On August 27, 2026, directors Michael Burns, Benjamin Holzman, Thomas Schodorf, and Reeny Sondhi resigned from the Board of Rapid7, Inc., effective immediately, citing no disagreements with company operations. The Board approved accelerated vesting of unvested equity awards and cash compensation through June 30, 2027 for each resigning director as an exception to standard policy. On August 29, 2026, the Board elected Maria Barrett, a retired U.S. Army Lieutenant General with extensive cybersecurity leadership experience, and Julian Waits, the Company’s Chief Experience Officer since September 2025, as new directors effective September 1, 2026. The authorized number of directors was fixed at nine. J. Benjamin Nye was appointed Lead Independent Director on August 27, 2026. Mr. Waits entered a transition agreement allowing him to continue as Chief Experience Officer until December 31, 2026 with specific compensation and vesting terms. Rapid7 operates in the cybersecurity industry, providing security analytics and vulnerability management solutions.

Rapid7, Inc. reported second quarter 2026 financial results showing total revenue of $210.9 million, a 1.5% year-over-year decline, and annualized recurring revenue (ARR) of $824 million, down 2.0%. The company generated GAAP net income of $6.1 million ($0.09 per diluted share) and non-GAAP net income of $33.0 million ($0.44 per diluted share). Concurrently, the board approved a restructuring plan eliminating approximately 12% of the workforce to align resources with its core platform. Rapid7 expects to incur $10-$11 million in restructuring charges, primarily for severance and transition costs, substantially complete by the end of Q4 2026. The company provided third quarter revenue guidance of $208-$210 million and full-year revenue guidance of $837-$841 million. Rapid7 operates in the cybersecurity industry, providing AI-powered managed detection and response services and security operations platforms.