In a recent move by RumbleOn Inc. (NASDAQ: RMBL), Michael Quartieri has been appointed to the company's Board of Directors. This decision, announced on Monday, fills the vacancy left by Melvin Flanigan's resignation on April 8, 2024.
Mr. Quartieri's appointment is part of a strategic step for RumbleOn as he is slated to stand for re-election at the 2024 annual meeting of shareholders. The Board has confirmed that Quartieri meets the independence criteria set by the Nasdaq listing requirements, which is a crucial factor for maintaining the integrity and balanced judgment needed for the role.
In addition to his role as a director, Quartieri is expected to contribute to the company's financial oversight by joining the Audit Committee of the Board. This committee is essential for ensuring the accuracy and transparency of RumbleOn's financial reporting and compliance with legal and regulatory requirements.
The Board's decision to appoint Quartieri aims to leverage his experience and insights, which are anticipated to be valuable assets to RumbleOn's governance and strategic planning. This appointment reflects the company's commitment to strong corporate governance practices and its ongoing efforts to align with industry standards and shareholder expectations.
The information regarding Michael Quartieri's appointment is based on a press release statement from RumbleOn Inc. and is intended to provide shareholders and the public with the latest developments in the company's leadership structure.
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