SmartRent Bolsters Leadership Team as PropTech Market Heats Up

Rhea-AI Filing Summary

SmartRent (NYSE: SMRT) has announced the appointment of Thomas Bohjalian to its Board of Directors as a Class I director, effective June 23, 2025. Mr. Bohjalian will serve until the company's 2028 annual meeting of stockholders.

Key details of the appointment include:

• Appointed to serve on both the Audit Committee and Compensation Committee
• Granted 146,062 restricted stock units of Class A common stock as initial compensation
• Stock units will vest on the earlier of May 13, 2026, or the day before the next annual stockholder meeting
• Will receive standard non-employee director compensation and enter into the company's standard indemnification agreement

The appointment was recommended by the Board's Nominating and Corporate Governance Committee. The company confirms there are no related person transactions between Mr. Bohjalian and SmartRent requiring disclosure under SEC regulations.

Positive

• Appointment of Thomas Bohjalian as Class I director strengthens board oversight with new member joining both Audit and Compensation committees
• Long-term commitment indicated by Class I director appointment extending until 2028 annual meeting

Negative

• None.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 23, 2025

SmartRent, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-39991		85-4218526
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

8665 E. Hartford Drive, Suite 200 Scottsdale, Arizona		85255
(Address of Principal Executive Offices)		(Zip Code)

(844) 479-1555

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol		Name of Each Exchange on Which Registered
Class A Common Stock, par value $0.0001 per share		SMRT		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 23, 2025, the Board of Directors (the “Board”) of SmartRent, Inc. (the “Company”), upon the recommendation of the Board’s Nominating and Corporate Governance Committee (the “Nominating Committee”), appointed Thomas Bohjalian to the Board as a Class I director to serve until the Company’s 2028 annual meeting of stockholders. The Board also appointed Mr. Bohjalian to serve as a member of the Board’s Audit Committee and Compensation Committee.

Mr. Bohjalian will participate in the Company’s non-employee director compensation policy and receive the standard compensation that is provided from time to time to the Company’s non-employee directors pursuant thereto, including an initial award of restricted stock units covering 146,062 shares of the Company’s Class A common stock that was granted automatically under the Company’s 2021 Equity Incentive Plan and award agreement thereunder on June 23, 2025, the first trading day on or after the date of commencement of his services as a non-employee director, which number of shares reflects a proration for the director services to be provided by Mr. Bohjalian during the one-year period from May 13, 2025, the date of the Company’s 2025 annual meeting of stockholders. The award is scheduled to vest as to all of the underlying shares upon the earlier of: (x) May 13, 2026, which is the one-year anniversary of the date of the Company’s then most recently held annual meeting of stockholders, or (y) the date immediately prior to the Company’s next annual meeting of stockholders, subject to Mr. Bohjalian’s continued service through such vesting date. In addition, Mr. Bohjalian will enter into the Company’s standard indemnification agreement, the form of which was filed with the Securities and Exchange Commission (the “SEC”) as Exhibit 10.10 to the Company’s Annual Report on Form 10-K, filed on March 5, 2025.

There is no arrangement or understanding between Mr. Bohjalian and any other persons pursuant to which Mr. Bohjalian was selected as a director. There are no related person transactions within the meaning of Item 404(a) of Regulation S-K promulgated by the SEC between the Company and Mr. Bohjalian required to be disclosed herein.

Item 7.01 Regulation FD Disclosure.

On June 24, 2025, the Company issued a press release announcing the appointment of Mr. Bohjalian to the Board, described above. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information set forth in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Document
99.1	Press release issued by SmartRent, Inc. on June 24, 2025.
104	Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 24, 2025

SMARTRENT, INC.
By:		/s/ Frank Martell
Name:		Frank Martell
Title:		President and Chief Executive Officer

FAQ

Who is the new board director appointed to SmartRent (SMRT) in June 2025?

Thomas Bohjalian was appointed as a Class I director to SmartRent's Board of Directors on June 23, 2025. He will serve until the Company's 2028 annual meeting of stockholders and was also appointed to serve on the Board's Audit Committee and Compensation Committee.

What compensation will SMRT's new director Thomas Bohjalian receive?

Thomas Bohjalian will receive standard non-employee director compensation, including an initial grant of 146,062 restricted stock units (RSUs) of SMRT's Class A common stock. These RSUs will vest fully on the earlier of May 13, 2026, or the day before the next annual stockholder meeting, subject to his continued service.

When did SMRT announce the new board director appointment?

SmartRent (SMRT) announced the appointment of Thomas Bohjalian to its Board of Directors through a press release on June 24, 2025, one day after his appointment on June 23, 2025.

What committees will SMRT's new director Thomas Bohjalian serve on?

Thomas Bohjalian was appointed to serve as a member of both the Audit Committee and Compensation Committee of SmartRent's Board of Directors.

How long will Thomas Bohjalian serve on SMRT's board?

As a Class I director, Thomas Bohjalian will serve on SmartRent's Board until the Company's 2028 annual meeting of stockholders, unless there is an early termination of his service.