RB Global Files 8-K on Operations, Officer Changes
Ticker: RBA · Form: 8-K · Filed: Feb 23, 2024 · CIK: 1046102
| Field | Detail |
|---|---|
| Company | Rb Global Inc. (RBA) |
| Form Type | 8-K |
| Filed Date | Feb 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.27 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, officer-changes, corporate-governance
TL;DR
**RB Global just dropped an 8-K covering financials and executive changes, so keep an eye on their next moves!**
AI Summary
RB Global, Inc. filed an 8-K on February 21, 2024, reporting on its results of operations and financial condition. The filing also addressed the departure or election of directors and officers, including compensatory arrangements. The company, formerly Ritchie Bros. Auctioneers Inc., is incorporated in Canada and has its business address in Westchester, IL.
Why It Matters
This filing provides investors with current information on RB Global's financial performance and significant changes in its leadership, which can influence future strategic direction and stock performance.
Risk Assessment
Risk Level: low — The 8-K is a routine disclosure of operational results and personnel changes, not indicating immediate high risk.
Key Numbers
- 001-13425 — SEC File Number (Identifies the company's filings with the SEC)
- 2024-02-21 — Report Date (Indicates when the reported events occurred)
Key Players & Entities
- RB Global, Inc. (company) — Registrant
- Ritchie Bros. Auctioneers Inc. (company) — Former company name
- February 21, 2024 (date) — Date of Report
- Canada (company) — Jurisdiction of incorporation
- 001-13425 (dollar_amount) — Commission File Number
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is RB Global, Inc.
What was the former name of RB Global, Inc. and when did the name change occur?
The former name was Ritchie Bros. Auctioneers Inc., and the name change occurred on September 12, 1997.
What items were reported in this 8-K filing?
The 8-K reported on Results of Operations and Financial Condition, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Other Events, and Financial Statements and Exhibits.
Where is RB Global, Inc. incorporated?
RB Global, Inc. is incorporated in Canada.
What is the business address of RB Global, Inc.?
The business address of RB Global, Inc. is Two Westbrook Corporate Center, Suite 500, Westchester, IL 60154.
Filing Stats: 730 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-02-23 07:30:38
Key Financial Figures
- $0.27 — d declared a quarterly cash dividend of $0.27 per common share, payable on March 1, 2
Filing Documents
- rba-20240221.htm (8-K) — 30KB
- rbaq42023ex171.htm (EX-17.1) — 8KB
- rbaq420238kex991.htm (EX-99.1) — 684KB
- rbglobal.jpg (GRAPHIC) — 76KB
- 0001628280-24-006513.txt ( ) — 1048KB
- rba-20240221.xsd (EX-101.SCH) — 3KB
- rba-20240221_def.xml (EX-101.DEF) — 16KB
- rba-20240221_lab.xml (EX-101.LAB) — 32KB
- rba-20240221_pre.xml (EX-101.PRE) — 17KB
- rba-20240221_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On February 23, 2024, RB Global, Inc. (the "Company") issued a press release announcing its financial results for the year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this report.
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 21, 2024, the Company received an email from Ann Fandozzi tendering her resignation as a member of the Board of Directors (the "Board") of the Company, effective immediately. Ms. Fandozzi was not a member of any Board committees prior to her resignation. Ms. Fandozzi stated that her resignation was a result of her belief that the Company's management is prioritizing short-term cost savings over long-term success and value creation, and also noted her concerns regarding loss of talent and certain customer relationships and lack of broader leadership. Ms. Fandozzi also asserted her belief that she has been excluded from Board committee meetings and executive sessions where key discussions and decisions are made. A copy of Ms. Fandozzi's resignation email is included as Exhibit 17.1 to this Current Report on Form 8-K. The Company has provided Ms. Fandozzi with a copy of this Current Report on Form 8-K no later than the date of its filing with the Securities and Exchange Commission and will provide Ms. Fandozzi with the opportunity to furnish the Company, as promptly as possible, with a letter addressed to the Company stating whether she agrees with the statements made by the Company in response to this Item 5.02 and, if not, stating the respects in which she does not agree.
01 Other Events
Item 8.01 Other Events On January 19, 2024, the Company announced that the Board declared a quarterly cash dividend of $0.27 per common share, payable on March 1, 2024, to shareholders of record on February 9, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 17.1 Email from Ann Fandozzi, dated February 21, 2024 99.1 News release, dated February 2 3 , 202 4 issued by RB Global, Inc. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURES
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. Dated: February 23, 2024 RB Global, Inc. By: /s/ Darren Watt Darren Watt Chief Legal Officer