Holley Inc. 8-K

What Happened

• Holley Inc. announced on May 15, 2026 that Sarah Apple has been appointed Senior Vice President, General Counsel and Secretary, effective that day. Ms. Apple joined Holley on April 27, 2026 as a senior advisor to CEO Matthew Stevenson and succeeds Carly Kennedy, who departed May 15, 2026.

Key Details

• Start/effective dates: joined as senior advisor April 27, 2026; appointment effective May 15, 2026.
• Base salary: $350,000 per year, subject to annual review (may be increased but not decreased).
• Bonus and equity: target annual bonus = 50% of base salary (max 100%); eligible for annual equity awards with grant-date fair value equal to 75% of base salary (2026 award to be prorated).
• Other terms: $25,000 one-time signing bonus (repayable if she voluntarily leaves without good reason within one year); relocation expense reimbursement; severance of six months’ continued base pay (twelve months if termination occurs near a change in control) plus a pro-rated annual bonus if terminated without cause or for good reason upon timely release execution.

Why It Matters

• This is a management-level legal and governance change: investors should note continuity in the company’s senior leadership and that the new general counsel joined the company prior to her formal appointment.
• Compensation and potential severance terms create known obligations the company may need to record or disclose (signing bonus, relocation, annual salary/bonus commitments, equity grants).
• The filing is procedural (Regulation FD disclosure and 8-K) and informs shareholders about executive leadership and the material terms of her employment agreement.