## Filing Overview **Filing Date**: 12-05-2024 **Type of Filing**: [[Filing Definitions#8-K|Form 8-K]] --- ## Notes - On **December 3, 2024**, Rocket Lab USA, Inc. entered into an agreement with The Equatorial Trust, a family trust established by Sir [[Peter Beck]], to exchange **50,951,250 shares of common stock** for an equal number of shares in the newly created **Series A Convertible Participating Preferred Stock**. - The preferred stock allows Sir [[Peter Beck]] to retain proportional voting power and board representation rights equivalent to his prior common stock holdings. This arrangement supports long-term retention and estate planning while avoiding equity dilution for shareholders. - The **Preferred Stock Exchange** was approved by a special committee of independent directors, citing Sir Peter's critical role in the company’s success and leadership. - Sir Peter's employment agreement was amended to provide a **$800,000 annual base salary** retroactive to October 1, 2024, along with equity awards totaling **789,373 restricted stock units (RSUs)** for fiscal year 2024. Additional RSUs valued at **$8,000,000** will be awarded in fiscal year 2025, subject to vesting. --- ## Filing ![[feb5cee8-3714-4381-91f8-06969dfc0567.pdf]]