Rapid7 Board Adds Two Directors as Four Members Resign
Four Rapid7 directors resigned from the Board effective August 27, 2026, and the Board elected Maria Barrett and Julian Waits as directors effective September 1, 2026. Chief Experience Officer Julian Waits moves to a non-executive role and the company set a transition agreement under which he remains in a non-executive capacity until December 31, 2026.
Key points
- Resigning directors: Michael Burns, Benjamin Holzman, Thomas Schodorf and Reeny Sondhi, effective August 27, 2026; the filing says the resignations were not due to any disagreement with the company.
- Board appointed J. Benjamin Nye as Lead Independent Director effective August 27, 2026, succeeding Marc Brown; the Board fixed its size at nine.
- Resigning directors received cash equal to Policy compensation through June 30, 2027, plus accelerated vesting of unvested director equity awards, as an exception to the director compensation policy.
- Waits' transition agreement, dated August 30, 2026, provides a transition payment of six months of base salary and continued vesting of his equity awards, subject to a noncompetition covenant.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.