Current Report Filing (8-k)
April 07 2020 - 4:05PM
Edgar (US Regulatory)
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):
|
April
6, 2020
|
LAZYDAYS
HOLDINGS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
|
|
001-38424
|
|
82-4183498
|
(State
or Other Jurisdiction
of
Incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
6130
Lazy Days Blvd., Seffner, Florida
|
|
33584
|
(Address
of Principal Executive Offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(813)
246-4999
|
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instructions A.2. below):
|
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities
registered pursuant to 12(b) of the Act:
Title
of each class
|
|
Trading
Symbol(s)
|
|
Name
of each exchange on which registered
|
Common
stock
|
|
LAZY
|
|
NASDAQ
Capital Market
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Section
5
|
Corporate
Governance and Management
|
Item
5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
|
As
part of a series of actions Lazydays Holdings, Inc. (“Lazydays” or the “Company”) is taking to adjust
resources and costs to be in line with reduced demand caused by the coronavirus or COVID-19 pandemic, members of the Company’s
senior management team, including our named executive officers, Mr. William Murnane, our Chairman and Chief Executive Officer,
Mr. Nicholas Tomashot, our Chief Financial Officer, and Mr. Ron Fleming, our Vice President and National General Manager, have
agreed to forgo 25% of their base salary and any applicable 2020 annual pay increases that would otherwise be payable to them
under their applicable employment arrangements.
Item
7.01
|
Regulation
FD Disclosure.
|
Lazydays
issued a press release on April 6, 2020, providing a business update in response to the COVID-19 pandemic. Lazydays announced
a number of immediate actions it is taking to adjust resources and costs to be in line with reduced demand caused by the COVID-19
pandemic. These actions include the following:
|
●
|
Reduce
its workforce by approximately 25%;
|
|
|
|
|
●
|
Senior
management will forgo 25% of their salary;
|
|
|
|
|
●
|
Suspend
2020 annual pay increases;
|
|
|
|
|
●
|
Suspend
401k match;
|
|
|
|
|
●
|
Delay
non-critical capital projects; and
|
|
|
|
|
●
|
Focus
resources on core sales and service operations.
|
A
copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the
liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the
Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such
filing.
Section
9
|
Financial
Statements and Exhibits
|
Item
9.01
|
Financial
Statements and Exhibits.
|
SIGNATURES
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.
|
LAZYDAYS
HOLDINGS, INC.
|
|
|
|
April
7, 2020
|
By:
|
/s/
WILLIAM P. MURNANE
|
Date
|
|
William
P. Murnane
|
|
|
Chief
Executive Officer
|
Lazydays (PK) (USOTC:LAZYW)
Historical Stock Chart
From May 2024 to May 2024
Lazydays (PK) (USOTC:LAZYW)
Historical Stock Chart
From May 2023 to May 2024