RKLB 8-K: Smart Summary

On March 30, 2026, Rocket Lab Corporation disclosed compensation arrangement changes for Chairman and CEO Sir Peter Beck, including a voluntary reduction of his annual base salary to $1.00 (or statutory minimum under New Zealand law), elimination of annual bonus entitlement, and the voluntary forfeiture and cancellation of all unvested RSUs representing 392,155 shares of common stock.

• Sir Peter Beck — Annual base salary voluntarily reduced to $1.00 or the statutory minimum required under New Zealand law; agreement that Mr. Beck shall not have any expectation of, or entitlement to, any annual bonus or any Target Annual Bonus amount; voluntarily forfeited and cancelled all unvested RSUs representing an aggregate of 392,155 shares of the Company's common stock; waiver of any claims of a breach of the Existing Beck Employment Agreement or that Good Reason has occurred under the Company's Executive Severance Plan as a result of these changes; changes effected via the Beck Agreement Amendment to the amended and restated employment agreement dated December 3, 2024, and a separate RSU cancellation agreement, both entered into on March 30, 2026, following approval by the Compensation Committee