RBA shareholders approve IAA merger share issuance; closing expected March 20

RB GLOBAL INC.

Share issuance proposal approved with 50.96M For vs 43.52M Against (54% For).
IAA stockholders also approved; merger expected to close on or around March 20, 2023.
Jeffrey C. Smith of Starboard Value appointed to board, effective upon receipt of both shareholder approvals.
Board increased from 9 to 10 directors; Smith's resignation triggers if Starboard owns <50% of purchased shares or material breach.

item 5.02 item 1.01 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

RB GLOBAL INC. shareholders approved The RBA Share Issuance Proposal at the 2023-03-14 meeting.

Outcome: passed
Meeting: 2023-03-14

Exact text from the filing

The RBA share issuance proposal was approved based on the following vote: Votes For Votes Against Abstentions Broker Non-Votes 50,964,235 43,520,309 121,691 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

RB GLOBAL INC. shareholders approved The RBA Adjournment Proposal at the 2023-03-14 meeting.

Outcome: passed
Meeting: 2023-03-14

Exact text from the filing

The RBA adjournment proposal was approved based on the following vote: Votes For Votes Against Abstentions Broker Non-Votes 51,041,032 43,039,365 525,838 0

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RB GLOBAL INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-032513

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