{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-013763","form_type":"8-K","ticker":"HLLY","cik":"0001822928","company_name":"Holley Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.885908+00:00","generated_at":"2026-06-15T04:40:04.234126+00:00","sec_items":["2.02","5.07","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Holley Q1 net sales down 13.9% to $172.2M; net income falls to $4.3M from $16.9M","bullets":["Net sales $172.2M, down 13.9% YoY from $200.1M.","Net income $4.3M ($0.04 diluted EPS) vs $16.9M ($0.15) in prior year.","Adjusted EBITDA $33.9M, down from $46.0M in Q1 2022.","Gross profit $67.7M, down 18.1% YoY.","Company reaffirms full year 2023 outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-013763","json":"https://secwatch.observer/filing/0001437749-23-013763.json","markdown":"https://secwatch.observer/filing/0001437749-23-013763.md","text":"https://secwatch.observer/filing/0001437749-23-013763.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/0001437749-23-013763-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/hlly20230406_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T04:40:04.234126+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bdc8cee855b302a064b9ea3226536231e7ad958b","claim":"Holley Inc. reported first quarter ended April 2, 2023 results: revenue $172.2 million, net income $4.3 million, EPS $0.04 per diluted share. Guidance reaffirmed.","evidence_excerpt":"HOLLEY REPORTS FIRST QUARTER 2023 RESULTS Company reaffirms full year 2023 outlook Sales leverage, operational improvements and cost initiatives drive significant sequential profitability increase BOWLING GREEN, KY – May 11, 2023 – Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced financial results for its first quarter ended April 2, 2023. First Quarter Highlights vs. Prior Year Period ● Net Sales decreased 13.9% to $172.2 million compared to $200.1 million in the prior year's first quarter ● Gross Profit decreased 18.1% to $67.7 million compared to $82.7 million in the prior year's first quarter ● Net Income of $4.3 million , or $0.04 per diluted share, compared to Net Income of $16.9 million , or $0.15 per diluted share, in the prior year's first quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/0001437749-23-013763-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 2, 2023"},{"label":"Revenue","value":"$172.2 million"},{"label":"Net income","value":"$4.3 million"},{"label":"EPS","value":"$0.04 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9c130d749616e35231ff3e87c1dbe2d3beb6b5d1","claim":"Holley Inc. shareholders approved Election of Class II Directors for three-year terms at the 2023-05-09 meeting.","evidence_excerpt":"On May 9, 2023, the Company held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders of the Company: (1) elected two Class II directors for three-year terms; and (2) ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/0001437749-23-013763-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-09"}],"fact_type":"shareholder_vote"},{"claim_id":"b152e1e10ff7b90b9af9a9a75fd58b2f61f8ed94","claim":"Holley Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-05-09 meeting.","evidence_excerpt":"Votes For Votes Against Abstentions Broker Non-Votes 101,908,523 25,958 1,011 --","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/0001437749-23-013763-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-09"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}