RB Global Inc. Announces Board and Executive Changes
Ticker: RBA · Form: 8-K · Filed: Aug 11, 2025 · CIK: 1046102
| Field | Detail |
|---|---|
| Company | Rb Global Inc. (RBA) |
| Form Type | 8-K |
| Filed Date | Aug 11, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $350,000, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
RB Global shakes up board, adjusts exec pay effective Aug 5.
AI Summary
RB Global, Inc. announced on August 5, 2025, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director, the election of a new director, and adjustments to the compensatory arrangements for certain officers. These changes are effective as of August 5, 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes, such as director departures and appointments, with no immediate financial implications disclosed.
Key Players & Entities
- RB Global, Inc. (company) — Registrant
- August 5, 2025 (date) — Effective date of reported changes
FAQ
Who is the departing director and who is the newly elected director?
The filing does not specify the names of the departing or newly elected directors.
What specific changes were made to the compensatory arrangements of certain officers?
The filing indicates that there were adjustments to compensatory arrangements but does not provide specific details on the nature or extent of these changes.
What is the effective date of these board and executive changes?
The effective date for all reported changes is August 5, 2025.
Is this filing related to any financial performance or acquisition?
No, this filing (Form 8-K) pertains to the departure of directors, election of directors, appointment of officers, and compensatory arrangements, not financial performance or acquisitions.
What was the former name of RB Global, Inc.?
The former name of RB Global, Inc. was Ritchie Bros. Auctioneers Inc., with a name change date of September 12, 1997.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2025-08-11 16:31:41
Key Financial Figures
- $350,000 — annual base salary will be increased to $350,000, (2) Mr. Carlson's target incentive amo
- $120,000 — e Company involving an amount exceeding $120,000. SIGNATURES Pursuant to the requirem
Filing Documents
- tm2523131d1_8k.htm (8-K) — 27KB
- 0001104659-25-076179.txt ( ) — 235KB
- rba-20250805.xsd (EX-101.SCH) — 4KB
- rba-20250805_def.xml (EX-101.DEF) — 26KB
- rba-20250805_lab.xml (EX-101.LAB) — 36KB
- rba-20250805_pre.xml (EX-101.PRE) — 25KB
- tm2523131d1_8k_htm.xml (XML) — 5KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 5, 2025, Jeff Jeter, Chief Revenue Officer of RB Global, Inc. (the "Company") informed the Company that he will retire from the Company, effective March 31, 2026. After such date, Mr. Jeter will continue to be an advisor to the Company through 2026 to ensure a smooth transition. On August 5, 2025, the Company appointed Chris Carlson, 43, to serve as the Company's Chief Accounting Officer, effective August 24, 2025 (the "Effective Date"). Mr. Carlson has served as the Company's SVP, Global Controller since 2023 and prior to that from 2019 as Principal Accounting Officer, Treasurer and Corporate Controller at IAA, Inc. before the Company's acquisition of IAA. In connection with Mr. Carlson's promotion and additional responsibilities, the following will apply: (1) Mr. Carlson's annual base salary will be increased to $350,000, (2) Mr. Carlson's target incentive amount under the Company's annual short-term incentive ("STI") program will be 60% of his base salary; and (3) Mr. Carlson's long-term incentive ("LTI") target will be increased from 60% to 80% of his base salary. Mr. Carlson has no family relationship with any of the executive officers or directors of the Company. Since the beginning of the Company's last fiscal year, Mr. Carlson does not have a material interest, direct or indirect, in any other transaction or proposed transaction with the Company involving an amount exceeding $120,000.
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. RB GLOBAL, INC. By: /s/ Ryan Welsh Ryan Welsh VP Legal & Corporate Secretary Date: August 11, 2025