Kari Taylor departed as Chief Revenue Officer at RB GLOBAL INC..
“Kari Taylor, the Chief Revenue Officer of Ritchie Bros. Auctioneers Incorporated (the “Company”), will be leaving the Company effective April 3, 2023.”
RB GLOBAL INC. — fact timeline
Source-grounded facts extracted from RB GLOBAL INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
RB GLOBAL INC. shareholders approved The RBA Adjournment Proposal at the 2023-03-14 meeting.
“The RBA adjournment proposal was approved based on the following vote: Votes For Votes Against Abstentions Broker Non-Votes 51,041,032 43,039,365 525,838 0”
RB GLOBAL INC. shareholders approved The RBA Share Issuance Proposal at the 2023-03-14 meeting.
“The RBA share issuance proposal was approved based on the following vote: Votes For Votes Against Abstentions Broker Non-Votes 50,964,235 43,520,309 121,691 0”
RB GLOBAL INC. reported the fourth quarter ended December 31, 2022 results: revenue approximately $444 million, net income approximately $42 million to $45 million.
“For the quarter ended on December 31, 2022, the Company expects the following: · GTV of approximately $1.5 billion · Total revenue of approximately $444 million · Net income of approximately $42 million to $45 million · Adjusted EBITDA of approximately $118 million to $122 million”
RB GLOBAL INC. reported the fiscal year ended December 31, 2022 results: revenue approximately $1.7 billion, net income approximately $317 million to $320 million.
“For the year ended on December 31, 2022, the Company expects the following: · Gross transaction value (“GTV”) 1 of approximately $6.0 billion · Total revenue of approximately $1.7 billion · Net income of approximately $317 million to $320 million · Adjusted EBITDA 2 of approximately $461 million to $465 million”
RB GLOBAL INC.: Articles of Amendment to Articles of Amalgamation became effective, establishing rights, preferences, and privileges of Preferred Shares (effective 2023-02-01).
“The rights, preferences and privileges of the Preferred Shares are set forth in the articles of amendment of the Company (the “ Articles of Amendment ”), amending the Company’s Articles of Amalgamation. The Articles of Amendment became effective on February 1, 2023”
RB GLOBAL INC. entered into Registration Rights Agreement with Purchasers (effective 2023-02-01).
“On the Issue Date, the Company and the Purchasers entered into a registration rights agreement (the “ Registration Rights Agreement ”) pursuant to which the Company has agreed to grant the Purchasers certain customary registration rights (under U.S. securities laws) with respect to the Purchased Common Shares, the Conversion Shares and certain other securities that may be issued to the Purchasers in respect thereof (collectively, the “ Registrable Securities ”), subject to specified limitations.”
RB GLOBAL INC. entered into Purchase Agreement with Starboard Value LP, certain of its affiliated funds, and Jeffrey C. Smith valued at $485.0 million (effective 2023-01-23).
“the Company entered into a securities purchase agreement (the “ Purchase Agreement ”) with Starboard Value LP (“ Starboard Value ”), certain of its affiliated funds (the “ Purchasers ”), and Jeffrey C. Smith (together with Starboard Value and the Purchasers, “ Starboard ”), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement (the “ PIPE Transaction ”) exempt from the registration requirements of the Securities Act of 1933, as amended (the “ Securities Act ”), and the prospectus requirements of British Columbia securities law, (i) an aggregate of 485,000,000 senior preferred shares of the Company designated as Series A Senior Preferred Shares (the “ Preferred Shares ”), which Preferred Shares are convertible into the Company’s common shares (the “ Common Shares ”, and such Common Shares as may be issued upon conversion of the Preferred Shares, the “ Conversion Shares ”), for an aggregate purchase price of $485.0 million, or $1.00 per Preferre”
RB GLOBAL INC. reported preliminary financial results for fiscal year ended December 31, 2022.
“Such press release also provided certain preliminary unaudited financial expectations for its fiscal year ended December 31, 2022.”
RB GLOBAL INC. amended Amendment to the Agreement and Plan of Merger and Reorganization with IAA, Inc. valued at consideration changed to 0.5252 RBA common shares and $12.80 cash per IAA share; termination expense (effective 2023-01-22).
“On January 22, 2023, the Company, IAA and the other parties to the Merger Agreement entered into the Amendment to the Agreement and Plan of Merger and Reorganization (the “ Amendment ” and the Original Merger Agreement, as amended by the Amendment, the “ Merger Agreement ”).”
RB GLOBAL INC. entered into Purchase Agreement with Starboard Value LP and certain of its affiliated funds, and Jeffrey C. Smith valued at $485.0 million and approximately $15.0 million (effective 2023-01-22).
“On January 22, 2023, Ritchie Bros. Auctioneers Incorporated (the “ Company ” or “ RBA ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with Starboard Value LP (“ Starboard Value ”), certain of its affiliated funds (the “ Purchasers ”), and Jeffrey C. Smith”
RB GLOBAL INC. incurred term loan of up to $1.825 billion with Bank of America, N.A., as administrative agent at a rate per annum equal to, (A) for U.S. dollar borrowings, either a base rate, a maturing not explicit.
“provides commitments for a term loan A facility in an aggregate principal amount of up to $1.825 billion (the “TLA Facility”) to be used to finance, in part, the IAA merger”
RB GLOBAL INC. amended Sixth Amendment with Bank of America, N.A., as administrative agent, U.S. swing line lender and a letter of credit issuer and the other lenders party thereto (effective 2022-12-09).
“On December 9, 2022, Ritchie Bros. Auctioneers Incorporated (the “Company”) entered into a sixth amendment (the “Sixth Amendment”) to the Credit Agreement”
RB GLOBAL INC. reported financial results for the third quarter ended September 30, 2022.
“On November 7, 2022, Ritchie Bros. Auctioneers Incorporated (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2022.”
RB GLOBAL INC. entered into Agreement and Plan of Merger and Reorganization with IAA, Inc. valued at approximately $7.3 billion (effective 2022-11-07).
“On November 7, 2022, Ritchie Bros. Auctioneers Incorporated, a company organized under the federal laws of Canada (“RBA”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with Ritchie Bros. Holdings Inc., a Washington corporation and a direct and indirect wholly owned subsidiary of RBA (“US Holdings”), Impala Merger Sub I, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of US Holdings (“Merger Sub 1”), Impala Merger Sub II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of US Holdings (“Merger Sub 2”), and IAA, Inc., a Delaware corporation (“IAA”), providing for RBA’s acquisition of IAA for total consideration as of the date hereof of approximately $7.3 billion, including the assumption of approximately $1.0 billion in debt.”
Eric Jacobs was appointed as Chief Financial Officer at RB GLOBAL INC..
“On June 2, 2022 Ritchie Bros. Auctioneers Incorporated (the “Company”) announced the appointment of Eric Jacobs, 55, as the Company’s Chief Financial Officer effective June 6, 2022.”
Bev Briscoe departed as Director at RB GLOBAL INC..
“Bev Briscoe notified Ritchie Bros. Auctioneers Incorporated (the "Company") of her decision to retire from service on its Board of Directors following the completion of her current term.”
Lisa Hook was appointed as Director at RB GLOBAL INC..
“has appointed Lisa Hook as a director of the Company, effective November 1, 2021.”
Sharon Driscoll departed as Chief Financial Officer at RB GLOBAL INC..
“The Company issued a press release on October 6, 2021 announcing the retirement of Sharon Driscoll, Chief Financial Officer, within two years.”
James Kessler was appointed as President at RB GLOBAL INC..
“On September 8, 2021, Ritchie Bros. Auctioneers Incorporated (the “Company”) appointed its Chief Operating Officer, James Kessler, to the additional role of President of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.