RumbleOn CEO resigns amid investigation into use of company resources

RideNow Group, Inc.

CEO Marshall Chesrown resigned effective June 15, 2023; remains on the Board.
Allegations of improper use of company resources prior to departure.
Independent directors retained outside counsel to investigate; no conclusions yet.
Board formed Executive Transition Committee to find interim and permanent CEO.
No separation agreement or release with Chesrown as of filing date.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Marshall Chesrown

Chief Executive Officer

RDNW · RideNow Group, Inc.

Effective: 2023-06-15
Filed: June 15, 2023, 7:59 PM ET

On June 11, 2023, Marshall Chesrown, Chief Executive Officer (“CEO”) and a director of RumbleOn, Inc. (the “Company” or “RumbleOn”), provided the Board of Directors of the Company notice of his resignation as CEO of the Company, which is effective on June 15, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Marshall Chesrown resigned as Chief Executive Officer at RideNow Group, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On June 11, 2023, Marshall Chesrown, Chief Executive Officer (“CEO”) and a director of RumbleOn, Inc. (the “Company” or “RumbleOn”), provided the Board of Directors of the Company notice of his resignation as CEO of the Company, which is effective on June 15, 2023.

View on SEC.gov

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-049324

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.