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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 1, 2023
LAZYDAYS
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38424 |
|
82-4183498 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
4042
Park Oaks Blvd., Suite 350, Tampa, Florida |
|
33610 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code |
|
(813)
246-4999 |
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
stock |
|
LAZY |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
(b)
On September 1, 2023, Erika Serow, a member of the Board of Directors (the “Board”) of Lazydays Holdings, Inc., a Delaware
corporation (the “Company”), notified the Board of her decision to resign as director, effective September 30, 2023.
(d)
Effective September 30, 2023, the Board fixed the size of the Board at eight directors. On August 30, 2023, the Board appointed
each of Susan Scarola, age 72, and Suzanne Tager, age 55, to serve as directors of the Company, effective September 30, 2023. The initial
term as a director for each of Mses. Scarola and Tager expires at the Company’s 2025 and 2026 Annual Meeting of Stockholders, respectively.
Additionally,
effective September 30, 2023, the Board: (i) appointed Ms. Scarola to the Board’s Audit Committee, and (ii) appointed Ms. Tager
to the Board’s Compensation Committee.
Ms.
Scarola has over 30 years of leadership experience, including serving as Chief Executive Officer, Chief Financial Officer, President
and Vice Chair of DCH Auto Group, a multi-state automotive dealer. Ms. Scarola retired in June 2015, and currently serves on the advisory
board and compensation committee of Faulkner Automotive Group. Ms. Scarola holds a Bachelor of Science in Elementary Education from the
State University College, Buffalo, New York and a Master of Business Administration in Accounting from New York University.
Ms.
Tager has served as Executive Vice President, Chief of Staff to Worldwide Managing Partner at Bain & Company since January 2020.
Prior to that, Ms. Tager served as Executive Vice President, Global Retail and Consumer Products from April 2007 to December 2019. Ms.
Tager holds a Bachelor of Arts in Public Policy Sciences from Duke University and a Master of Business Administration from the University
of Pennsylvania.
Mses.
Scarola and Tager will receive compensation for service as a director in accordance with the Company’s policy for compensation
of non-employee directors. There are no arrangements or understandings between either of Mses. Scarola and Tager and any other persons
pursuant to which either of Mses. Scarola and Tager were selected as a director, and there are no transactions in which the Company was
or is to be a participant and in which either of Mses. Scarola and Tager had or will have a direct or indirect material interest that
are required to be reported pursuant to Item 404(a) of Regulation S-K.
Item
8.01 Other Events.
On
September 1, 2023, the Company issued a press release announcing the appointments of Mses. Scarola and Tager. A copy of the press release
is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
LAZYDAYS
HOLDINGS, INC. |
|
|
|
September
1, 2023 |
By |
/s/
Kelly Porter |
Date |
|
Kelly
Porter
|
|
|
Chief
Financial Officer |
Exhibit
99.1
LAZYDAYS
WELCOMES TWO NEW BOARD MEMBERS
TAMPA,
Fla., September 1, 2023 /PRNewswire/ — Lazydays (NasdaqCM: LAZY) today announced that Erika Serow will resign from the LAZY Board
of Directors for personal reasons effective September 30, 2023.
“We
are deeply grateful for Erika’s many contributions to the board over the past five years,” said Chris Shackelton. “As
an original board member when Lazydays went public, Erika has had a significant impact on our trajectory. On behalf of the board and
the entire company, I would to like thank Erika for her service.”
Concurrently,
Suzanne Tager and Susan Scarola have been appointed to its Board of Directors effective September 30, 2023.
“We
are pleased to welcome Suzanne and Susan to Lazydays,” said Chris Shackelton, Chairman of the Board. “Their leadership experiences
at Bain & Company and DCH Auto Group, respectively, are specifically relevant and valuable as we continue to build Lazydays into
the country’s preeminent RV dealership network.”
John
North, Chief Executive Officer added, “Suzanne and Susan have track records of driving high performing organizations. They will
be incredible assets to management and the board.”
Suzanne
Tager is currently the Chief of Staff at Bain & Company, helping lead the firm’s global strategy and operations. She formerly
served as Executive Vice President of Bain’s Retail and Consumer Products practices. She has deep expertise on consumer
trends, including digital and omnichannel strategy, as well as growth and branding. She joined Bain in 1996.
Susan
Scarola has 30 years of automotive retail experience, including as Chief Financial Officer, Chief Executive Officer and Vice Chair of
DCH Auto Group, culminating in 2015 after its sale to Lithia Motors. Prior to being acquired, DCH was one of the 10 largest automotive
groups in the United States. Susan has served on multiple automotive industry boards.
About
Lazydays
Lazydays
has been a prominent player in the RV industry since its inception in 1976, earning a stellar reputation for delivering exceptional RV
sales, service, and ownership experiences. Its commitment to excellence has led to enduring relationships with RVers and their families,
who rely on Lazydays for all their RV needs.
With
a strategic approach to rapid expansion, Lazydays is growing its network through both acquisitions and new builds. Its wide selection
of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that
Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you’re
a seasoned RVer or just starting your adventure,
Lazydays’
dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.
Lazydays
is a publicly listed company on the Nasdaq stock exchange under the ticker “LAZY.”
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