## Filing Overview **Filing Date**: 09-10-2024 **Type of Filing**: [[Filing Definitions#8-K|8-K]] --- ## Notes ### Summary: - Rocket Lab announced the appointment of [[Frank Klein]] as **Chief Operations Officer**, effective **September 16, 2024**. - Mr. Klein brings over 30 years of international manufacturing and leadership experience, having previously held key roles at Magna Steyr AG and Rivian Automotive. - His responsibilities will include scaling manufacturing of spacecraft, launch vehicles, and components to meet more than $1 billion in backlog orders. ### Key Terms: - **Compensation**: - Annual base salary: **$400,000**. - Discretionary annual bonus: Up to **70%** of base salary. - Sign-on bonus: **$100,000**. - Restricted stock units: **1,300,000 RSUs** vesting over four years. - **Executive Benefits**: - Eligibility for Tier 2 Executive benefits under Rocket Lab’s Executive Severance Plan. - Relocation support, including temporary housing reimbursement of **$5,000/month** for six months. ### Additional Information: - Mr. Klein’s leadership is expected to bolster Rocket Lab’s operational scaling and profitability initiatives, aligning with the company’s strategic goals for expansion in aerospace manufacturing. --- ## Filing ![[819ab773-5a27-4ceb-9151-427febae34ac.pdf]]