Form 8-K · Current Report · Filed 2025-03-10
Rocket Companies Announces Organizational Simplification
Rocket Companies, Inc. has announced an agreement to simplify its organizational and capital structure through an Up-C Collapse. Under the Transaction Agreement, the company will collapse its Up-C structure, provide that each class of common stock will be entitled to one vote per share, and reduce its classes of common stock from four to two. The public stockholders will continue to hold their shares, while stockholders of Rock Holdings Inc. will receive newly issued shares of Class L common stock. As part of the agreement, the company has also authorized and declared a cash dividend of $0.80 per share to the holders of Class A common stock, payable on April 3, 2025.
- Filer
- Rocket Companies Inc. RKT · NYSE
- Filed
- Accession
- 0000950142-25-000694
- CIK
- 0001805284
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Termination of a Material Definitive Agreement
Unregistered Sales of Equity Securities
Submission of Matters to a Vote of Security Holders
Financial Statements and Exhibits
Market reaction
Close before filing
$15.77
Next session
-16.4%
Since filing
-18.2%
Latest close
$12.90
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from RKT reporting the same item, with the next session's move:
Exhibits (1)
About Rocket Companies Inc.
Rocket Companies Inc. is a leading fintech firm specializing in the financial services sector, particularly focusing on technology-driven mortgage lending and consumer financial solutions. The company is best known for its flagship brand, Rocket Mortgage, which revolutionizes the mortgage industry with its innovative online lending platform, allowing consumers to obtain home loans transparently and efficiently. This digital approach ensures a streamlined application process, enhancing customer experience by leveraging advanced data analytics and automated systems. Rocket Companies services a wide client base, encompassing individual homebuyers and real estate investors, significantly impacting residential real estate markets. Based in Detroit, Michigan, Rocket Companies has built a vast network through its digital-first business model, supporting home equity and personal loans, thereby playing a critical role in the modern real estate financing landscape. By doing so, the firm not only facilitates homeownership but also drives technological advancement within the financial services ecosystem, reflecting a broader trend towards digitization in the mortgage industry.
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