Technology-based omnichannel platform in North America, RumbleOn (NASDAQ:RMBL) price slumps 6.7% on Thursday after market hours as the company filed Form-8K that says CEO and director Marshall Chesrown gave resignation on June 11, effective June 15.
The Board of Directors has formed an executive transition committee to identify interim and permanent CEO candidates.
Before his departure, the company was advised of certain allegations surrounding Mr. Chesrown’s use of company resources. The independent directors have hired independent counsel to assist in an investigation.
