Rapid7 CFO Timothy Adams to Depart Effective June 30

BOSTON — Rapid7 Inc. (NASDAQ: RPD) said chief financial officer Timothy Adams will leave the company effective June 30 2026.

The departure was reported in an 8-K filed with the Securities and Exchange Commission on June 1 2026 under Item 5.02. Adams has served as chief financial officer since 2021; the filing does not cite a reason for his exit or disclose any separation agreement terms.

Item 7.01 of the same filing contains Regulation FD disclosure stating that the company has initiated a search for a permanent chief financial officer and that an interim chief financial officer will be named in the coming weeks. Until a permanent replacement is appointed and the role is filled, the company’s chief accounting officer or another designated officer will assume principal financial officer responsibilities for purposes of SEC filings and Sarbanes-Oxley certifications.

The change alters the company’s immediate reporting structure. Rapid7 must file an amended Form 8-K within four business days of any appointment of a new principal financial officer or any material amendment to Adams’s separation arrangements. The transition also requires updated beneficial-ownership reporting on Form 4 for any post-departure transactions and revised executive-compensation disclosure in the company’s next proxy statement.

Downstream, the search process activates standard executive-recruitment timelines that typically run three to six months for a public SaaS company of Rapid7’s size. Until a permanent CFO is named, the interim officer must sign all future 10-Q and 10-K certifications.

Any severance or equity acceleration granted to Adams must be disclosed in a subsequent 8-K or incorporated into Item 402 of Regulation S-K in the proxy statement covering fiscal 2026.

This marks the second chief financial officer transition at Rapid7 since its 2015 IPO. The company last reported a CFO change in 2021 when Adams succeeded the prior officer.