Rush Street Interactive Announces Executive and Board Changes
Ticker: RSI · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1793659
Sentiment: neutral
Topics: executive-changes, board-changes, leadership-transition
Related Tickers: RSI
TL;DR
RSI shakes up leadership: Schwartz is CEO, new board members elected.
AI Summary
Rush Street Interactive, Inc. announced on December 16, 2024, a series of executive and board changes. These include the appointment of Richard Schwartz as Chief Executive Officer, and the election of new directors including Matthew J. Friede, David M. Harris, and Jeffrey S. R. Smith. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
This filing indicates a significant leadership transition and potential strategic shifts within Rush Street Interactive, which could impact its market position and future performance.
Risk Assessment
Risk Level: medium — Leadership changes and new board appointments can signal strategic shifts or internal challenges, introducing uncertainty.
Key Players & Entities
- Rush Street Interactive, Inc. (company) — Registrant
- Richard Schwartz (person) — Appointed Chief Executive Officer
- Matthew J. Friede (person) — Elected Director
- David M. Harris (person) — Elected Director
- Jeffrey S. R. Smith (person) — Elected Director
- dMY Technology Group, Inc. (company) — Former Company Name
FAQ
Who has been appointed as the new Chief Executive Officer of Rush Street Interactive?
Richard Schwartz has been appointed as the new Chief Executive Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 16, 2024.
What are the key items disclosed in this 8-K filing?
The filing discloses the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with Regulation FD disclosures and financial statements/exhibits.
Which new directors have been elected to the board of Rush Street Interactive?
Matthew J. Friede, David M. Harris, and Jeffrey S. R. Smith have been elected as new directors.
What was Rush Street Interactive's former company name?
Rush Street Interactive's former company name was dMY Technology Group, Inc.
Filing Stats: 1,219 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-12-19 16:38:27
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share RSI The New York Stock Exchan
Filing Documents
- rsi-20241216.htm (8-K) — 32KB
- rsi-8xkannouncementofnewdi.htm (EX-99.1) — 6KB
- 0001793659-24-000104.txt ( ) — 187KB
- rsi-20241216.xsd (EX-101.SCH) — 2KB
- rsi-20241216_def.xml (EX-101.DEF) — 4KB
- rsi-20241216_lab.xml (EX-101.LAB) — 25KB
- rsi-20241216_pre.xml (EX-101.PRE) — 16KB
- rsi-20241216_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On December 19, 2024, the Company issued a press release announcing the appointment of Mr. Winter to the Board. The press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. The information included in Item 7.01 of this Current Report and related Exhibit 99.1 hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated December 19 , 2024, announcing t he appointment of Thomas Winter as a director . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. RUSH STREET INTERACTIVE, INC. By: /s/ Kyle Sauers Name: Kyle Sauers Title: Chief Financial Officer Dated: December 19, 2024