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AI brief of an SEC Form 8-K · RB Global (RBA)

RB Global names Steve Lewis Chief Operations Officer, effective September 3, 2024

Neutral Impact 3 of 5 leadership Written later

RB Global appointed M. Steve Lewis, 49, as Chief Operations Officer effective September 3, 2024, after a former GXO Logistics division president role. The filing sets his pay package, including a $650,000 base salary, a target bonus equal to 100% of salary, and a 2024 long-term incentive grant with an economic value of $1,625,000.

Key points

  • Lewis, 49, was Division President at GXO Logistics from 2023 to 2024 and previously held roles at XPO Logistics and Penn Power Group.
  • Employment agreement dated July 19, 2024 sets a $650,000 base salary and an STI bonus target of 100% of base salary, capped at 200% of salary.
  • Sign-on grant has an economic value of $1,000,000, split between restricted stock units and performance stock units vesting in March 2027.
  • If terminated without cause or for good reason, Lewis is entitled to 18 months of base salary and target bonus; a change-of-control double trigger pays 1.5 times salary and bonus.

The filing

CompanyRB Global (RBA)
Form8-K, current report
Filed with the SECAug 28, 2024, 8:52 AM ET
Accession number0001104659-24-093774

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.