RumbleON Resolves Proxy Contest With Coulter-Tkach; Appoints Mark Tkach As Interim CEO
Portfolio Pulse from Shivani Kumaresan
RumbleON Inc (NASDAQ:RMBL) has appointed Mark Tkach as Interim CEO following the resignation of Marshall Chesrown. The company is investigating allegations surrounding Chesrown's use of company resources. RMBL has resolved outstanding proxy matters with the Coulter-Tkach Group, and its shares are trading higher by 1.31% at $10.02.
June 16, 2023 | 2:17 pm
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POSITIVE IMPACT
RumbleON appoints Mark Tkach as Interim CEO and resolves proxy matters with Coulter-Tkach Group. Shares are trading higher by 1.31% at $10.02.
The appointment of Mark Tkach as Interim CEO and the resolution of proxy matters with the Coulter-Tkach Group are positive developments for RumbleON. The ongoing investigation into allegations against former CEO Marshall Chesrown may create uncertainty, but the overall impact on RMBL's stock price is positive in the short term, as evidenced by the 1.31% increase in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100