--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-038182" form_type: "8-K" ticker: "RDNW" cik: "0001596961" company_name: "RideNow Group, Inc." filed_at: "2023-05-10T23:59:59+00:00" generated_at: "2026-06-15T06:25:09.634468+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # RumbleOn President/COO Peter Levy departs; board separates Chairman/CEO roles; appoints new independent director ## Summary - Peter Levy released as President/COO and resigned from board effective May 9, 2023; severance payments partially accelerated and placed in rabbi trust. - Chairman/CEO roles separated; Kevin Westfall appointed independent Chairman effective May 9, 2023; Marshall Chesrown remains CEO. - Class II directors Adam Alexander and Michael Marchlik will not stand for re-election at 2023 annual meeting. - Becca Polak appointed as new independent Class I director, filling vacancy left by Denmar Dixon. - Board invited Steven Pully to join immediately and will nominate Bill Coulter and Mark Tkach for election at 2023 annual meeting, amid ongoing proxy contest. ## SEC filing metadata - accession: 0001213900-23-038182 - form_type: 8-K - ticker: RDNW - cik: 0001596961 - company_name: RideNow Group, Inc. - filed_at: 2023-05-10T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/ea178249-8k_rumbleon.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-038182 - JSON: https://secwatch.observer/filing/0001213900-23-038182.json - Plain text: https://secwatch.observer/filing/0001213900-23-038182.txt ## Key facts - Executive change Becca Polak was appointed as Class I director at RideNow Group, Inc.. - Action: appointed - Role: Class I director source text: On May 9, 2023, the Board appointed Becca Polak as a Class I director of the Company, to fill the vacant seat created by Denmar Dixon’s resignation from the Board on January 18, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - Executive change Kevin Westfall was appointed as independent Chairman at RideNow Group, Inc.. - Action: appointed - Role: independent Chairman source text: On May 9, 2023, the Board appointed Kevin Westfall, a current member of the Board, to serve as the independent Chairman of the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - Executive change Peter Levy departed as President and Chief Operating Officer at RideNow Group, Inc.. - Action: departed - Role: President and Chief Operating Officer source text: On May 10, 2023, RumbleOn, Inc. (the “Company” or “RumbleOn”) announced the departure of Peter Levy from his roles as President and Chief Operating Officer of the Company, effective as of May 9, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - Executive change Adam Alexander departed as Class II director at RideNow Group, Inc.. - Action: will not stand for re-election - Role: Class II director source text: On May 9, 2023, Adam Alexander and Michael Marchlik, each Class II directors of the Board, informed the Board of their intention not to stand for re-election at the Company’s upcoming 2023 annual meeting of stockholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - Executive change Michael Marchlik departed as Class II director at RideNow Group, Inc.. - Action: will not stand for re-election - Role: Class II director source text: On May 9, 2023, Adam Alexander and Michael Marchlik, each Class II directors of the Board, informed the Board of their intention not to stand for re-election at the Company’s upcoming 2023 annual meeting of stockholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - Executive change Marshall Chesrown changed role as Chairman at RideNow Group, Inc.. - Action: stepped down - Role: Chairman source text: Marshall Chesrown, the Company’s Chief Executive Officer and Chairman stepped down as Chairman. Mr. Chesrown continues to serve as Chief Executive Officer and a director of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm - Governance Changes RideNow Group, Inc.: Amendment to Amended and Restated Bylaws to separate the roles of Chairman and CEO, create independent Chairman position, require Vice Chairman to be independent, and make conforming changes (effective 2023-05-09). - Change: bylaw amendment - Effective: 2023-05-09 source text: On and effective May 9, 2023, the Board approved an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws Amendment”), to reflect the Board’s decision to formally separate the roles of Chairman of the Board and Chief Executive Officer, create the independent Chairman position, and require the Vice Chairman position to be filled by an independent director, along with various conforming changes. evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023038182/0001213900-23-038182-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.