Holley appoints Matthew Stevenson as President and CEO, effective June 6, 2023

Holley Inc.

Matthew Stevenson appointed President and CEO, effective June 6, 2023; replaces interim CEO Michelle Gloeckler.
Previously President and CEO of Blue Bird Corporation (NASDAQ: BLBD), led operational turnaround.
Compensation: $700k base salary, $700k signing bonus, 1M RSUs + 1.52M PSUs with stock price milestones ($5-$15).
Matthew Rubel continues as Executive Chairman for orderly transition.
Stevenson brings 25 years experience from Daimler, Bridgestone, and Terminix.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Matthew Stevenson

President and Chief Executive Officer

HLLY · Holley Inc.

Effective: 2023-06-06
Filed: May 17, 2023, 7:59 PM ET

On May 17, 2023, Holley Inc. (the “Company”) announced the appointment of Matthew Stevenson as President and Chief Executive Officer of the Company, as well as a Class I director of the Company with a term expiring at the 2025 annual meeting of the Company.

Departed (interim)

Michelle Gloeckler

Interim President and Chief Executive Officer

HLLY · Holley Inc.

Effective: 2023-06-06
Successor: Matthew Stevenson
Filed: May 17, 2023, 7:59 PM ET

In connection with the appointment of Mr. Stevenson as President and Chief Executive Officer of the Company effective as of the Start Date, Michelle Gloeckler, who has served as the Interim President and CEO since February 6, 2023, will no longer serve in such position effective as of the Start Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Stevenson was appointed as President and Chief Executive Officer at Holley Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On May 17, 2023, Holley Inc. (the “Company”) announced the appointment of Matthew Stevenson as President and Chief Executive Officer of the Company, as well as a Class I director of the Company with a term expiring at the 2025 annual meeting of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Gloeckler departed as Interim President and Chief Executive Officer at Holley Inc..

Action: will no longer serve
Role: Interim President and Chief Executive Officer

Exact text from the filing

In connection with the appointment of Mr. Stevenson as President and Chief Executive Officer of the Company effective as of the Start Date, Michelle Gloeckler, who has served as the Interim President and CEO since February 6, 2023, will no longer serve in such position effective as of the Start Date.

View on SEC.gov

Holley Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-014875

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