8-K filed March 21, 2024, 7:59 PM ET CIK 0001409175

other material confidence high sentiment positive materiality 0.65

Motos America expands dealership network with 5 management deals, buys New Start Financial

Motos America, Inc.

Entered management agreements for 5 dealerships: Marin Speed Shop, Scuderia West, Rockridge Two Wheels, Triumph of Seattle, Triumph Brooklyn; asset purchase agreements for future acquisition.
Completed purchase of 100% membership interests in New Start Financial LLC to offer in-house motorcycle financing.
Board expanded from 4 to 7 directors; new directors: David Ibarra, Brent Sloan, K.O. Murdock; existing directors re-elected.
Press release dated March 23, 2024 highlights expansion into five key U.S. markets with premium motorcycle brands.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Brent Sloan

Director

Motos America, Inc.

Effective: 2023-11-03
Filed: March 21, 2024, 7:59 PM ET

The following individuals were elected as directors: David Ibarra Brent Sloan K. O. Murdock

Appointed

K. O. Murdock

Director

Motos America, Inc.

Effective: 2023-11-03
Filed: March 21, 2024, 7:59 PM ET

The following individuals were elected as directors: David Ibarra Brent Sloan K. O. Murdock

Appointed

David Ibarra

Director

Motos America, Inc.

Effective: 2023-11-03
Filed: March 21, 2024, 7:59 PM ET

The following individuals were elected as directors: David Ibarra Brent Sloan K. O. Murdock

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Sloan was elected as Director at Motos America, Inc..

Action: elected
Role: Director

Exact text from the filing

The following individuals were elected as directors: David Ibarra Brent Sloan K. O. Murdock

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Executive change SEC 8-K Item 5.02 confidence 0.95

K. O. Murdock was elected as Director at Motos America, Inc..

Action: elected
Role: Director

Exact text from the filing

The following individuals were elected as directors: David Ibarra Brent Sloan K. O. Murdock

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Ibarra was elected as Director at Motos America, Inc..

Action: elected
Role: Director

Exact text from the filing

The following individuals were elected as directors: David Ibarra Brent Sloan K. O. Murdock

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Motos America, Inc. entered into Membership Interest Purchase Agreement with New Start Financial, LLC (effective 2024-01-01).

Action: entry
Counterparty: New Start Financial, LLC
Effective: 2024-01-01

Exact text from the filing

on January 1, 2024, the Company completed a Membership Interest Purchase Agreement to purchase 100% of the membership interests in a Utah limited liability company, New Start Financial, LLC (“New Start”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Motos America, Inc. entered into Management Agreement with Hattar Motorcycles Inc., a California Corporation, dba Marin Speed Shop; NGCW Inc., a California Corporation, dba Scuderia West; Rockridge East Bay, LLC, a California Limited Liability Company, dba Rockridge Two Wheels; Cleveland Motor Holdings, LLC, a Washington Limited Liability Company, dba Trium (effective 2024-01-01).

Action: entry
Counterparty: Hattar Motorcycles Inc., a California Corporation, dba Marin Speed Shop; NGCW Inc., a California Corporation, dba Scuderia West; Rockridge East Bay, LLC, a California Limited Liability Company, dba Rockridge Two Wheels; Cleveland Motor Holdings, LLC, a Washington Limited Liability Company, dba Trium
Effective: 2024-01-01

Exact text from the filing

On January 1, 2024, Motos America Inc. (the "Company") entered into a material definitive agreement (the "Management Agreement") with Hattar Motorcycles Inc., a California Corporation, dba Marin Speed Shop; NGCW Inc., a California Corporation, dba Scuderia West; Rockridge East Bay, LLC, a California Limited Liability Company, dba Rockridge Two Wheels; Cleveland Motor Holdings, LLC, a Washington Limited Liability Company, dba Triumph of Seattle dba The Wick Coffee Shop; and Triumph Brooklyn, LLC, a New York Limited Liability Company, dba Triumph Brooklyn; (each individually, a “Counterparty” and collectively, the "Counterparties"), pursuant to which the Company shall provide management services for multiple motorcycle dealerships owned by the Counterparties (the "Dealerships").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Motos America, Inc. entered into Asset Purchase Agreements with Hattar Motorcycles Inc., a California Corporation, dba Marin Speed Shop; NGCW Inc., a California Corporation, dba Scuderia West; Rockridge East Bay, LLC, a California Limited Liability Company, dba Rockridge Two Wheels; Cleveland Motor Holdings, LLC, a Washington Limited Liability Company, dba Trium (effective 2024-01-29).

Action: entry
Agreement: asset purchase
Counterparty: Hattar Motorcycles Inc., a California Corporation, dba Marin Speed Shop; NGCW Inc., a California Corporation, dba Scuderia West; Rockridge East Bay, LLC, a California Limited Liability Company, dba Rockridge Two Wheels; Cleveland Motor Holdings, LLC, a Washington Limited Liability Company, dba Trium
Effective: 2024-01-29

Exact text from the filing

Additionally, the Company entered into asset purchase agreements (the "Asset Purchase Agreements") with the Counterparties to purchase the Dealerships in the future.

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547 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001683168-24-001583

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