secwatch.observer — SEC 8-K summary
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Issuer:     RideNow Group, Inc. (RDNW)
CIK:        0001596961
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001013762-23-005491
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596961/000101376223005491/0001013762-23-005491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596961/000101376223005491/ea187074-8k_rumbleon.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-005491

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer