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Posted 25 October, 2023

RumbleOn, Inc. appointed Mike Kennedy as new CEO

Nasdaq:RMBL appointed new Chief Executive Officer Mike Kennedy in a 8-K filed on 25 October, 2023.


  Consistent with section 1(a)(ii) of the Cooperation Agreement filed as Exhibit 10.1 to the Company's Form 8-K, dated June 30, 2023, in light of the appointment of Mike Kennedy to serve as Chief Executive Officer, Mark Tkach confirmed on October 19, 2023, his intent to resign his roles as Interim Chief Executive Officer and as a director of the Company, contingent upon the commencement of Mr. Kennedy's employment and effective as of that same date, which is anticipated to be November 1, 2023.  

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Overview of RumbleOn, Inc.
Technology • Internet/Online
RumbleOn, Inc. engages in the provision of motor vehicle dealer and e-commerce platforms. It operates through the following segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes pre-owned motorcycles and powersports vehicles. The Automotive segment focuses on the distribution of pre-owned cars and trucks. The Vehicle Logistics and Transportation segment offers nationwide automotive transportation services between dealerships and auctions. The company was founded by Matthew A. Lane, Marshall Chesrown, and Steven Richard Berrard on October 24, 2013 and is headquartered in Irving, TX.
Market Cap
$268M
View Company Details
RumbleOn, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Resignation of Interim Chief Executive Officer and Director

Consistent with section 1(a)(ii) of the Cooperation Agreement filed as Exhibit 10.1 to the Company's Form 8-K, dated June 30, 2023, in light of the appointment of Mike Kennedy to serve as Chief Executive Officer, Mark Tkach confirmed on October 19, 2023, his intent to resign his roles as Interim Chief Executive Officer and as a director of the Company, contingent upon the commencement of Mr. Kennedy's employment and effective as of that same date, which is anticipated to be November 1, 2023. Mr. Tkach's decision to resign as Interim Chief Executive Officer and as a director did not result from any disagreement with the Company on any matter relating to the Company's operations, policies, and practices. Following his resignation, Mr. Tkach will continue to provide consulting and advisory services through the remainder of the term of his employment agreement and will be appointed to a board observer role. Furthermore, given Mr. Tkach's significant experience and expertise in the powersports industry, subject to compliance with Nasdaq listing requirements and other relevant considerations, the Board may consider nominating Mr. Tkach to serve or appointing him as a director of the Company at an appropriate future date.