--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-198385" form_type: "8-K" ticker: null cik: "0001396033" company_name: "LL Flooring Holdings, Inc." filed_at: "2024-08-12T23:59:59+00:00" generated_at: "2026-05-31T09:59:29.582524+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # LL Flooring files Chapter 11, plans going-concern sale, closes 94 stores ## Summary - Filed Chapter 11 on Aug 11, 2024 in Delaware; pursuing going-concern sale of business. - Received commitment for up to $130M DIP financing from Bank of America-led group. - 94 stores to close; Hilco appointed for store-closing sales. - CFO Robert Madore resigned; Susan Bryan named interim CFO. - Nonbinding LOI for Sandston, VA distribution center sale for ~$100M. ## SEC filing metadata - accession: 0001193125-24-198385 - form_type: 8-K - cik: 0001396033 - company_name: LL Flooring Holdings, Inc. - filed_at: 2024-08-12T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.03, 2.04, 2.05, 5.02, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/d794510d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-198385 - JSON: https://secwatch.observer/filing/0001193125-24-198385.json - Plain text: https://secwatch.observer/filing/0001193125-24-198385.txt ## Key facts - Distress & Bankruptcy LL Flooring Holdings, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-08-11). - Proceeding: chapter 11 - Court: United States Bankruptcy Court for the District of Delaware - Petition: 2024-08-11 source text: On August 11, 2024, the Company, together with certain of its direct and indirect subsidiaries (the “ Debtors ”), filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Jill Witter resigned as Director at LL Flooring Holdings, Inc.. - Action: resigned - Role: Director source text: On August 8, 2024, each of Thomas Sullivan, Jason Delves and Jill Witter (collectively, the “ F9 Directors ”) delivered notice of their respective resignation as a member of the Board effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Jason Delves resigned as Director at LL Flooring Holdings, Inc.. - Action: resigned - Role: Director source text: On August 8, 2024, each of Thomas Sullivan, Jason Delves and Jill Witter (collectively, the “ F9 Directors ”) delivered notice of their respective resignation as a member of the Board effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Susan Bryan was appointed as Interim Chief Financial Officer at LL Flooring Holdings, Inc.. - Action: appointed - Role: Interim Chief Financial Officer source text: On August 9, 2024, the Board appointed Susan Bryan to serve as interim Chief Financial Officer of the Company, replacing Mr. Madore. evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Thomas Sullivan resigned as Director at LL Flooring Holdings, Inc.. - Action: resigned - Role: Director source text: On August 8, 2024, each of Thomas Sullivan, Jason Delves and Jill Witter (collectively, the “ F9 Directors ”) delivered notice of their respective resignation as a member of the Board effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Robert L. Madore Jr. resigned as Chief Financial Officer and Executive Vice President of Finance at LL Flooring Holdings, Inc.. - Action: resigned - Role: Chief Financial Officer and Executive Vice President of Finance source text: On August 9, 2024, Robert L. Madore Jr., gave notice to the Board that he was resigning for Good Reason (as defined in Mr. Madore’s severance agreement) as the Company’s Chief Financial Officer and Executive Vice President of Finance at LL Flooring, Inc., effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Holly Etlin was appointed as Chief Restructuring Officer at LL Flooring Holdings, Inc.. - Action: appointed - Role: Chief Restructuring Officer source text: On August 7, 2024, the Board appointed Ms. Holly Etlin, Partner and Managing Director of AlixPartners, LLP (“ AlixPartners ”), as Chief Restructuring Officer of the Company (the “ CRO ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Executive change Deb Rieger-Paganis was appointed as Deputy Chief Restructuring Officer at LL Flooring Holdings, Inc.. - Action: appointed - Role: Deputy Chief Restructuring Officer source text: On August 7, 2024, the Board appointed Ms. Deb Rieger-Paganis, Partner and Managing Director of AlixPartners, as Deputy Chief Restructuring Officer of the Company (the “ Deputy CRO ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm - Restructurings & Charges LL Flooring Holdings, Inc. announced a restructuring affecting 94 stores located throughout the United States. - Type: restructuring - Affected area: 94 stores located throughout the United States source text: On August 7, 2024, the Board of Directors (the “ Board ”) of the Company determined, after considering all reasonably available options and a thorough and exhaustive review process, that it is in the best interests of its stakeholders to discontinue further financial and operational support for certain of its stores located throughout the United States. The Company has committed to a plan to conduct going-out-of-business sales at and close 94 stores. evidence_url: https://www.sec.gov/Archives/edgar/data/1396033/000119312524198385/0001193125-24-198385-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.