RumbleON Inc.
04/19/2024 | Press release | Distributed by Public on 04/19/2024 11:49
Management Change/Compensation - Form 8-K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 16, 2024, the Board of Directors (the "Board") of RumbleOn, Inc. (the "Company") appointed Michael Quartieri as a director of the Company to fill the vacant seat created by Melvin Flanigan's resignation on April 8, 2024. The Board designated Mr. Quartieri as a director to stand for re-election at the Company's 2024 annual meeting of shareholders. The Board determined that Mr. Quartieri is an independent director for purposes of the Nasdaq listing requirements and Mr. Quartieri is also expected to be appointed to serve as a member of the Audit Committee of the Board.
Mr. Quartieri has been the Senior Vice President and Chief Financial Officer of Dave & Buster's Entertainment, Inc. since January 2022 and will retire from such positions effective as of April 30, 2024. He holds a B.S. Accounting and a M. Acc. from the University of Southern California and maintains a CPA certificate from the State of California.
Mr. Quartieri will participate in the Company's non-employee director compensation program, which is described under the section titled "Director Compensation" in the Company's proxy statement for its 2023 annual meeting of shareholders, which was filed with the Securities and Exchange Commission on June 23, 2023.
There are no family relationships between Mr. Quartieri and any Company director or executive officer, and no arrangements or understandings between Mr. Quartieri and another person pursuant to which he was selected as a director. There are no related party transactions between the Company and Mr. Quartieri which would require disclosure under Item 404 of Regulation S-K.