---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-009472"
form_type: "8-K"
ticker: "LIVE"
cik: "0001045742"
company_name: "LIVE VENTURES Inc"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T16:44:23.442283+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Live Ventures cuts acquisition note to $15M from $34M; Kellogg goes part-time

## Summary
- Aggregate principal of the Note reduced by $19M to $15M, treated as purchase price adjustment.
- If Event of Default occurs, SJK Trust can revoke reduction, adding $19M back with interest from Jan 1, 2025.
- Stephen Kellogg's title changed to Founder/VP; employment part-time at $300k/year; resigned from other offices.
- Kellogg may earn $5M performance bonus if Buyer achieves ≥$10M adjusted EBITDA in any 3 fiscal years from FY2025-2030.
- Employment agreement term ends Feb 25, 2028, extendable by Kellogg up to 2 yrs if Note not paid in full.

## SEC filing metadata
- accession: 0001628280-25-009472
- form_type: 8-K
- ticker: LIVE
- cik: 0001045742
- company_name: LIVE VENTURES Inc
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045742/000162828025009472/0001628280-25-009472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045742/000162828025009472/live-20250225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-009472
- JSON: https://secwatch.observer/filing/0001628280-25-009472.json
- Plain text: https://secwatch.observer/filing/0001628280-25-009472.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.