RUSH ENTERPRISES INC \TX\ amended Fourth Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement with Bank of Montreal valued at from $171.7 million CAD to $194.7 million CAD (effective 2026-06-15).
“Effective June 15, 2026, Rush Truck Centres of Canada Limited (“RTC-Canada”), a subsidiary of Rush Enterprises, Inc. (the “Company”), and the Company, as guarantor, entered into the Fourth Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement (the “Fourth Amendment”) with Bank of Montreal (“BMO”), which amended that certain Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of July 15, 2022, among RTC-Canada, BMO and the Company, as guarantor (the “RTC-Canada Floor Plan Credit Agreement”), as amended.”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Ratification of the Company's Independent Registered Public Accounting Firm at the 2026-05-19 meeting.
“The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year.”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Advisory Vote to Approve Executive Compensation at the 2026-05-19 meeting.
“The Company’s shareholders approved, on an advisory basis, the Company’s executive compensation.”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Election of Directors at the 2026-05-19 meeting.
“The Company’s shareholders elected W.M. “Rusty” Rush, Thomas A. Akin, Raymond J. Chess, William H. Cary, Dr. Kennon H. Guglielmo, Elaine Mendoza, Troy A. Clarke, Amy Boerger and Michael J. McRoberts as directors to hold office until the Company’s 2027 Annual Meeting of Shareholders.”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported first quarter ended March 31, 2026 results: revenue $1.68 billion, net income $61.5 million, EPS $0.77 per diluted share.
“Rush Enterprises, Inc., New Braunfels Steven L. Keller, 830-302-5226 RUSH ENTERPRISES, INC. REPORTS FIRST QUARTER 2026 RESULTS, ANNOUNCES $0.19 PER SHARE DIVIDEND ● Revenues of $1.68 billion, net income of $61.5 million ● Earnings per diluted share of $0.77 ● Absorption ratio 126.9% ● Board declares cash dividend of $0.19 per share of Class A and Class B common stock”
Governance Changes
RUSH ENTERPRISES INC \TX\: Amended and restated bylaws to incorporate provisions of Texas Business Organizations Code, including derivative proceeding ownership threshold, exclusive forum for internal claims, jury trial waiver, and director nomination compliance with Rule 14a-19 (effective 2025-12-01).
“On December 1, 2025, the Board of Directors of Rush Enterprises, Inc. (the “Company”) approved the Second Amended and Restated Bylaws of the Company (the “Bylaws”), effective as of such date.”
Jason Wilder was appointed as Chief Operating Officer at RUSH ENTERPRISES INC \TX\.
“the Board of Directors of the Company appointed Jason Wilder to serve as COO, effective November 1, 2024”
Michael J. McRoberts departed as Chief Operating Officer at RUSH ENTERPRISES INC \TX\.
“Mr. McRoberts is stepping down from his role as COO effective October 31, 2024”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported the quarter ended March 31, 2024 results: revenue $1.872 billion, net income $71.6 million, EPS $0.88 per diluted share.
“Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2024, the Company achieved revenues of $1.872 billion and net income of $71.6 million, or $0.88 per diluted share, compared with revenues of $1.912 billion and net income of $90.5 million, or $1.07 per diluted share, in the quarter ended March 31, 2023.”
Material Agreements
RUSH ENTERPRISES INC \TX\ amended First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement with PACCAR Leasing Company ("PLC"), a division of PACCAR Financial Corp. valued at $375.0 million (effective 2024-04-09).
“On April 9, 2024, Rush Truck Leasing, Inc. (“RTL”), a wholly owned subsidiary of Rush Enterprises, Inc., entered into the First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “First Amendment”) with PACCAR Leasing Company (“PLC”), a division of PACCAR Financial Corp., which amended that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “Agreement”), dated as of November 1, 2023. Pursuant to the terms of the First Amendment, the Agreement was amended to increase the total loan commitment from $300.0 million to $375.0 million.”
Jason Wilder was appointed as Chief Operating Officer at RUSH ENTERPRISES INC \TX\.
“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 departed as Senior Vice President – Finance, Insurance and Leasing at RUSH ENTERPRISES INC \TX\.
“Scott Anderson, Senior Vice President – Finance, Insurance and Leasing, will retire effective March 30, 2024.”
Michael J. McRoberts changed role as Chief Operating Officer at RUSH ENTERPRISES INC \TX\.
“Michael J. McRoberts will step down from his role as Chief Operating Officer ("COO") in the second half of the year.”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported year ended December 31, 2023 results: revenue $7.9 billion, net income $347.1 million, EPS $4.15 per diluted share.
“today announced that for the year ended December 31, 2023, the Company achieved revenues of $7.9 billion and net income of $347.1 million, or $4.15 per diluted share”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported fiscal fourth quarter ended December 31, 2023 results: revenue $2.0 billion, net income $78.0 million.
“ANNOUNCES $0.17 PER SHARE DIVIDEND ● Annual revenues of $7.9 billion; net income of $347.1 million ● Annual earnings per diluted share of $4.15 ● 4th quarter revenues of $2.0 billion; net income of $78.0 million ● Record high annual revenues driven by strong new truck demand and aftermarket growth ● Board declares cash dividend of $.17 per share of Class A”
Material Agreements
RUSH ENTERPRISES INC \TX\ amended Second Amendment to Credit Agreement with Wells Fargo Bank, N.A., as Administrative Agent, and the lenders party thereto (effective 2023-12-22).
“Effective December 22, 2023, Rush Enterprises, Inc. (the “Company”) and certain of its subsidiaries (the Company and such subsidiaries collectively, “Rush”) entered into the Second Amendment to Credit Agreement (the “Second Amendment”) with each of the lenders party thereto (the “Lenders”) and Wells Fargo Bank, N.A., as Administrative Agent (the “Administrative Agent”), which amended that certain Credit Agreement, dated as of September 14, 2021”
Debt Financings
RUSH ENTERPRISES INC \TX\ incurred revolving credit of up to $300 million with PACCAR Leasing Company at prime rate, minus 1.95% maturing 2025-12-01.
“On November 1, 2023, Rush Truck Leasing, Inc. (“RTL”), a wholly owned subsidiary of Rush Enterprises, Inc. (“Rush”), entered into that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “Agreement”) with PACCAR Leasing Company (“PLC”), a division of PACCAR Financial Corp. Pursuant to the terms of the Agreement, PLC agreed to make up to $300 million of revolving credit loans to finance certain of RTL’s capital expenditures, including commercial vehicle purchases and other equipment to be leased or rented through RTL’s PacLease franchise.”
Material Agreements
RUSH ENTERPRISES INC \TX\ entered into Second Amended and Restated Inventory Financing and Purchase Money Security Agreement with PACCAR Leasing Company valued at $300 million (effective 2023-11-01).
“On November 1, 2023, Rush Truck Leasing, Inc. (“RTL”), a wholly owned subsidiary of Rush Enterprises, Inc. (“Rush”), entered into that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “Agreement”) with PACCAR Leasing Company (“PLC”), a division of PACCAR Financial Corp. Pursuant to the terms of the Agreement, PLC agreed to make up to $300 million of revolving credit loans to finance certain of RTL’s capital expenditures, including commercial vehicle purchases and other equipment to be leased or rented through RTL’s PacLease franchise.”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported third quarter ended September 30, 2023 results: revenue $1.981 billion, net income $80.3 million, EPS $0.96 per diluted share.
“Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the third quarter ended September 30, 2023, the Company achieved revenues of $1.981 billion and net income of $80.3 million, or $0.96 per diluted share, compared with revenues of $1.86 billion and net income of $90.4 million, or $1.06 per diluted share, in the quarter ended September 30, 2022.”
Michael McRoberts was appointed as Director at RUSH ENTERPRISES INC \TX\.
“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.”
Amy Boerger was appointed as Director at RUSH ENTERPRISES INC \TX\.
“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.”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported the quarter ended June 30, 2023 results: revenue $2.003 billion, net income $98.3 million, EPS $1.75 per diluted share.
“for the quarter ended June 30, 2023, the Company achieved revenues of $2.003 billion and net income of $98.3 million, or $1.75 per diluted share”
Material Agreements
RUSH ENTERPRISES INC \TX\ amended First Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement with Bank of Montreal ("BMO") (effective 2023-05-31).
“Effective May 31, 2023, Rush Truck Centres of Canada Limited (“RTC-Candada”), a subsidiary of the Company, entered into the First Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement (the “First RTC-Canada Floor Plan Amendment”) with Bank of Montreal (“BMO”), which amended that certain Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of July 15, 2022, among RTC-Canada and BMO (the “RTC-Canada Floor Plan Credit Agreement”).”
Material Agreements
RUSH ENTERPRISES INC \TX\ amended First Amendment to Fifth Amended and Restated Credit Agreement with Lenders signatory thereto and BMO Harris Bank N.A., as administrative agent and collateral agent for the Lenders (effective 2023-05-31).
“Effective May 31, 2023, Rush Enterprises, Inc. (the “Company”) and certain of its subsidiaries (the Company and such subsidiaries collectively, “Rush”) entered into the First Amendment to Fifth Amended and Restated Credit Agreement (the “First Rush Floor Plan Amendment”) with the Lenders signatory thereto (the “Lenders”) and BMO Harris Bank N.A., as administrative agent and collateral agent for the Lenders (the “Administrative Agent”), which amended that certain Fifth Amended and Restated Credit Agreement, dated as of September 14, 2021, among Rush, the Lenders and Administrative Agent (the “Rush Floor Plan Credit Agreement”).”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Ratification of the Company's Independent Registered Public Accounting Firm at the 2023-05-16 meeting.
“Proposal 8 – Ratification of the Company ’ s Independent Registered Public Accounting Firm . The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. The voting results were as follows: Votes For Votes Against Abstentions 14,024,588 119,771 2,648”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-16 meeting.
“Proposal 7 – Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation . With respect to the Company’s shareholders’ recommended frequency of future advisory votes on executive compensation, the voting results were as follows: Votes For One Year Votes For Two Years Votes For Three Years Abstentions Broker Non-Votes 3,453,387 3,235 9,577,543 4,737 1,108,105”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-05-16 meeting.
“Proposal 6 – Advisory Vote to Approve Executive Compensation . The Company’s shareholders approved, on an advisory basis, the Company’s executive compensation. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 11,539,116 1,497,974 1,811 1,108,106”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Approval of the Certificate of Amendment to the Restated Articles of Incorporation of the Company to Increase the Number of Authorized Shares of Class B Common Stock from 20,000,000 to 35,000,000 at the 2023-05-16 meeting.
“Proposal 5 – Approval of the Certificate of Amendment to the Restated Articles of Incorporation of the Company to Increase the Number of Authorized Shares of Class B Common Stock from 20,000,000 to 35,000,000 . The Company’s shareholders approved the Certificate of Amendment to the Restated Articles of Incorporation of the Company to increase the number of authorized shares of Class B Common Stock from 20,000,000 to 35,000,000. A copy of the Certificate of Amendment to the Restated Articles of Incorporation is filed as Exhibit 10.3 and incorporated herein by reference. The voting results were as follows: Class B Common Stock Holders Voting as a Separate Class: Votes For Votes Against Abstentions 9,963,996 2,238,772 2,094 Class A and Class B Common Stock Holders Voting Together in the Aggregate: Votes For Votes Against Abstentions 10,754,502 3,389,629 2,876”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Approval of the Certificate of Amendment to the Restated Articles of Incorporation of the Company to Increase the Number of Authorized Shares of Class A Common Stock from 60,000,000 to 105,000,000 at the 2023-05-16 meeting.
“Proposal 4 – Approval of the Certificate of Amendment to the Restated Articles of Incorporation of the Company to Increase the Number of Authorized Shares of Class A Common Stock from 60,000,000 to 105,000,000 . The Company’s shareholders approved the Certificate of Amendment to the Restated Articles of Incorporation of the Company to increase the number of authorized shares of Class A Common Stock from 60,000,000 to 105,000,000. A copy of the Certificate of Amendment to the Restated Articles of Incorporation is filed as Exhibit 10.3 and incorporated herein by reference. The voting results were as follows: Class A Common Stock Holders Voting as a Separate Class: Votes For Votes Against Abstentions 1,885,967 55,223 724 Class A and Class B Common Stock Holders Voting Together in the Aggregate: Votes For Votes Against Abstentions 13,932,243 202,748 12,015”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Approval of the Amendment and Restatement of the 2004 Employee Stock Purchase Plan at the 2023-05-16 meeting.
“Proposal 3 – Approval of the Amendment and Restatement of the 2004 Employee Stock Purchase Plan . The Company’s shareholders approved the amendment and restatement of the Company’s 2004 ESPP. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 13,005,929 29,742 3,231 1,108,105”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Approval of the Amendment and Restatement of the 2007 Long-Term Incentive Plan at the 2023-05-16 meeting.
“Proposal 2 – Approval of the Amendment and Restatement of the 2007 Long-Term Incentive Plan . The Company’s shareholders approved the amendment and restatement of the Company’s 2007 LTIP. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 9,735,853 3,299,264 3,785 1,108,105”
Shareholder Votes
RUSH ENTERPRISES INC \TX\ shareholders approved Election of Directors at the 2023-05-16 meeting.
“Proposal 1 – Election of Directors . The Company’s shareholders elected W.M. “Rusty” Rush, Thomas A. Akin, Raymond J. Chess, William H. Cary, Dr. Kennon H. Guglielmo, Elaine Mendoza and Troy A. Clarke as directors to hold office until the Company’s 2024 Annual Meeting of Shareholders. The voting results for each of these individuals were as follows: Name Votes For Votes Withheld Broker Non-Votes W. M. “Rusty” Rush 12,859,740 179,162 1,108,105 Thomas A. Akin 12,763,824 275,078 1,108,105 Raymond J. Chess 12,308,094 730,808 1,108,105 William H. Cary 12,902,070 136,832 1,108,105 Dr. Kennon H. Guglielmo 10,798,282 2,240,620 1,108,105 Elaine Mendoza 12,257,321 781,581 1,108,105 Troy A. Clarke 12,314,811 724,091 1,108,105”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported the quarter ended March 31, 2023 results: revenue $1.912 billion, net income $90.5 million, EPS $1.60 per diluted share.
“Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2023, the Company achieved revenues of $1.912 billion and net income of $90.5 million, or $1.60 per diluted share”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported the fiscal fourth quarter ended December 31, 2022 results: revenue $1.9 billion, net income $98.3 million.
“4th quarter revenues of $1.9 billion; net income of $98.3 million”
Earnings Releases
RUSH ENTERPRISES INC \TX\ reported the fiscal year ended December 31, 2022 results: revenue $7.1 billion, net income $391.4 million, EPS $6.85 per diluted share.
“Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the year ended December 31, 2022, the Company achieved revenues of $7.1 billion and net income of $391.4 million, or $6.85 per diluted share, compared with revenues of $5.1 billion and net income of $241.4 million, or $4.17 per diluted share, for the year ended December 31, 2021.”
Material Agreements
RUSH ENTERPRISES INC \TX\ amended First Amendment to Credit Agreement with Wells Fargo Bank, N.A., as Administrative Agent, and the lenders party thereto valued at from $250 million to $175 million (effective 2022-11-30).
“Effective November 30, 2022, Rush Enterprises, Inc. (the “Company”) and certain of its subsidiaries (the Company and such subsidiaries collectively, “Rush”) entered into the First Amendment to Credit Agreement (the “First Amendment”) with each of the lenders party thereto (the “Lenders”) and Wells Fargo Bank, N.A., as Administrative Agent (the “Administrative Agent”), which amended that certain Credit Agreement, dated as of September 14, 2021, among Rush, the Lenders and Administrative Agent.”
Derrek Weaver changed role as Executive Vice President at RUSH ENTERPRISES INC \TX\.
“Effective March 31, 2022, Derrek Weaver stepped down as Executive Vice President of Rush Enterprises, Inc.”
James Underwood retired as Director at RUSH ENTERPRISES INC \TX\.
“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.”
James Underwood departed as Director at RUSH ENTERPRISES INC \TX\.
“James Underwood notified the Board that he will retire from the Board in early 2022”
Troy Clarke was appointed as Member of the Board at RUSH ENTERPRISES INC \TX\.
“appointed Troy Clarke as a new member of the Board, effective immediately.”
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.