8-K filed August 8, 2022, 7:59 PM ET ticker LBRA CIK 0001599407

other material confidence high sentiment neutral materiality 0.75

1847 Holdings raises $5.2M net in public offering, converts $5.4M debt/liabilities to equity, expands board to 7

1847 Holdings LLC

Public offering of 1,428,572 shares at $4.20/share; gross proceeds $6M, net ~$5.2M; reps' warrants for 71,430 shares at $5.25.
Converted $3.36M of subordinated notes held by Parkey and Garcia-Rendon into 800,000 common shares.
Converted $797,221 promissory note from Mallatt into 189,815 shares; $1.197M accounts payable from Bevilacqua PLLC into 285,067 shares.
Board expanded from 3 to 7; appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn, and Lawrence X. Taylor as independent directors.
Each new director receives $35k annual fee plus $35k equity grant; indemnification agreements executed.

item 1.01 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Tracy S. Harris

Director

LBRA · 1847 Holdings LLC

Effective: 2022-08-02
Filed: August 8, 2022, 7:59 PM ET

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

Appointed

Glyn C. Milburn

Director

LBRA · 1847 Holdings LLC

Effective: 2022-08-02
Filed: August 8, 2022, 7:59 PM ET

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

Appointed

Lawrence X. Taylor

Director

LBRA · 1847 Holdings LLC

Effective: 2022-08-02
Filed: August 8, 2022, 7:59 PM ET

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

Appointed

Clark R. Crosnoe

Director

LBRA · 1847 Holdings LLC

Effective: 2022-08-02
Filed: August 8, 2022, 7:59 PM ET

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tracy S. Harris was appointed as Director at 1847 Holdings LLC.

Action: appointed
Role: Director

Exact text from the filing

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Glyn C. Milburn was appointed as Director at 1847 Holdings LLC.

Action: appointed
Role: Director

Exact text from the filing

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lawrence X. Taylor was appointed as Director at 1847 Holdings LLC.

Action: appointed
Role: Director

Exact text from the filing

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Clark R. Crosnoe was appointed as Director at 1847 Holdings LLC.

Action: appointed
Role: Director

Exact text from the filing

Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.

View on SEC.gov

1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-22-045455

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