secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K/A
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001437749-23-015010
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774923015010/0001437749-23-015010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774923015010/hlly20230517_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-015010

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