Venu Holding Corp 8-K

What Happened Venu Holding Corporation announced that effective January 12, 2026 it appointed Vic Sutter (age 45) as Chief Operating Officer. Sutter had served as the company's Executive Vice President of Operations since April 2025 and previously held senior roles at Live Nation Entertainment focused on food & beverage and premium guest experiences. In connection with his promotion, Venu granted Sutter a stock option to acquire 100,000 shares under its 2023 Omnibus Incentive Compensation Plan. William Hodgson, the company’s President, will shift focus away from day-to-day COO functions to concentrate on his presidential and strategic responsibilities.

The company also reported an amendment to its purchase and sale agreement with Old Mill, LLC for the Centennial, Colorado property. The amendment (entered December 15, 2025) allows Venu to extend the December 15, 2025 closing date by up to 45 days (the company has elected to extend), reduces the purchase price by approximately $390,000, requires waiver of inspection rights and buyer contingencies, and mandates the non‑refundable release of all earnest money to Old Mill. Venu and Old Mill expect the closing to occur in January or February 2026, subject to closing conditions.

Key Details

• Vic Sutter appointed COO effective January 12, 2026; previously EVP of Operations since April 2025.
• Sutter granted a stock option exercisable for 100,000 shares under the 2023 Omnibus Plan.
• Centennial purchase amendment (Dec 15, 2025): closing extension right up to 45 days with extension fees equal to Old Mill’s carrying costs (up to $25,000 per month); purchase price reduced by ~$390,000.
• Amendment requires Venu to waive inspection rights and buyer contingencies and to release all earnest money to Old Mill; expected close in Jan–Feb 2026.

Why It Matters For investors, the COO appointment signals Venu’s emphasis on experienced operational leadership—especially for concert operations, food & beverage, and premium guest experiences—which are central to the company’s amphitheater, music hall, and restaurant concepts. The 100,000‑share option is a specific compensation item that could be dilutive if exercised.

On the property front, the Centennial acquisition remains on track but the company made meaningful concessions (price reduction, waived inspections/contingencies, and forfeited earnest money) to extend the closing. Those concessions reduce buyer protections and commit capital toward closing, so investors should watch for the announced closing timing and any further updates on transaction conditions.