Highest-materiality recent filing
Holley Q2 net sales up 3.2% to $172M; net loss $2.4M vs prior-year profit $10.9M
Net sales $172.0M, +3.2% YoY; core business net sales up 4.9% excluding divestitures.
Holley prepays $15M debt, cumulative $115M since 2023; targets leverage below 3.5x
Voluntary $15M prepayment of first lien term loan; total debt reduction $115M since Sep 2023.
Holley announces $25M share repurchase program; reaffirms net leverage target
Board authorized repurchase of up to $25M of common stock; no time limit or minimum obligation.
Holley appoints Sarah Apple as SVP, General Counsel & Secretary effective May 15, 2026
Sarah Apple appointed as SVP, General Counsel & Secretary, effective May 15, 2026; succeeds Carly Kennedy who is departing.
Holley stockholders approve increase in shares under 2021 Omnibus Incentive Plan; directors elected
Stockholders approved amendment to 2021 Omnibus Incentive Plan increasing authorized shares reserved for delivery: 61.0M for, 27.6M against.
Holley Q1 net income rises to $7.3M; revenue down 3.7% YoY to $147.3M
Net income of $7.3M ($0.06 diluted EPS) vs $2.8M ($0.02) YoY; adjusted net income $5.7M.
Holley EVP, General Counsel Carly Kennedy to depart by May 15, 2026; severance agreed
Carly Kennedy, EVP, General Counsel and Corporate Secretary, will leave effective May 15, 2026 after four years.
Holley Q4 net sales up 10.9% to $155.4M; net income $6.3M vs loss of $37.8M
Q4 2025 net sales $155.4M (+10.9% YoY); core business net sales grew 13.5% excluding non-core items.
Holley raises CEO base salary to $800k, adds 3.5x equity grants
CEO Matthew Stevenson base salary increased from $700k to $800k effective Jan 1, 2026.
Holley Q3 sales up 3.2% to $138.4M, core growth 6.4%; adjusted EBITDA $27.1M
Net sales $138.4M (+3.2% YoY); core business net sales grew 6.4% excluding non-core items.
Holley repays additional $10M on term loan; total debt reduction reaches $100M since Sep 2023
Paid down $10M on first lien term loan via opportunistic repurchases at a discount, funded with free cash flow.
Selling stockholder controlled by Sentinel Capital Partners offers 14M shares at $2.75 per share.
Holley repays $15M on term loan, total debt reduction $90M since Sep 2023
Repaid $15M on first lien term loan via opportunistic repurchases at a discount, funded with free cash flow.
Holley grants 1M+ RSUs/PSUs to top officers; enhances Change in Control severance for CFO and GC
CEO Matthew Stevenson granted 433,034 RSUs and 433,034 PSUs; CFO Weaver 247,448 RSUs; GC Kennedy 123,724 RSUs.
Holley Q2 net sales $166.7M (-1.7%) but core business grew 3.9%; record FCF $35.7M
Net sales $166.7M vs $169.5M a year ago; core net sales up 3.9% excluding $9.0M non-core.
Holley Q1 net sales $153M (-3.5% YoY); core business up 3.3%; adj. EBITDA $27.3M
Net sales $153.0M, down 3.5% YoY; core business net sales grew 3.3% excluding ~$10.5M of divestitures and SKU rationalization.
Holley stockholders elect three Class I directors, ratify Grant Thornton as auditor
Michelle Gloeckler, Anita Sehgal, and Matthew J. Stevenson elected as Class I directors for three-year terms.
Holley reports Q4 net loss of $37.8M on $140M sales; impairment charges and guidance for 2025
Q4 net sales $140.1M, down 10.1% YoY; full year $602.2M, down 8.7% from $659.7M.
Holley enters perpetual exclusive North American license for Cataclean products for $23.8M
Agreement covers US, Canada, Mexico; includes existing and future Cataclean formulations.
Holley amends revolver to covenant-lite; extends maturity to 2029, reduces size to $100M
Revolving credit facility maturity extended to November 18, 2029.
Holley Q3 net sales down 14.4% to $134M; net loss $6.3M vs prior year profit
Net loss of $(6.3)M ($(0.05)/diluted share) vs net income $0.8M ($0.01) YoY.
Holley Q2 net sales down 3% to $169.5M; net income up 31% to $17.1M
Net sales $169.5M (-3.3% YoY); net income $17.1M ($0.14 EPS) vs $13.0M ($0.11 EPS) last year.
Holley interim COO Brian Appelgate completes assignment, becomes advisor toward retirement
Brian Appelgate's temporary assignment as Interim COO ended effective July 1, 2024; role began November 14, 2022.
Holley Q1 net sales down 7.9% to $158.6M; adjusted net income $0.1M; FY outlook reiterated
Net sales $158.6M, down 7.9% YoY from $172.2M; net income $3.7M ($0.03 diluted EPS) vs $4.2M.
Holley pays down additional $15M on first lien term loan; total $65M prepaid since Sep 2023
$15M principal reduction completed in March 2024 via opportunistic repurchases at a discount to par using cash on hand.
Holley reports Q4 net income $1.2M vs loss; Q4 adj EBITDA up 89% YoY; guides FY2024 sales $671-721M
Q4 net sales $155.7M (+1.0% YoY); gross margin 38.7% vs 30.7% YoY.
Holley pays down additional $25M of term loan; total $50M since Sep 2023
Paid $25M principal on first lien term loan in Nov/Dec 2023 via discounted repurchases using cash on hand.
Holley Q3 net sales +1.1% to $156.5M; gross margin 37.3%; Adj. EBITDA $29.7M
Net sales $156.5M, up 1.1% YoY; gross margin expanded to 37.3% from 31.3%.
Holley pays down $25M of first lien term loan; $14M repurchased at discount
Paid down $25M principal on first lien term loan facility using cash on hand.
Holley Q2 net sales down 2.3% to $175.3M; raises FY2023 guidance
Net sales $175.3M (-2.3% YoY); gross margin 39.8% vs 42.0% last year.
Enhanced procedural mechanics for stockholder nominations, including disclosure of solicitation intent and compliance with SEC Universal Proxy Rule.
Holley appoints Matthew Stevenson as President and CEO; amends PSU vesting terms
Matthew Stevenson appointed President and CEO, effective June 6, 2023, replacing interim CEO Michelle Gloeckler who remains on board.
Holley appoints Matthew Stevenson as President and CEO, effective June 6, 2023
Matthew Stevenson appointed President and CEO, effective June 6, 2023; replaces interim CEO Michelle Gloeckler.
Holley Q1 net sales down 13.9% to $172.2M; net income falls to $4.3M from $16.9M
Net sales $172.2M, down 13.9% YoY from $200.1M.
Q4 net sales fell 14.3% YoY to $154.2M; gross profit dropped 36.8% to $47.3M.
Holley CEO Tomlinson retires; Gloeckler interim CEO; prelim Q4 sales $153-155M, down 15% YoY
CEO Tom Tomlinson retires effective Feb 6, 2023; Director Michelle Gloeckler named Interim President and CEO.
Holley appoints Jesse Weaver as CFO, effective December 12, 2022
Jesse Weaver appointed CFO, succeeding interim CFO Stephen Trussell; Trussell remains VP of Finance.
Holley reports Q3 net sales down 3.1%, gross profit down 25.8%; appoints interim COO
Net sales of $154.8M vs $159.7M YoY (-3.1%); gross profit $48.4M vs $65.2M (-25.8%).
Holley Q2 2022 net sales down 7.1% to $179.4M; adjusted EBITDA falls to $37.2M
Net sales $179.4M, down 7.1% YoY; gross profit $75.3M, down 7.3%.
Holley CFO Dominic Bardos resigns; VP Stephen Trussell named interim CFO
CFO Dominic Bardos resigns effective Sept 30, 2022, to pursue another opportunity.
Holley reports preliminary Q2 net sales $179.4M, down 7.1%; adjusted EBITDA falls 31.3%
Preliminary net sales $179.4M, down $13.6M (7.1%) vs Q2 2021.
Holley Q1 sales up 24.8% to $200.1M; net income of $16.9M vs year-ago loss
Net sales rose 24.8% to $200.1M from $160.3M; gross profit up 25.9% to $82.7M.
Holley Inc. announces secondary offering of 8M shares at $12.00 by selling stockholder
Selling stockholder Holley Parent Holdings LLC sold 8M shares at $12.00 each; company receives no proceeds.
Preliminary Net Sales of $199M-$200M, Gross Profit $81M-$82M, Net Income $16M-$17M, Adjusted EBITDA $45M-$46M.
Holley Q4 net sales up 29.9% to $179.8M; adjusted EBITDA rises to $36.1M
Q4 2021 net sales $179.8M (+29.9% YoY); gross profit $74.7M (+37.0%).
Holley restates prior financials; reclassifies Empower Public Shares as temporary equity
Management and audit committee concluded Empower Public Shares should be classified as temporary equity, not permanent equity.
Holley refinances 2018 credit facility with new $825M facility at lower rates
New $825M facility: $600M term loan B, $100M delayed draw term loan, $125M revolver.
Holley Q3 net loss of $30.2M despite 19.8% sales growth; reiterates FY2021 guidance
Net sales $159.7M, +19.8% YoY; gross profit $65.2M, +17.4% YoY.
Holley exploring possible refinancing of existing credit facility
Company filed an investor presentation for potential lenders on October 18, 2021.
Holley Intermediate reports H1 2021 net sales of $353M, up 52% YoY; net income $21M
Net sales for 26 weeks ended June 27, 2021: $353.4M vs $232.5M YoY (+52%).
Effective as of July 1, 2024, Brian Appelgate completed a temporary assignment as Interim Chief Operating Officer of Holley, Inc. (the “Company”) which commenced on November 14, 2022.
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.
as well as a Class I director of the Company with a term expiring at the 2025 annual meeting of the Company.
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.
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.
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.
Matthew Rubel, the Company’s current Chairman of the Board, was designated and appointed Executive Chairman of the Board, and expects to serve in such role until a permanent CEO has been selected.
On February 4, 2023, Thomas Tomlinson gave notice to the Company that he will retire as President and Chief Executive Officer (“CEO”) and resign from the Board of Directors (the “Board”), effective February 6, 2023.
The Board has appointed current Director, Michelle Gloeckler, as Interim President and CEO while it conducts a comprehensive search process to identify a permanent CEO.
Graham Clempson, an observer on the Board since the Company’s business combination with Empower Ltd. (“Empower”) in July 2021, was appointed to serve as a member of the Board, effective immediately.
On December 12, 2022, Holley Inc. (the “Company”) announced that the board of directors of the Company (the “Board”) approved the appointment of Jesse Weaver, 41, as the Company’s Chief Financial Officer, effective immediately.
Mr. Weaver will succeed Stephen Trussell, who has served as the Company’s Interim Chief Financial Officer since September 30, 2022. Mr. Trussell will continue as the Company’s Vice President of Finance, a role he has held since 2009.
Max materiality 0.85 · Median 0.65 · Most common event earnings