RumbleOn appoints Michael Kennedy as CEO, effective Nov 1, 2023

RideNow Group, Inc.

Kennedy previously CEO of Vance & Hines (2019-2023) and 26-year Harley-Davidson veteran.
Base salary of $525k; target annual bonus of 100% of base salary.
Performance-based stock option grant for 825k shares with vesting tied to stock price thresholds ($12-$40 per share).
Replaces interim CEO Mark Tkach, who served since June 2023; Kennedy also joins the Board.
Employment agreement includes non-compete, non-solicitation, and 12-month severance for certain terminations.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Michael Kennedy

Chief Executive Officer and director

RDNW · RideNow Group, Inc.

Effective: 2023-11-01
Filed: October 20, 2023, 7:59 PM ET

appointed Michael Kennedy as Chief Executive Officer and director of the Company, effective as of November 1, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Kennedy was appointed as Chief Executive Officer and director at RideNow Group, Inc..

Action: appointed
Role: Chief Executive Officer and director

Exact text from the filing

appointed Michael Kennedy as Chief Executive Officer and director of the Company, effective as of November 1, 2023

View on SEC.gov

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-005491

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