Holley Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Holley Inc. on December 10, 2025. The report details an amendment to the employment agreement of Matthew Stevenson, the Company's President and Chief Executive Officer, originally dated May 13, 2023.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on executive compensation adjustments.
Material Changes
The primary material change is the amendment to the CEO's employment agreement, effective January 1, 2026:
- Base Salary Increase: Annual base salary increases from $700,000 to $800,000.
- Salary Review: Base salary will be subject to annual review by the Board of Directors.
- Equity Incentives: Commencing in 2026, the CEO becomes eligible for annual equity-based incentive compensation equal to 3.5 times his then-current base salary, subject to the 2021 Omnibus Incentive Plan and Compensation Committee approval.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The document is limited to the disclosure of the executive compensation amendment.
Key Facts for Investor Verification
- Verify the effective date of the salary increase (January 1, 2026).
- Confirm the specific terms of the 2021 Omnibus Incentive Plan regarding the 3.5x equity multiplier.
- Review the full text of the First Amendment to the Employment Agreement (Exhibit 10.1) for additional conditions or clauses not summarized in the 8-K.
- Note that the Company is classified as an emerging growth company.