secwatch.observer — SEC 8-K summary
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Issuer:     RB GLOBAL INC. (RBA)
CIK:        0001046102
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013185
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046102/000155837023013185/0001558370-23-013185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046102/000155837023013185/rba-20230802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013185

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