Michael J. McRoberts
Mr. McRoberts is stepping down from his role as COO effective October 31, 2024
Highest-materiality recent filing
Rush Enterprises extends BMO credit facilities to Dec 2029; removes $20M CAD accordion
Revolving lease/rental credit agreement extended to Dec 31, 2029; credit limit remains $120M CAD.
Net income $72.8M ($0.91/diluted share) vs $72.4M ($0.90) in Q2 2025; revenue $1.900B down 1.6%.
Rush Enterprises forms JV with MCT Companies for $47.5M, expands into refrigerated transport
Rush Enterprises to acquire 50% equity in new JV MCT Holdings for ~$47.5M.
Rush Enterprises approves exec salary increases, dual lists on Nasdaq Texas
CEO Rusty Rush base salary increased to $1,855,802; CFO Keller to $562,506; COO Pollard to $530,450; SVP Lowe to $527,193, effective July 1, 2026.
Rush Enterprises increases Canadian floor plan credit facility to CAD 194.7M
Fourth Amendment to BMO Wholesale Financing Agreement dated June 15, 2026.
Rush Enterprises shareholders elect all 9 directors, approve say-on-pay, ratify EY as auditor
All nine director nominees elected; highest vote count 17.66M (McRoberts), lowest 12.03M (Mendoza).
Rush Enterprises files investor presentation; no new financial data disclosed
Company furnished an investor presentation under Item 7.01 for use in upcoming meetings.
Q1 revenue $1.68B (-9.2%), EPS $0.77 (+5.5%); $0.19 dividend; Peterbilt dealership acquisition
Revenue $1.68B (-9.2% YoY); net income $61.5M ($0.77 diluted EPS) vs $60.3M ($0.73) in Q1 2025.
Rush Enterprises appoints Jody Pollard as COO; Jason Wilder departs
Jason Wilder resigned as COO due to commuting demands; left the company effective immediately.
Rush Enterprises COO Jason Wilder resigns; McRoberts to assist transition
Jason Wilder resigned as COO on March 18, 2026 to pursue other opportunities.
Rush Enterprises awards ~$5.3M in cash bonuses, options, and RSAs to top execs
CEO Rusty Rush: $3,508,150 bonus, 35,000 stock options, 50,000 RSAs.
Rush Enterprises FY2025 revenue $7.4B, EPS $3.27, both down YoY; Q4 net income $64.3M
Annual revenue $7.4B vs $7.8B in 2024; net income $263.8M ($3.27/diluted share) down from $304.2M ($3.72).
Rush Enterprises launches $150M buyback, amends bylaws for derivative threshold
New $150M stock repurchase program for Class A and Class B common stock, effective Dec 3, 2025, replacing prior $200M program.
Rush Enterprises furnishes investor presentation; no specifics provided
Presentation was furnished under Regulation FD but no text content was disclosed in the 8-K.
Q3 revenue $1.88B, EPS $0.83; aftermarket rev +1.5%; new Class 8 sales -11%; dividend $0.19
Net income $66.7M ($0.83 diluted) vs $79.1M ($0.97) a year ago; revenue down 0.8% to $1.881B.
Rush Enterprises extends credit facility maturity to September 30, 2028 via Fourth Amendment
Maturity date extended to September 30, 2028; $350k upfront fee paid to Administrative Agent.
Rush Enterprises furnishes investor presentation for upcoming meetings
Presentation will be used in meetings with investors and analysts over next couple of months.
Rush Enterprises Q2 net income $72.4M ($0.90 EPS), revenue $1.93B, dividend raised to $0.19
Revenue $1.931B (down 4.8% YoY); net income $72.4M ($0.90 diluted EPS) vs $78.7M ($0.97) in Q2 2024.
Rush Enterprises CEO Rusty Rush salary set at $1.8M; other NEOs also receive base pay increases
CEO Rusty Rush annual base salary set at $1,801,750 effective July 1, 2025.
Rush Enterprises ups Canadian floor plan credit line by CAD 55M to CAD 171.7M
Total loan commitment increased from CAD 116.7M to CAD 171.7M, a CAD 55M rise.
Rush Enterprises boosts share repurchase program by $50M to $200M total
Board approved $50M increase to existing repurchase program, raising aggregate authorization to $200M.
Rush Enterprises shareholders elect all nine director nominees and ratify Ernst & Young
All nine directors elected; W.M. Rush received 17.79M votes for, 124k withheld.
Rush Enterprises posts investor presentation as Exhibit 99.1; content not disclosed in filing
Filing under Item 7.01 furnishes a presentation for use in investor meetings over coming months.
Rush Enterprises Q1 net income $60.3M ($0.73 EPS), revenue $1.85B; new Class 8 sales down 7.4%
Revenue $1.85B (-1.1% YoY), net income $60.3M (-15.8% YoY), diluted EPS $0.73 vs $0.88.
Rush Enterprises board approves $5.9M cash bonuses, 65K options, 145K restricted shares to top execs
CEO Rusty Rush receives $3.73M cash bonus, 35k stock options, 70k restricted stock awards.
Q4 2024 net income $74.8M ($0.91 diluted EPS) vs $78.0M ($0.95) in Q4 2023.
Rush Enterprises reduces bank floor plan to $675M, enters $800M PACCAR financing
Reduced bank floor plan commitment from $1.0B to $675M; excludes Peterbilt inventory; maturity extended to Dec 2029.
Rush Enterprises adopts new $150M stock repurchase program, replaces prior plan
Board approved new $150M repurchase program for Class A & B common stock, effective Dec 3, 2024, expiring Dec 31, 2025.
Rush Enterprises Q3 EPS $0.97, revenue $1.896B; declares $0.18 dividend; COO transition
Q3 revenue $1.896B (-4.3% YoY); diluted EPS $0.97 vs $0.96; net income $79.1M vs $80.3M.
Rush Enterprises files investor presentation; content not available in text form
Rush Enterprises furnished an investor presentation as Exhibit 99.1 for use at meetings with investors and analysts.
Revenue $2.027B (+1.2% YoY); net income $78.7M ($0.97 EPS) vs $98.3M ($1.17 EPS) in Q2 2023.
Rush Enterprises amends Canadian credit agreements to replace CDOR with Term CORRA benchmark
First Amendment to BMO Revolving Lease and Rental Credit Agreement effective June 1, 2024; rate becomes Term CORRA + 1.72%.
Rush Enterprises shareholders elect all nine director nominees and ratify auditor
W.M. 'Rusty' Rush, Thomas A. Akin, Raymond J. Chess, William H. Cary, Dr. Kennon H. Guglielmo, Elaine Mendoza, Troy A. Clarke, Amy Boerger, Michael J. McRoberts elected directors.
Rush Enterprises Q1 EPS $0.88 vs $1.07; revenue down 2.1%; declares $0.17 dividend
Net income $71.6M, diluted EPS $0.88 vs $1.07 in Q1 2023; revenue $1.872B (-2.1% YoY).
Rush Truck Leasing increases PACCAR inventory financing facility to $375M
Loan commitment raised from $300M to $375M via First Amendment to existing agreement.
Rush Enterprises COO McRoberts to step down in H2 2024; SVP Anderson retiring March 30
COO Michael McRoberts to step down in H2 2024; remains on board in senior advisory role.
Rush Enterprises files 8-K furnishing investor presentation; no material new data disclosed
Company intends to use Exhibit 99.1 investor presentation in upcoming meetings with investors and analysts.
Rush Enterprises reports record annual revenue of $7.9B; net income falls to $347M
Annual revenue $7.9B (up from $7.1B in 2022); net income $347.1M ($4.15 diluted EPS) vs $391.4M ($4.57) in 2022.
Rush Enterprises extends revolving credit facility maturity to September 14, 2026
Second Amendment to Credit Agreement signed December 22, 2023; Maturity Date extended to September 14, 2026.
Rush Enterprises adopts $150M repurchase program, repurchases $65.3M of Class B stock from CEO
Board authorized new $150M stock repurchase program, replacing prior program; $84.7M remains after transaction.
Rush Enterprises files 8-K for investor presentation; no substantive details available
Investor presentation furnished as Exhibit 99.1, but content not provided in text.
Rush subsidiary enters $300M amended credit facility with PACCAR Leasing
RTL secures $300M revolving credit; borrowing base equals depreciated net book value of financed assets.
Rush Enterprises Q3 rev $1.98B (+6.2%); EPS $0.96 vs $1.06; declares $0.17 dividend
Revenue $1.981B (+6.2% YoY); net income $80.3M ($0.96 diluted EPS) down from $90.4M ($1.06).
Rush Enterprises appoints Amy Boerger (ex-Cummins) and COO Michael McRoberts to Board
Appointed Amy Boerger (former Cummins VP & GM, 39-year tenure) as independent director, effective Oct 10, 2023.
Net income $98.3M ($1.75 diluted EPS); adjusted prior-year EPS also $1.75 after excluding a $9.8M Canada acquisition gain.
Rush Enterprises approves salary increases for CEO and other named executive officers
Chairman/CEO Rusty Rush's base salary increased to $1,749,271 effective July 1, 2023.
Rush Enterprises amends floor plan credit agreements to replace LIBOR with Term SOFR
Effective June 1, 2023, US floor plan credit agreement benchmark changed from LIBOR to Term SOFR plus 1.20%.
Rush Enterprises furnishes investor presentation; no material new information disclosed
Company furnished an investor presentation under Item 7.01 Regulation FD.
Shareholders approved 2007 LTIP amendment, adding 1.2M shares each of Class A and B and extending term to 2033.
Rush Enterprises Q1 revenue $1.912B (+22.3% YoY), EPS $1.60; declares $0.21 dividend
Revenue $1.912B, net income $90.5M, diluted EPS $1.60 (vs adjusted $1.43 in Q1 2022).
Mr. McRoberts is stepping down from his role as COO effective October 31, 2024
the Board of Directors of the Company appointed Jason Wilder to serve as COO, effective November 1, 2024
Michael J. McRoberts will step down from his role as Chief Operating Officer ("COO") in the second half of the year.
the Board of Directors of the Company appointed Jason Wilder to serve as COO, effective upon the date that Mr. McRoberts steps down.
Scott Anderson, Senior Vice President – Finance, Insurance and Leasing, will retire effective March 30, 2024.
On October 10, 2023, the Board of Directors (the “Board”) of Rush Enterprises, Inc. (the “Company”) appointed Amy Boerger and Michael McRoberts to the Board, effective immediately.
On October 10, 2023, the Board of Directors (the “Board”) of Rush Enterprises, Inc. (the “Company”) appointed Amy Boerger and Michael McRoberts to the Board, effective immediately.
Effective March 31, 2022, Derrek Weaver stepped down as Executive Vice President of Rush Enterprises, Inc.
On March 2, 2022, James Underwood notified Rush Enterprises, Inc. (the “Company”) of his retirement from the Company’s Board of Directors (the “Board”), effective immediately.
appointed Troy Clarke as a new member of the Board, effective immediately.
James Underwood notified the Board that he will retire from the Board in early 2022
Max materiality 0.80 · Median 0.50 · Most common event earnings