8-KLeadership ChangesRegulation FDExhibits & Filings

Rocket Companies, Inc. 8-K Report, Executive Changes (Aug 17, 2026)

Filed August 17, 2026For Securities:RKT

Summary

Rocket Companies, Inc. (RKT) announced a significant change to its Board of Directors on August 17, 2026. The company expanded its board from nine to ten directors and appointed Sarah Watterson as a Class III director. Ms. Watterson brings a diverse background in finance and business operations, including experience at Goldman Sachs and Fortress Investment Group, with specific expertise in mortgage origination and servicing, financial services, and real estate. Her appointment is effective immediately and her term will expire at the 2029 annual meeting of stockholders, subject to election and qualification of her successor. Ms. Watterson has been deemed an independent director by the Board, meeting SEC and NYSE independence standards. Her compensation for this role includes an annual cash retainer of $75,000 and a Restricted Stock Unit (RSU) grant valued at $215,000, which vests after one year. She will also be eligible for future equity grants. The company also filed a press release announcing this appointment, furnished as an exhibit to this 8-K filing. This expansion and appointment are intended to enhance the board's strategic oversight and expertise.

Key Highlights

  • 1Rocket Companies, Inc. expanded its Board of Directors from nine to ten members.
  • 2Sarah Watterson has been appointed as a new Class III director.
  • 3Ms. Watterson possesses extensive experience in finance, investment management, and real estate, including mortgage origination and servicing.
  • 4The Board has determined that Ms. Watterson meets all independence requirements.
  • 5Ms. Watterson's compensation package includes a $75,000 annual cash retainer and a $215,000 RSU grant vesting over one year.
  • 6The appointment is effective August 17, 2026, with a term extending to the 2029 annual meeting.

Frequently Asked Questions

Sarah Watterson's appointment signifies an expansion of the Board of Directors and brings a wealth of experience in finance, investment management, and business operations, particularly within sectors relevant to Rocket Companies, such as mortgage origination and servicing, and real estate. Her expertise is expected to contribute to the company's strategic direction and governance.

Ms. Watterson has a strong financial background, starting her career at Goldman Sachs and later serving as a Managing Director at Fortress Investment Group. She has evaluated and managed businesses across various sectors, including financial services, hospitality, real estate, and transportation. She also has experience with high-speed rail development and has held leadership roles in accessing public capital markets.

As a new independent director, Ms. Watterson will receive an annual cash retainer of $75,000, prorated for her initial term. She will also receive an initial grant of Restricted Stock Units (RSUs) valued at $215,000, which will vest after one year. She will be eligible for future equity grants consistent with other non-affiliate directors.

Yes, the Board of Directors has determined that Ms. Watterson meets all applicable independence standards set by the Securities and Exchange Commission and the New York Stock Exchange listing rules. She is considered free of any material relationship with the Company outside of her directorship.