secwatch.observer — SEC 8-K summary
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Issuer:     RideNow Group, Inc. (RDNW)
CIK:        0001596961
Form:       8-K/A
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001596961-25-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596961/000159696125000013/0001596961-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596961/000159696125000013/rmbl-20250113.htm
  HTML page:      https://secwatch.observer/filing/0001596961-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer