8-K: RumbleOn Announces Departure of CFO and Chief Legal Counsel
8-K Filing
RumbleOn, Inc. reports the termination of its Chief Financial Officer, Tiffany Kice, and Chief Legal Counsel, Brandy Treadway, both effective April 2, 2025.
Summary
- RumbleOn, Inc. announced the termination of Tiffany Kice, Chief Financial Officer, effective April 2, 2025.
- Michael Quartieri, Chairman and CEO, will serve as Interim CFO until a replacement is found.
- Brandy Treadway, Chief Legal Counsel, was also terminated, effective April 2, 2025.
- The company expects to enter into separation agreements with both Ms. Kice and Ms. Treadway.
- An amendment to the current report on Form 8-K will be filed once the separation agreements are executed.
Sentiment
Score: 4
Explanation: The departure of key executives is generally viewed negatively, but the appointment of an interim CFO provides some stability. The sentiment is therefore moderately negative.
Negatives
- The departure of both the CFO and Chief Legal Counsel could create uncertainty for investors.
Risks
- The transition period while searching for a new CFO could pose operational challenges.
- The absence of a permanent Chief Legal Counsel could increase legal and compliance risks.
Future Outlook
The company will file an amendment to the Current Report on Form 8-K once the separation agreements with Ms. Kice and Ms. Treadway are executed.
Management Comments
- Michael Quartieri, Chairman and CEO, will serve as the Interim Chief Financial Officer until a replacement has been identified and appointed.
Industry Context
Executive departures are common in the corporate world, but simultaneous exits of key personnel like the CFO and Chief Legal Counsel can raise concerns about a company's stability and strategic direction.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer | Tiffany Kice | Michael Quartieri (Interim) | April 2, 2025 | Termination |
| Chief Legal Counsel | Brandy Treadway | TBD | April 2, 2025 | Termination |
Stakeholder Impact
- Shareholders may react negatively to the news of key executive departures.
- Employees may experience uncertainty due to the management changes.
Next Steps
- The company needs to identify and appoint a permanent Chief Financial Officer.
- The company needs to execute separation agreements with Ms. Kice and Ms. Treadway.
- The company will file an amendment to this Current Report on Form 8-K once the separation agreements are executed.
Key Dates
| Date | Description |
|---|---|
| February 12, 2024 | Effective date of employment agreement between Brandy Treadway and the Company |
| June 24, 2024 | Effective date of employment agreement between Tiffany Kice and the Company |
| March 31, 2025 | Date of notice of termination to Tiffany Kice and Brandy Treadway |
| April 2, 2025 | Effective date of termination for Tiffany Kice and Brandy Treadway |
Keywords
RumbleOn, CFO, Chief Financial Officer, Chief Legal Counsel, termination, Michael Quartieri, Brandy Treadway, Tiffany Kice, separation agreement, management change
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