RideNow Group, Inc 8-K, filed Jun 24, 2022
RideNow Group, Inc. (RDNW)
About this 8-K
RideNow Group, Inc filed this 8-K on June 24, 2022, reporting on events of June 23, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 23, 2022, the Board of Directors of RumbleOn, Inc. (the "Company") appointed Ms. Shin Lee as a director of the Company. In addition to her service on the Board, Ms. Lee will serve on the Board’s Nominating and Corporate Governance Committee and the Compensation Committee.
Ms. Lee, 54, serves as the Chief of Staff of Square Financial Services, a bank newly established within Block, Inc. (previously known as Square) since June 2021. Before Block, Inc., Ms. Lee served in a number of senior executive roles at Wells Fargo in risk management, governance, global expansion, and merger integration from March 2003 to June 2021. Ms. Lee has an EMBA jointly awarded by NYU Stern, HEC School of Management, and the London School of Economics, and a Ph.D. in organizational psychology from Kansas State University.
Ms. Lee will participate in the Company’s non-employee director compensation program, which is described under the section titled Non-Employee Director Compensation in the Company’s proxy statement for its 2022 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on May 2, 2022.
There are no related party transactions between the Company and Ms. Lee which would require disclosure under Item 404 of Regulation S-K.
A copy of the press release announcing the appointment of Ms. Lee is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release, dated June 23, 2022. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RUMBLEON, INC. | ||
| Date: June 24, 2022 | By: | /s/ Marshall Chesrown |
| Marshall Chesrown | ||
| Chief Executive Officer | ||
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Exhibit 99.1
RumbleOn Appoints Seasoned Executive Shin Lee to its Board of Directors
IRVING, Texas--(BUSINESS WIRE)-- RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn"), the nation's first technology-based omnichannel powersports platform, today announced the appointment of Ms. Shin Lee to its Board of Directors. Ms. Lee is a seasoned executive bringing nearly 20 years of experience from leading Fortune 500 companies including Block Inc., and Wells Fargo. Following the appointment of Ms. Lee, the Board is composed of seven directors, five of whom are independent. Ms. Lee will serve on the Board’s Nominating and Corporate Governance Committee and its Compensation Committee.
Marshall Chesrown, RumbleOn’s Chairman and Chief Executive Officer, commented, “We are honored to welcome Shin Lee to RumbleOn’s Board of Directors. As a global business leader with extensive operations experience, I am confident that her expertise in planning and executing complex initiatives in rapid growth environments will prove to be an asset to RumbleOn. We continue strengthening our leadership team and remain focused on driving profitable growth and delivering shareholder value as we execute on our mission.”
Ms. Lee currently serves as the Chief of Staff of Square Financial Services, a bank newly established within Block, Inc. (formerly Square, Inc.), and is responsible for planning and mobilizing teams to execute the company’s top priorities. Before Block, Inc., Ms. Lee held a number of senior executive roles during her 18-year tenure at Wells Fargo. Her positions spanned risk management, governance, global expansion, and merger integration. Ms. Lee holds a Ph.D. in organizational psychology from Kansas State University, and an EMBA jointly awarded by NYU Stern, HEC School of Management, and the London School of Economics.
Ms. Lee commented, “Like many of the world’s most innovative companies, RumbleOn strives to provide unparalleled customer choice and a seamless, personalized and multi-touch digital experience, in an industry that has yet to embrace technology. RumbleOn is revolutionizing an industry that is ripe for disruption and I am thrilled to join Marshall and the rest of this visionary team and help lead RumbleOn into the future.”
About RumbleOn
RumbleOn, Inc. is the nation's first technology-based omnichannel powersports platform. Headquartered in the Dallas Metroplex, RumbleOn is revolutionizing the customer experience for outdoor enthusiasts across the country and making powersport vehicles accessible to more people, in more places than ever before. To learn more please visit us online at https://www.rumbleon.com.
Contacts
Investor Relations Contact:
Will Newell
investors@rumbleon.com
Source: RumbleOn, Inc.
