---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-013185"
form_type: "8-K"
ticker: "RBA"
cik: "0001046102"
company_name: "RB GLOBAL INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:01:14.003606+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RB Global appoints new CEO after Fandozzi resigns over pay dispute; Q2 GTV up 146% to $4.1B

## Summary
- Jim Kessler named CEO, Megan Cash interim principal finance officer, effective immediately, following departures of CEO Ann Fandozzi and CFO Eric Jacobs.
- Fandozzi resigned after Board refused her demand for a front-loaded 5-year equity compensation package; departures unrelated to financial performance.
- Q2 2023 preliminary results: GTV $4.1B (+146% YoY), revenue $1.1B (+128%), net income $86.8M (+63%), diluted EPS $0.42 (-13%).
- Adjusted EBITDA $307.8M (+126%), diluted adjusted EPS $0.85 (+15%); quarterly dividend declared $0.27/share payable Sept 13 to holders of record Aug 23.
- Management expects Q3 2023 GTV growth of low- to mid-single digits year-over-year on a combined basis.

## SEC filing metadata
- accession: 0001558370-23-013185
- form_type: 8-K
- ticker: RBA
- cik: 0001046102
- company_name: RB GLOBAL INC.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046102/000155837023013185/0001558370-23-013185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046102/000155837023013185/rba-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-013185
- JSON: https://secwatch.observer/filing/0001558370-23-013185.json
- Plain text: https://secwatch.observer/filing/0001558370-23-013185.txt

## Key facts
- Earnings Releases
  RB GLOBAL INC. reported second quarter ended June 30, 2023 results: revenue $1.1 billion, net income $86.8 million, EPS $0.42 per share.
  - Period: second quarter ended June 30, 2023
  - Revenue: $1.1 billion
  - Net income: $86.8 million
  - EPS: $0.42 per share
  - Result: reported results
  source text: of IAA. The Company expects GTV growth in the third quarter to be low- to mid-single digits year-over-year on a combined basis. ● Total revenue increased 128% year-over-year to $1.1 billion, which includes $560.4 million from the impact of the acquisition of IAA. 1 For information regarding RB Global use and definition of this measure, see “Key Operating Metrics”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046102/000155837023013185/0001558370-23-013185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.