RumbleOn appoints Michael Quartieri as CEO; former CEO Kennedy to receive $525K severance

RideNow Group, Inc.

Michael Kennedy resigned as CEO effective Jan 13, 2025; receives 12-month base salary of $525K and COBRA, no bonus, all unvested options forfeited.
New CEO Michael Quartieri gets $525K base, target bonus 100%, one-time 400K RSUs, and 450K PSUs with stock price thresholds ($11/$17/$23).
Cameron Tkach appointed EVP and COO with $425K base, $25K signing bonus, target bonus 85%, and annual equity target 85% of salary.
New execs receive 12-month base salary severance plus COBRA if terminated without cause; agreements include non-compete and non-solicitation.

item 5.02 item 9.01

Executive movements

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Appointed

Michael Quartieri

Chief Executive Officer

RDNW · RideNow Group, Inc.

Effective: 2025-01-13
Filed: January 29, 2025, 6:59 PM ET

In connection with Mr. Quartieri’s appointment as CEO effective as of January 13, 2025

Departed

Michael Kennedy

Chief Executive Officer

RDNW · RideNow Group, Inc.

Effective: 2025-01-13
Successor: Michael Quartieri
Filed: January 29, 2025, 6:59 PM ET

In connection with Mr. Kennedy’s resignation effective as of January 13, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Quartieri was appointed as Chief Executive Officer at RideNow Group, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

In connection with Mr. Quartieri’s appointment as CEO effective as of January 13, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Kennedy resigned as Chief Executive Officer at RideNow Group, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

In connection with Mr. Kennedy’s resignation effective as of January 13, 2025

View on SEC.gov

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001596961-25-000013

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