---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-004167"
form_type: "8-K"
ticker: "LBRA"
cik: "0001599407"
company_name: "1847 Holdings LLC"
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:19:48.140434+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 1847 Holdings acquisition of Master Cutlery terminated after closing deadline missed

## Summary
- Sellers terminated the Master Cutlery purchase agreement on Oct 10, 2023, because closing did not occur by Oct 6.
- Operating Agreement amended to reduce shareholder meeting quorum from majority to one-third of shares outstanding.
- Special shareholder meeting on Oct 10 lacked quorum; adjourned to Nov 9, 2023, to reconvene virtually.

## SEC filing metadata
- accession: 0001013762-23-004167
- form_type: 8-K
- ticker: LBRA
- cik: 0001599407
- company_name: 1847 Holdings LLC
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 3.03, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599407/000101376223004167/0001013762-23-004167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599407/000101376223004167/ea186833-8k_1847hold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-004167
- JSON: https://secwatch.observer/filing/0001013762-23-004167.json
- Plain text: https://secwatch.observer/filing/0001013762-23-004167.txt

## Key facts
- Governance Changes
  1847 Holdings LLC: Amended Section 9.6(a) of the Operating Agreement to reduce the quorum required for a meeting of shareholders from a majority of shares outstanding to one-third of shares outstanding (effective 2023-10-16).
  - Change: bylaw amendment
  - Effective: 2023-10-16
  source text: Section 9.6(a) of the Operating Agreement was amended to reduce the quorum required for a meeting of shareholders from a majority of the shares outstanding to one-third of the shares outstanding.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599407/000101376223004167/0001013762-23-004167-index.htm
- Material Agreements
  1847 Holdings LLC terminated Securities Purchase Agreement with MC Parent, LLC and other Sellers valued at Terminated Purchase Agreement for membership interests of Master Cutlery (effective 2023-10-10).
  - Action: termination
  - Agreement: merger
  - Counterparty: MC Parent, LLC and other Sellers
  - Value: Terminated Purchase Agreement for membership interests of Master Cutlery
  - Effective: 2023-10-10
  source text: Item 1.02 Termination of a Material Definitive Agreement. As previously disclosed, on August 28, 2023, 1847 Holdings LLC (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with MC Parent, LLC (“Master Cutlery”) and certain other parties set forth in the Agreement (each a “Seller”). Pursuant to the Purchase Agreement, each Seller agreed to sell its membership interests or other equity securities of Master Cutlery to the Company. On October 10, 2023, the Sellers terminated the Purchase Agreement pursuant to Section 8.1(c) thereof, which provided that either the Company or the Sellers could terminate the Purchase Agreement if the closing did not occur on or before October 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599407/000101376223004167/0001013762-23-004167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.