8-K
filed January 16, 2025, 6:59 PM ET
ticker RDNW
CIK 0001596961
leadership
confidence high
sentiment neutral
materiality 0.75
RideNow Group, Inc. (RDNW): Nasdaq/NYSE listing notice — RumbleOn CEO Michael Kennedy out; Chairman Michael Quartieri takes over; Nasdaq listing compliance issue
RideNow Group, Inc.
- Michael Kennedy is no longer CEO or board member; Michael Quartieri (Chairman) appointed CEO effective Jan 13, 2025.
- Cameron Tkach promoted to EVP and COO; Becca Polak named Vice Chairman and Lead Independent Director.
- Due to board vacancy from CEO departure, Nasdaq independent majority rule not met; cure period through Jan 13, 2026 or next annual meeting.
- Company recently paid off convertible notes, strengthening balance sheet; focus on growth, profitability, cash flow.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
RideNow Group, Inc. received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- board independence
- Rules
- 5605(b)(1)
Exact text from the filing
January 14, 2025, RumbleOn, Inc. (the “Company”) notified the Nasdaq Stock Market, LLC (“Nasdaq”) that the Company is temporarily not in compliance with continued listing requirements as set forth in Nasdaq Listing Rules
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
RideNow Group, Inc. received a nasdaq noncompliance notice notice regarding board independence (rules 5605(b)(1)).
- Exchange
- nasdaq
- Notice
- noncompliance notice
- Deficiency
- board independence
- Rules
- 5605(b)(1)
Exact text from the filing
January 14, 2025, RumbleOn, Inc. (the “Company”) notified the Nasdaq Stock Market, LLC (“Nasdaq”) that the Company is temporarily not in compliance with continued listing requirements as set forth in Nasdaq Listing Rules 5605(b)(1) regarding the composition of the board of directors of the Company (the “Board”) because a majority of the Board is not comprised of Independent Directors (as defined in Nasdaq Listing Rule 5605(a)(2)) solely due to a vacancy on the Board resulting from the leadership transition described in
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Kennedy departed as Chief Executive Officer at RideNow Group, Inc..
- Action
- no longer
- Role
- Chief Executive Officer
Exact text from the filing
On January 13, 2025, the Company announced that Michael Kennedy is no longer Chief Executive Officer (“CEO”) or a member of the Board of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Quartieri was appointed as Chief Executive Officer at RideNow Group, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
The Board appointed Michael Quartieri as CEO of the Company, effective as of January 13, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cameron Tkach was appointed as Executive Vice President and Chief Operating Officer at RideNow Group, Inc..
- Action
- appointed
- Role
- Executive Vice President and Chief Operating Officer
Exact text from the filing
The Board appointed Cameron Tkach, who had been Vice President, Dealership Operations, as Executive Vice President (“EVP”) and Chief Operating Officer (“COO”) of the Company effective as of January 13, 2025.
View on SEC.gov
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