8-K
filed June 16, 2023, 7:59 PM ET
ticker RDNW
CIK 0001596961
leadership
confidence high
sentiment neutral
materiality 0.75
RumbleOn appoints Mark Tkach as Interim CEO; settles proxy contest with Coulter-Tkach group
RideNow Group, Inc.
- Mark Tkach appointed Interim CEO after Marshall Chesrown resigned on June 15, 2023.
- Board expanded from 7 to 9; Melvin Flanigan and Tkach join; Steve Pully named Chairman.
- Coulter-Tkach group withdraws all proxy nominations; standstill agreement for 90 days.
- Company to reimburse ~$2.5M in advisor fees to the group.
- Board committees reorganized; Coulter to be board observer pending election.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steve Pully was named as Chairman of the Board at RideNow Group, Inc..
- Action
- named
- Role
- Chairman of the Board
Exact text from the filing
Also, on June 15, 2023, the Board named Steve Pully as Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Melvin Flanigan was appointed as Director at RideNow Group, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Also, on June 15, 2023, the Board temporarily increased the size of the Board from seven to nine members and appointed Mr. Tkach and Melvin Flanigan as directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.7
Marshall Chesrown resigned as Chief Executive Officer at RideNow Group, Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Tkach is a non-classified director with a term to expire in connection with Marshall Chesrown’s resignation or removal or other vacancy from the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Tkach was appointed as Director at RideNow Group, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Also, on June 15, 2023, the Board temporarily increased the size of the Board from seven to nine members and appointed Mr. Tkach and Melvin Flanigan as directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Tkach was appointed as Interim Chief Executive Officer at RideNow Group, Inc..
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
On June 16, 2023, the Board of Directors (the “Board”) of the Company appointed Mr. Tkach as the Company’s Interim Chief Executive Officer.
View on SEC.gov
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