Rapid7, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Rapid7, Inc. on August 1, 2019, covering events occurring on July 31, 2019. The filing primarily addresses the announcement of financial results for the fiscal quarter ended June 30, 2019, and the appointment of a new member to the Board of Directors.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) containing the financial results for the quarter ended June 30, 2019. However, the text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for detailed financial data.
Material Changes and Corporate Governance
- Board Appointment: On July 31, 2019, the Board appointed Christina Kosmowski as a new director, effective immediately.
- Director Background: Ms. Kosmowski previously served as Global Head of Customer Success and Services at Slack Technologies, Inc. (since 2017) and held senior roles at Salesforce.com, Inc. (2002–2017).
- Term: She will serve in the class of directors whose term expires at the 2021 Annual Meeting of Stockholders.
- Compensation: Ms. Kosmowski received an initial one-time grant of 5,770 restricted stock units (RSUs) vesting over three years. She is also eligible for standard annual director compensation and future equity awards.
Guidance, Outlook, and Risks
The filing does not contain specific management commentary, forward-looking guidance, or risk factors within the body of the report. It explicitly states that the information regarding financial results is furnished and not "filed" for purposes of Section 18 of the Exchange Act. No unusual items or contingencies are detailed in this specific document text.
Key Facts for Investor Verification
- Verify the specific revenue and earnings figures for the quarter ended June 30, 2019, by reviewing Exhibit 99.1 (Press Release) attached to this filing.
- Confirm the vesting schedule and terms of the 5,770 RSUs granted to new director Christina Kosmowski.
- Review the Company's definitive proxy statement (Schedule 14A) for details on the standard non-employee director compensation policy.
- Note that the financial data in this 8-K is not incorporated by reference into other filings under the Securities Act of 1933.