Holley appoints Matthew Stevenson as President and CEO; amends PSU vesting terms

Holley Inc.

Matthew Stevenson appointed President and CEO, effective June 6, 2023, replacing interim CEO Michelle Gloeckler who remains on board.
Compensation includes $700k base salary, $700k signing bonus, 1M RSUs, and 1.52M PSUs with stock price thresholds from $5 to $15.
Amendment corrects original 8-K by adding a tranche of 300k PSUs vesting at $12.50 stock price.
Stevenson previously served as President and CEO of Blue Bird Corporation (BLBD).
He will also join the Board as a Class I director with term expiring in 2025.

item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

Matthew Stevenson

President and Chief Executive Officer

HLLY · Holley Inc.

Effective: 2023-06-06
Filed: May 18, 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.

Appointed

Matthew Stevenson

Class I Director

HLLY · Holley Inc.

Effective: 2023-06-06
Filed: May 18, 2023, 7:59 PM ET

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 18, 2023, 7:59 PM ET

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

Matthew Stevenson was appointed as Class I Director at Holley Inc..

Action: appointed
Role: Class I Director

Exact text from the filing

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

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 0001437749-23-015010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.