Live Ventures sub Marquis enters amended employment pacts for two Co-CEOs

LIVE VENTURES Inc

Weston Godfrey and Gary Graham named Co-CEOs of Marquis, effective June 1, 2023, through May 31, 2028.
Each receives $425,000 annual base salary, plus quarterly bonus based on Pre-Tax Income growth.
One-time $75,000 bonus each; change-of-control bonus of 2x base salary if terminated within 12 months.
Transaction bonus of base salary if Marquis sold for ≥$100 million.
Non-compete covenant for 2 years post-termination within 500-mile radius.

item 5.02 item 9.01

Executive movements

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Role change

Gary C. Graham, Jr.

Co-Chief Executive Officer

LIVE · LIVE VENTURES Inc

Effective: 2023-06-01
Filed: June 16, 2023, 7:59 PM ET

each Executive Officer will serve as a Co-Chief Executive Officer, with Mr. Godfrey primarily responsible for manufacturing operations and administrative functions and Mr. Graham primarily responsible for sales, marketing, growth initiatives, product offering and mix.

Role change

Weston A. Godfrey, Jr.

Co-Chief Executive Officer

LIVE · LIVE VENTURES Inc

Effective: 2023-06-01
Filed: June 16, 2023, 7:59 PM ET

each Executive Officer will serve as a Co-Chief Executive Officer, with Mr. Godfrey primarily responsible for manufacturing operations and administrative functions and Mr. Graham primarily responsible for sales, marketing, growth initiatives, product offering and mix.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary C. Graham, Jr. was appointed as Co-Chief Executive Officer at LIVE VENTURES Inc.

Action: appointed
Role: Co-Chief Executive Officer

Exact text from the filing

each Executive Officer will serve as a Co-Chief Executive Officer, with Mr. Godfrey primarily responsible for manufacturing operations and administrative functions and Mr. Graham primarily responsible for sales, marketing, growth initiatives, product offering and mix.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Weston A. Godfrey, Jr. was appointed as Co-Chief Executive Officer at LIVE VENTURES Inc.

Action: appointed
Role: Co-Chief Executive Officer

Exact text from the filing

each Executive Officer will serve as a Co-Chief Executive Officer, with Mr. Godfrey primarily responsible for manufacturing operations and administrative functions and Mr. Graham primarily responsible for sales, marketing, growth initiatives, product offering and mix.

View on SEC.gov

LIVE VENTURES Inc filing history →

Source: SEC EDGAR

accession 0001104659-23-072208

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