the Board of Directors (the “Board”) of iRobot Corporation (the “Company”) approved a cash retainer of $12,500 per quarter for each member of the Strategic Process Transaction Committee of the Board, effective immediately. In addition, the Board approved modifications to the Company’s non-employee director equity compensation program to change the annual restricted stock unit award for Board service to a cash payment of $200,000, which amount will be paid in quarterly installments commencing on June 6, 2025. These cash payments are in addition to the cash fees paid to non-employee directors for Board and committee service previously disclosed in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on March 31, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 15, 2025 | iRobot Corporation | |||||||
| By: /s/ Kevin Lanouette | ||||||||
| Name: Kevin Lanouette | ||||||||
| Title: Senior Vice President and General Counsel | ||||||||