LAZY Lazydays Holdings Inc

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 1, 2023

 

LAZYDAYS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware		001-38424		82-4183498
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

4042 Park Oaks Blvd., Suite 350, Tampa, Florida		33610
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code

(813) 246-4999

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock		LAZY		Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

(b) On September 1, 2023, Erika Serow, a member of the Board of Directors (the “Board”) of Lazydays Holdings, Inc., a Delaware corporation (the “Company”), notified the Board of her decision to resign as director, effective September 30, 2023.

 

(d) Effective September 30, 2023, the Board fixed the size of the Board at eight directors. On August 30, 2023, the Board appointed each of Susan Scarola, age 72, and Suzanne Tager, age 55, to serve as directors of the Company, effective September 30, 2023. The initial term as a director for each of Mses. Scarola and Tager expires at the Company’s 2025 and 2026 Annual Meeting of Stockholders, respectively.

 

Additionally, effective September 30, 2023, the Board: (i) appointed Ms. Scarola to the Board’s Audit Committee, and (ii) appointed Ms. Tager to the Board’s Compensation Committee.

 

Ms. Scarola has over 30 years of leadership experience, including serving as Chief Executive Officer, Chief Financial Officer, President and Vice Chair of DCH Auto Group, a multi-state automotive dealer. Ms. Scarola retired in June 2015, and currently serves on the advisory board and compensation committee of Faulkner Automotive Group. Ms. Scarola holds a Bachelor of Science in Elementary Education from the State University College, Buffalo, New York and a Master of Business Administration in Accounting from New York University.

 

Ms. Tager has served as Executive Vice President, Chief of Staff to Worldwide Managing Partner at Bain & Company since January 2020. Prior to that, Ms. Tager served as Executive Vice President, Global Retail and Consumer Products from April 2007 to December 2019. Ms. Tager holds a Bachelor of Arts in Public Policy Sciences from Duke University and a Master of Business Administration from the University of Pennsylvania.

 

Mses. Scarola and Tager will receive compensation for service as a director in accordance with the Company’s policy for compensation of non-employee directors. There are no arrangements or understandings between either of Mses. Scarola and Tager and any other persons pursuant to which either of Mses. Scarola and Tager were selected as a director, and there are no transactions in which the Company was or is to be a participant and in which either of Mses. Scarola and Tager had or will have a direct or indirect material interest that are required to be reported pursuant to Item 404(a) of Regulation S-K.

 

Item 8.01 Other Events.

 

On September 1, 2023, the Company issued a press release announcing the appointments of Mses. Scarola and Tager. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)

Exhibits

 

Exhibit No.		Description
99.1		Press Release, dated September 1, 2023, announcing the appointment of directors.
104		Cover Page Interactive Data File (formatted as inline XBRL).

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	LAZYDAYS HOLDINGS, INC.
September 1, 2023	By	/s/ Kelly Porter
Date		Kelly Porter
		Chief Financial Officer

 

 

 

Exhibit 99.1

 

 

LAZYDAYS WELCOMES TWO NEW BOARD MEMBERS

 

TAMPA, Fla., September 1, 2023 /PRNewswire/ — Lazydays (NasdaqCM: LAZY) today announced that Erika Serow will resign from the LAZY Board of Directors for personal reasons effective September 30, 2023.

 

“We are deeply grateful for Erika’s many contributions to the board over the past five years,” said Chris Shackelton. “As an original board member when Lazydays went public, Erika has had a significant impact on our trajectory. On behalf of the board and the entire company, I would to like thank Erika for her service.”

 

Concurrently, Suzanne Tager and Susan Scarola have been appointed to its Board of Directors effective September 30, 2023.

 

“We are pleased to welcome Suzanne and Susan to Lazydays,” said Chris Shackelton, Chairman of the Board. “Their leadership experiences at Bain & Company and DCH Auto Group, respectively, are specifically relevant and valuable as we continue to build Lazydays into the country’s preeminent RV dealership network.”

 

John North, Chief Executive Officer added, “Suzanne and Susan have track records of driving high performing organizations. They will be incredible assets to management and the board.”

 

Suzanne Tager is currently the Chief of Staff at Bain & Company, helping lead the firm’s global strategy and operations. She formerly served as Executive Vice President of Bain’s Retail and Consumer Products practices. She has deep expertise on consumer trends, including digital and omnichannel strategy, as well as growth and branding. She joined Bain in 1996.

 

Susan Scarola has 30 years of automotive retail experience, including as Chief Financial Officer, Chief Executive Officer and Vice Chair of DCH Auto Group, culminating in 2015 after its sale to Lithia Motors. Prior to being acquired, DCH was one of the 10 largest automotive groups in the United States. Susan has served on multiple automotive industry boards.

 

About Lazydays

 

Lazydays has been a prominent player in the RV industry since its inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Its commitment to excellence has led to enduring relationships with RVers and their families, who rely on Lazydays for all their RV needs.

 

With a strategic approach to rapid expansion, Lazydays is growing its network through both acquisitions and new builds. Its wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you’re a seasoned RVer or just starting your adventure,

 

Lazydays’ dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.

 

Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker “LAZY.”

 

 

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Entity Address, Address Line One	4042 Park Oaks Blvd.
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