8-KLeadership Changes

Roblox Corp 8-K Report, Executive Changes (Jul 28, 2022)

Filed July 28, 2022For Securities:RBLX

Summary

Roblox Corporation (RBLX) announced a key leadership change in its finance department through an 8-K filing on July 27, 2022, reporting an event date of July 25, 2022. The primary focus of this filing is the appointment of Amy Rawlings as the new Chief Accounting Officer (CAO), who will also serve as the Principal Accounting Officer for SEC reporting purposes. This appointment is effective July 26, 2022, and signifies a move towards stabilizing the company's senior financial leadership. Ms. Rawlings brings substantial experience to Roblox, having most recently served as CAO at Zynga Inc. and holding previous roles as Vice President – Corporate Controller at Zynga, as well as an audit background at Ernst & Young LLP. Her compensation package includes a base salary of $500,000 and a significant restricted stock unit (RSU) award valued at $3.0 million, vesting over time and subject to the company's equity incentive plan. This appointment suggests a commitment to attracting and retaining experienced financial talent essential for a growing public company.

Key Highlights

  • 1Appointment of Amy Rawlings as Chief Accounting Officer (CAO) and Principal Accounting Officer, effective July 26, 2022.
  • 2Deepika Gupta ceases to serve as interim Principal Accounting Officer but remains Senior Director of Technical Accounting and Reporting.
  • 3Amy Rawlings has prior experience as CAO at Zynga Inc. and a background in public accounting with Ernst & Young LLP.
  • 4Ms. Rawlings' compensation includes an annual base salary of $500,000.
  • 5Ms. Rawlings receives a Restricted Stock Unit (RSU) award valued at $3.0 million, subject to vesting conditions.
  • 6The RSU award will be granted under Roblox's 2020 Equity Incentive Plan.
  • 7Ms. Rawlings is eligible for future quarterly equity refresh awards.
  • 8No undisclosed arrangements or family relationships exist between Ms. Rawlings and the company's directors or executive officers.

Frequently Asked Questions

Amy Rawlings has been appointed as the new Chief Accounting Officer (CAO) and Principal Accounting Officer for Roblox, effective July 26, 2022.

Amy Rawlings previously served as the Chief Accounting Officer of Zynga Inc. from August 2021 to July 2022. Before that, she held various roles at Zynga, including Vice President – Corporate Controller, and also has audit experience from her time at Ernst & Young LLP.

Ms. Rawlings will receive an annual base salary of $500,000 and a restricted stock unit (RSU) award valued at $3.0 million. The RSUs are subject to vesting based on continued employment and are part of the company's 2020 Equity Incentive Plan. She is also eligible for future equity refresh awards.

Deepika Gupta will cease serving as the interim Principal Accounting Officer upon Ms. Rawlings' appointment but will continue in her role as Senior Director of Technical Accounting and Reporting.