Venu Holding Corp: president departs; Aramark completes $10,005,000 investment

What happened Venu Holding Corporation filed an 8-K reporting that, on Oct 13, 2026, the Company and William Hodgson "mutually agreed" that Mr. Hodgson will cease to serve as President of the Company, effective immediately. Mr. Hodgson will remain an employee until Dec 1, 2026 (the "Separation Date"), will assist with transition matters and will remain available during a 90-day severance period beginning on the Separation Date. The filing also reports that, on Oct 15, 2026, the Company closed the second tranche of Aramark Sports and Entertainment Services, LLC's additional equity investment totaling $10,005,000, and that the Company applied a $12,500,000 holdback amount to repay part of a previously issued senior secured convertible debenture.

Key details

• Officer departure: Mr. Hodgson "mutually agreed" to cease serving as President effective Oct 13, 2026; he will remain employed through Dec 1, 2026 and assist during the 90-day Severance Period; no disagreement on Company policies or practices was reported; no designated successor was appointed.
• Aramark investment: Aramark committed to purchase 667 additional shares of Series B 4% Cumulative Convertible Preferred Stock for $10,005,000; tranche 1 was 333 shares for $4,995,000 on Jan 20, 2026 and tranche 2 was 334 shares for $5,010,000 closed Oct 15, 2026.
• Debenture and warrants: The Company issued a Senior Secured Convertible Debenture originally for $25,000,000 on Jul 31, 2026; $12,500,000 Holdback Amount was applied to repay $12,500,000 of principal effective Sep 30, 2026, reducing outstanding principal to $12,500,000; Investor Warrants were reduced from 1,000,000 to 500,000 shares and Placement Agent Warrants were reduced from 200,000 to 100,000 shares; the Company made a cash Installment Payment of $2,875,000 on Oct 14, 2026.

Why it may matter This filing reports Item 5.02 (departure of directors or certain officers), covering the departure of William Hodgson as President and related transition and potential severance arrangements, and Item 8.01 (other events), covering completion of Aramark's additional equity investment and the application of a holdback to reduce the principal of the Company’s convertible debenture and corresponding reductions in warrants and installment amounts. The filing does not show why the insider traded or why the company acted.