RumbleOn COO and EVP Chairman resign in dispute; President Levy named COO

RideNow Group, Inc.

William Coulter resigned as EVP Chairman and director, alleging good reason; company disputes claim.
Mark Tkach resigned as COO and director, also alleging good reason; company disputes claim.
Peter Levy, currently President, appointed COO effective February 11, 2022.
Both Coulter and Tkach stepped down from all officer and director positions immediately.

item 5.02 item 9.01

Executive movements

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Role change

Peter Levy

Chief Operating Officer

RDNW · RideNow Group, Inc.

Effective: 2022-02-11
Filed: February 14, 2022, 6:59 PM ET

On February 11, 2022, RumbleOn, Inc. (the “Company”) appointed Peter Levy, the President of the Company, to also serve as Chief Operating Officer of the Company, effective immediately.

Departed

William Coulter

Executive Vice Chairman

RDNW · RideNow Group, Inc.

Effective: 2022-02-11
Filed: February 14, 2022, 6:59 PM ET

Also, on February 11, 2022, the Company received a letter from William Coulter, a director and the Executive Vice Chairman of the Company, notifying the Company that he was terminating his Employment Agreement with the Company and resigning as a director, effective immediately, alleging termination for good reason due to material reductions or diminutions by the Company of his authorities, duties, and responsibilities.

Departed

Mark Tkach

Chief Operating Officer

RDNW · RideNow Group, Inc.

Effective: 2022-02-11
Filed: February 14, 2022, 6:59 PM ET

Also, on February 11, 2022, the Company received a letter from Mark Tkach, a director and the Chief Operating Officer of the Company, notifying the Company that he was terminating his Employment Agreement with the Company and resigning as a director, effective immediately, alleging termination for good reason due to material reductions or diminutions by the Company of his authorities, duties, and responsibilities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Peter Levy was appointed as Chief Operating Officer at RideNow Group, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On February 11, 2022, RumbleOn, Inc. (the “Company”) appointed Peter Levy, the President of the Company, to also serve as Chief Operating Officer of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William Coulter resigned as Executive Vice Chairman at RideNow Group, Inc..

Action: resigned
Role: Executive Vice Chairman

Exact text from the filing

Also, on February 11, 2022, the Company received a letter from William Coulter, a director and the Executive Vice Chairman of the Company, notifying the Company that he was terminating his Employment Agreement with the Company and resigning as a director, effective immediately, alleging termination for good reason due to material reductions or diminutions by the Company of his authorities, duties, and responsibilities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Mark Tkach resigned as Chief Operating Officer at RideNow Group, Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

Also, on February 11, 2022, the Company received a letter from Mark Tkach, a director and the Chief Operating Officer of the Company, notifying the Company that he was terminating his Employment Agreement with the Company and resigning as a director, effective immediately, alleging termination for good reason due to material reductions or diminutions by the Company of his authorities, duties, and responsibilities.

View on SEC.gov

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-007215

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