iRobot Corporation
04/15/2025 | Press release | Distributed by Public on 04/15/2025 14:27
Material Event (Form 8-K)
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.