LIVE VENTURES Inc 8-K

What Happened Live Ventures Incorporated (LIVE) reported on Form 8-K (Item 5.02) that Vintage Stock Inc., its indirect wholly owned subsidiary, entered a Third Amendment to the Employment Agreement with Rodney Spriggs, President and CEO of Vintage Stock. The amendment, effective March 31, 2026, was approved by the Compensation Committee and extends Mr. Spriggs' termination date and provides additional compensation and paid time off.

Key Details

• Employment term extended two years to March 31, 2028 (unless earlier terminated or further extended).
• One-time cash bonus of $250,000 to be paid on or before April 14, 2026.
• Incremental 80 hours of paid time off per calendar year added to Mr. Spriggs’ benefits.
• Other terms of the Employment Agreement remain in full force; the Third Amendment is filed as Exhibit 10.145 to the 8-K.

Why It Matters This filing locks in Vintage Stock’s CEO through at least March 31, 2028, which signals leadership continuity for that operating subsidiary. The company will incur a near-term cash outflow of $250,000 and an ongoing incremental PTO cost; no other changes to compensation or severance were disclosed. Investors should note this as an executive retention and compensation action (Item 5.02) rather than a change to corporate strategy or financial results.