Rush Street Interactive Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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Services-Misc. Amusement & Recreation
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 15, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Appointment of Certain Officers
Effective October 15, 2025 , the Board of Directors (the “Board”) of Rush Street Interactive, Inc. (the “Company”) promoted Kyle Sauers, 54, to President. He will continue serving as Chief Financial Officer, a position to which he was appointed in October 2020, and he will continue to report to Mr. Richard Schwartz, the Company’s Chief Executive Officer.
Prior to joining the Company, Mr. Sauers served as the Chief Financial Officer of Echo Global Logistics (“Echo”) from 2013 to 2020 and as Senior Vice President of Finance and Controller from 2011 to 2013. Echo is a leading Fortune 1000 provider of technology-enabled technology and supply chain services. Prior to Echo, Mr. Sauers was the General Manager of Varian Medical Systems’ Security & Inspection Products Division, a result of Varian’s acquisition of Bio-Imaging Research (“BIR”) where he had served on the board of directors and as Chief Financial Officer since 2005. BIR was a leading supplier of cargo screening systems and software. Prior to BIR, Mr. Sauers spent eight years at Sphere Communications, a leading VoIP software technology company, most recently as Chief Financial Officer. Before Sphere, Mr. Sauers served in various financial management positions at APAC Customer Services, a provider of outsourced customer care and acquisition services. Mr. Sauers began his career as part of the Audit and Business Advisory Practice at Arthur Andersen LLP. Mr. Sauers graduated from the University of Illinois with a Bachelor of Science degree in Accounting.
In connection with his promotion, Mr. Sauers’ annual base salary was increased to $650,000, effective as of October 15, 2025. He will continue to be eligible to participate in the Company’s long-term and short-term incentive compensation plans, with the amount of his annual long-term incentives increasing to be equal to at least six times his annualized base salary and his short-term incentive plan target remaining the same at 90% of his annualized base salary. Mr. Sauers also received a one-time grant of restricted stock units valued at $1,000,000, which will vest in equal installments over a four-year period subject to Mr. Sauers’s continued service through the applicable vesting dates. There are no arrangements or understandings between Mr. Sauers and any other person pursuant to which Mr. Sauers was appointed as President and Chief Financial Officer of the Company. Mr. Sauers does not have any family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company. There are no related person transactions or relationships between Mr. Sauers and the Company that are required to be reported under Item 404(a) of Regulation S-K in this Current Report on Form 8-K.
Item 7.01 Regulation FD Disclosure.
On October 15, 2025, the Company issued a press release announcing Mr. Sauers’ promotion to President and Chief Financial Officer of the Company. The press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
The information included in Item 7.01 of this Current Report on Form 8-K and related Exhibit 99.1 hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RUSH STREET INTERACTIVE, INC. | ||||||||
| By: | /s/ Richard Schwartz | |||||||
| Name: Richard Schwartz | ||||||||
| Title: Chief Executive Officer | ||||||||
Dated: | ||||||||