<SEC-DOCUMENT>0001104659-23-032773.txt : 20230315
<SEC-HEADER>0001104659-23-032773.hdr.sgml : 20230315
<ACCEPTANCE-DATETIME>20230315161118
ACCESSION NUMBER:		0001104659-23-032773
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230315
DATE AS OF CHANGE:		20230315
EFFECTIVENESS DATE:		20230315

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RITCHIE BROS AUCTIONEERS INC
		CENTRAL INDEX KEY:			0001046102
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13425
		FILM NUMBER:		23735271

	BUSINESS ADDRESS:	
		STREET 1:		9500 GLENLYON PARKWAY
		CITY:			BURNABY
		STATE:			A1
		ZIP:			V5J 0C6
		BUSINESS PHONE:		7783315500

	MAIL ADDRESS:	
		STREET 1:		9500 GLENLYON PARKWAY
		CITY:			BURNABY
		STATE:			A1
		ZIP:			V5J 0C6

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CMOLIK C RUSSELL
		CENTRAL INDEX KEY:			0001134929

	FILING VALUES:
		FORM TYPE:		PX14A6G

	MAIL ADDRESS:	
		STREET 1:		9500 GLENLYON PARKWAY
		CITY:			BURNABY
		STATE:			A1
		ZIP:			V5J 0C6
</SEC-HEADER>
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<TYPE>PX14A6G
<SEQUENCE>1
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<DESCRIPTION>PX14A6G
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF EXEMPT SOLICITATION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Submitted Pursuant to Rule 14a-6(g)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: justify"><B>Name of the Registrant:</B> Ritchie Bros. Auctioneers Incorporated</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">2.</TD><TD STYLE="text-align: justify"><B>Name of Person Relying on Exemption:</B> David E. Ritchie
and C. Russell Cmolik</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>3.</B></TD><TD STYLE="text-align: justify"><B>Address of Person Relying on the Exemption:</B></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">c/o Cmolik Foundation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">210-2121 152nd Street</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">Surrey, BC, Canada</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">V4A 4P1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">4.</TD><TD STYLE="text-align: left"><B>Written Material:</B> Attached hereto as an exhibit is a
press release and letter to the shareholders of Ritchie Bros. Auctioneers Incorporated by David E. Ritchie and C. Russell Cmolik dated
March 13, 2023. This material is being submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934,
as amended.</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PLEASE NOTE: Messrs. Ritchie and Cmolik are not asking for your
proxy card and cannot accept your proxy card. Please DO NOT send your proxy card.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RITCHIE BROS. CO-FOUNDER AND FORMER PRESIDENT
 &amp; COO SPEAK OUT AGAINST MERGER WITH IAA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Express strong belief that Merger with IAA threatens customer focus and corporate culture</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Shareholders should call brokers to revoke votes cast in favour of the deal</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Vancouver, BC, March 13, 2023</B> &ndash; David E Ritchie, Co-Founder,
Former Chairman and Director; and C <FONT STYLE="background-color: white">Russell Cmolik, Former President and Director of </FONT>Ritchie
Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (&ldquo;Ritchie Bros.&rdquo; or the &ldquo;Company&rdquo;), <FONT STYLE="background-color: white">released
a letter to shareholders of Ritchie Bros., in connection with</FONT> the proposed merger with IAA, Inc. (NYSE: IAA):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Ritchie Bros. Shareholders,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As fellow shareholders of Ritchie Bros. we write to you with deep concern
for the great Company we began building over 60 years ago.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have reviewed closely Luxor&rsquo;s analysis opposing the IAA transaction
and believe that it is bang on, and that the impending merger with IAA risks negatively impacting the culture of the Company and with
it, its proud legacy. Ritchie Bros. is a great business with tremendous customer support, and we believe there is no need to dilute its
business in this manner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We care passionately about the Company and its ability to continue
to flourish, and to be successful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ritchie Bros. has always been exceptionally employee and customer-focused.
Indeed, it has been the very culture of the Company to take the very best care of our employees and customers, first and foremost. We
know customers are concerned and uneasy about this proposed merger, and what the ramifications may be to them<I>. </I>What a shame it
would be to see this proud legacy wither to the detriment of the many valued hard-working and dedicated employees, and other stakeholders;
and ultimately the value to the shareholders (many of whom are the very same employees and customers we spoke of above).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order to not interfere with the ongoing operations of the Company,
we have purposely not discussed these issues with the employees of Ritchie Bros., nor relied on them for these conversations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Just a few days ago Ritchie Bros. celebrated its 25<SUP>th</SUP> anniversary
as a public company, and should be celebrating future milestones as it continues to develop and grow its traditional core business. We
believe that this is where the Company&rsquo;s focus should remain, not integrating a completely different business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You may ask, after all this time, why have we decided to speak up now?
Frankly, after seeing several shareholders announce their opposition to the merger with IAA, and the incredible momentum provided by the
recommendations of the important proxy advisors ISS and Glass Lewis to vote against the deal, we believed either the board of directors
of Ritchie Bros. would seek to terminate the transaction, or shareholders would simply vote down the deal. Instead, we were alarmed to
read in the press on March 10<SUP>th</SUP> that the merger with IAA may be approved by a <U>small</U> margin of shareholders. The negative
reaction of the stock price to that news, consistent with the market reaction to the deal announcement on November 7, 2022 and various
pronouncements since then, tells us many shareholders share our concerns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As discussed in much of the public analysis from Luxor challenging
this deal, we believe the proposed merger with IAA will require an immense amount of management&rsquo;s time to turnaround IAA&rsquo;s
declining business at a time when Ritchie Bros. should be re-doubling its efforts to serve its customers, employees and other key stakeholders
 &ndash; and grow its incredible core business. We are concerned that losing the trust and confidence of our customers, both large and
small, will be detrimental to our business. We are also concerned about what the long-term prospects of the auto salvage business may
be in this rapidly changing world.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>There is still time left to do something.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Please read carefully the thorough analysis that is available publicly
opposing the deal. We understand that despite the voting deadline having passed, although shareholders may not be able to change their
vote from &lsquo;for&rsquo; to &lsquo;against&rsquo;, you can still <I>revoke</I> votes that you have cast in favour of the merger with
IAA. We urge those shareholders to contact their banks and brokers and instruct them to revoke your vote for the merger with IAA. Time
is of the essence, and we ask that you revoke your &lsquo;for&rsquo; votes today, and in any case, before the shareholder meeting on March
14, 2023. If you have already voted against the merger with IAA, we thank you, and no further action on your part is needed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Respectfully,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">David E Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">C Russell Cmolik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Disclaimer:</B> We are not soliciting proxies relating to the RBA
shareholder meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOURCE David E Ritchie and C Russell Cmolik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For further information: John Vincic, Oakstrom Advisors, 647-402-6375,
john@oakstrom.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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