11/18/2024 | Press release | Distributed by Public on 11/18/2024 15:11
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 15, 2024, the Board of Directors (the "Board") of Rumble Inc. (the "Company") appointed Jerry Naumoff to serve as a director on the Board, effective immediately. The Board has determined that Mr. Naumoff is "independent" under the rules of The Nasdaq Stock Market and the rules and regulations under the U.S. Securities Exchange Act of 1934, as amended.
There is no arrangement or understanding between Mr. Naumoff and any other person pursuant to which he was selected as a director, nor are there any transactions between the Company and Mr. Naumoff or any of his immediate family members (within the meaning of Item 404 of Regulation S-K) that require disclosure pursuant to Item 404(a) of Regulation S-K. Mr. Naumoff's son is a non-executive, salaried employee of the Company.
The Board has appointed Mr. Naumoff to serve on the Board's Audit Committee. Mr. Naumoff will participate in the Company's standard non-employee director compensation program, as described in the Company's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2024.