8-KEarnings & ResultsRegulation FDExhibits & Filings

Rocket Companies, Inc. 8-K Report, Financial Results (Feb 24, 2022)

Filed February 24, 2022For Securities:RKT

Summary

Rocket Companies, Inc. (RKT) filed an 8-K on February 24, 2022, primarily to announce its fourth quarter and full year 2021 financial results via an attached press release. The filing also disclosed a significant special cash dividend of $1.01 per share on its Class A common stock, totaling approximately $2.0 billion, to be funded by distributions from RKT Holdings, LLC. This dividend is a notable event for shareholders, indicating a substantial return of capital. While the 8-K itself doesn't provide the detailed financial performance metrics, it directs investors to the accompanying press release for those specifics. The dividend declaration, however, is a key takeaway from this filing, signaling the company's financial capacity and a direct benefit to its shareholders. Investors should review the referenced press release for a comprehensive understanding of the company's operational and financial standing for the period.

Key Highlights

  • 1Rocket Companies declared a special cash dividend of $1.01 per share for Class A common stock.
  • 2The total special dividend payout is approximately $2.0 billion.
  • 3The dividend will be funded by cash distributions from RKT Holdings, LLC.
  • 4The dividend payment date is March 22, 2022, with a record date of March 8, 2022.
  • 5The 8-K filing incorporates by reference the company's Q4 and full-year 2021 earnings press release, which contains detailed financial results.
  • 6Information furnished under Items 2.02 and 7.01 is not considered 'filed' for certain regulatory purposes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Rocket Companies' financial results for the fourth quarter and full year ended December 31, 2021, through an attached press release, and to disclose the declaration of a special cash dividend.

The special dividend is $1.01 per share for holders of Class A common stock. It is scheduled to be paid on March 22, 2022, to shareholders of record as of the close of business on March 8, 2022.

The detailed financial results are provided in the press release issued by Rocket Companies on February 24, 2022, which is attached as Exhibit 99.1 to this 8-K filing and is incorporated by reference.

The special dividend will be funded by cash distributions totaling approximately $2.0 billion from RKT Holdings, LLC to all of its members, including Rocket Companies, Inc.