secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001437749-23-002591
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley CEO Tomlinson retires; Gloeckler interim CEO; prelim Q4 sales $153-155M, down 15% YoY
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- CEO Tom Tomlinson retires effective Feb 6, 2023; Director Michelle Gloeckler named Interim President and CEO.
- Matthew Rubel appointed Executive Chairman; Graham Clempson added to Board.
- Preliminary Q4 net sales $153-155M, gross profit $46-48M, net loss $17-19M, Adj. EBITDA $13-15M.
- Full year 2022 net sales $687-689M (flat YoY); Adj. EBITDA $113-115M vs $169M in 2021.
- Gloeckler compensation: $530k base salary, 100k RSUs, target bonus 100% of base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774923002591/0001437749-23-002591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774923002591/hlly20230206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002591

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer