Holley Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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): April 7, 2026

 

HOLLEY INC.

(Exact name of registrant as specified in its charter)

 

 

 

(270) 782-2900

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	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))

 

 

 

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. ☐

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Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

After serving as Executive Vice President, General Counsel and Corporate Secretary for four years with Holley Inc. (the “Company”), Carly Kennedy will be departing from her position to pursue other opportunities. On April 7, 2026, the Company and Ms. Kennedy mutually agreed that, in order to support an orderly transition and to assist the Company with its upcoming annual meeting of stockholders and certain upcoming SEC reporting obligations, Ms. Kennedy will remain employed by the Company until May 15, 2026 (the “Separation Date”), at which time her employment with the Company will terminate unless her employment is terminated sooner for cause or she voluntarily resigns prior to such date.

 

The Company thanks Ms. Kennedy for her leadership and significant contributions to the Company and appreciates her commitment to supporting the business through this transition. In connection with her departure, the Company and Ms. Kennedy entered into a separation agreement and general release (the “Separation Agreement and General Release”).

 

In exchange for Ms. Kennedy (i) signing the Separation Agreement and General Release and agreeing to be bound by it, (ii) signing and not revoking the second release (as defined in the Separation Agreement and General Release), (iii) not resigning her employment or being terminated for cause prior to the Separation Date and (iv) continuing to comply with all obligations under the Separation Agreement and General Release, the Company will provide Ms. Kennedy with the following severance benefits:

 

 

 

 

If a “change in control” (as defined in the 2021 Plan) occurs within three months of the Separation Date, the salary continuation payments referred to above will be increased to $328,000, which is an amount equal to 12 months of Ms. Kennedy’s base salary in effect on the Separation Date, payable in equal installments over a period of 12 months following the Separation Date in accordance with the Company’s regular payroll processes.

 

The Separation Agreement and General Release includes a customary general release of claims by Ms. Kennedy in favor of the Company and certain related parties.

 

The foregoing description of the Separation Agreement and General Release is qualified in its entirety to full text of the Separation Agreement and General Release, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

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.

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