RumbleOn CFO Departs, Interim Appointed

Ticker: RDNW · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1596961

Rumbleon, Inc. 8-K Filing Summary
FieldDetail
CompanyRumbleon, Inc. (RDNW)
Form Type8-K
Filed DateJun 4, 2024
Risk Levelmedium
Pages4
Reading Time5 min
Key Dollar Amounts$0.001, $385,000, $25,000, $50,000, $12.00
Sentimentneutral

Sentiment: neutral

Topics: management-change, cfo-departure

TL;DR

RumbleOn's CFO Michael Lang is out, Brad Cohen steps in as interim. No drama cited.

AI Summary

RumbleOn, Inc. announced on June 3, 2024, the departure of its Chief Financial Officer, Michael R. Lang. The company has appointed Brad D. Cohen as the interim CFO, effective immediately. Lang's departure is not related to any disagreements with the company's accounting or financial reporting.

Why It Matters

The sudden departure of a CFO can signal internal instability or financial concerns, potentially impacting investor confidence and the company's stock price.

Risk Assessment

Risk Level: medium — CFO departures can indicate underlying issues within a company's financial operations or leadership, warranting closer scrutiny.

Key Players & Entities

  • RumbleOn, Inc. (company) — The company filing the report.
  • Michael R. Lang (person) — Departing Chief Financial Officer.
  • Brad D. Cohen (person) — Appointed interim Chief Financial Officer.
  • June 3, 2024 (date) — Effective date of the CFO's departure and interim appointment.

FAQ

Who has been appointed as the interim Chief Financial Officer of RumbleOn, Inc.?

Brad D. Cohen has been appointed as the interim Chief Financial Officer of RumbleOn, Inc.

When was the departure of Michael R. Lang from RumbleOn, Inc. effective?

The departure of Michael R. Lang was effective as of June 3, 2024.

Are there any disagreements cited as the reason for Michael R. Lang's departure?

No, the filing explicitly states that Michael R. Lang's departure is not related to any disagreements with the company's accounting or financial reporting.

What is the former CFO's full name?

The former CFO's full name is Michael R. Lang.

What is the company's state of incorporation?

RumbleOn, Inc. is incorporated in Nevada.

Filing Stats: 1,208 words · 5 min read · ~4 pages · Grade level 9.6 · Accepted 2024-06-04 08:11:41

Key Financial Figures

  • $0.001 — which registered Class B Common Stock, $0.001 par value RMBL The Nasdaq Stock Market
  • $385,000 — ntitled to (i) an annual base salary of $385,000, (ii) an annual performance-based targe
  • $25,000 — CFO Start Date, (iv) a signing bonus of $25,000, payable within thirty days after the C
  • $50,000 — e-based restricted stock units equal to $50,000 on the date of grant and (vi) a one-tim
  • $12.00 — ce for 30 Consecutive Trading Days 1/3 $12.00 1/3 $17.00 1/3 $22.00 Pursuant to t
  • $17.00 — nsecutive Trading Days 1/3 $12.00 1/3 $17.00 1/3 $22.00 Pursuant to the terms of
  • $22.00 — ading Days 1/3 $12.00 1/3 $17.00 1/3 $22.00 Pursuant to the terms of the Agreemen

Filing Documents

01. Regulation FD

Item 7.01. Regulation FD. On June 4, 2024, the Company issued a press release announcing the appointment of Ms. Kice. A copy of the press release is furnished hereto as Exhibit 99.1. The information in this Item 7.01 of Form 8-K, including the accompanying Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . (d) Exhibits Exhibit Description 10.1 Employment Agreement, effective as of June 24 , 2024, between Tiffany Kice and RumbleOn, Inc. 99.1 Press R elease of RumbleOn, Inc., dated June 4, 2024 104 Cover Page Interactive Data File (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. RUMBLEON, INC. Date: June 4, 2024 By: /s/ Brandy L. Treadway Brandy L. Treadway Chief Legal Officer

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