LAZYDAYS HOLDINGS, INC. ANNOUNCES LEADERSHIP TRANSITION
Lazydays Holdings (NASDAQ: GORV) announced a leadership transition on September 14, 2024. Ronald Fleming has been appointed as Interim CEO and joined the Board of Directors, replacing John North, who stepped down on September 13, 2024. Fleming, with over four decades of experience in the RV industry, previously served as Lazydays' Senior Vice President of Operations until August 2023. He was instrumental in the company's public listing in 2018 and the acquisition of over 20 locations.
The Board expressed confidence in Fleming's ability to lead Lazydays out of the current downturn and return to growth. Fleming emphasized his commitment to building on the company's strong partnerships with OEMs and delivering an unparalleled customer experience. As part of his appointment, Fleming will receive a stock option to purchase 1,500,000 shares at $2.00 per share, subject to vesting conditions.
Lazydays Holdings (NASDAQ: GORV) ha annunciato un avvicendamento alla leadership il 14 settembre 2024. Ronald Fleming è stato nominato CEO ad interim e si è unito al Consiglio di Amministrazione, sostituendo John North, che si è dimesso il 13 settembre 2024. Fleming, con oltre quattro decenni di esperienza nel settore dei veicoli ricreazionali, ha precedentemente ricoperto il ruolo di Vice Presidente Senior delle Operazioni di Lazydays fino ad agosto 2023. È stato fondamentale per la quotazione pubblica della società nel 2018 e per l'acquisizione di oltre 20 sedi.
Il Consiglio ha espresso fiducia nella capacità di Fleming di guidare Lazydays fuori dall'attuale crisi e riportarla alla crescita. Fleming ha sottolineato il suo impegno a rafforzare le solide partnership con gli OEM e a offrire un'esperienza clienti senza pari. Come parte della sua nomina, Fleming riceverà un'opzione su azioni per acquistare 1.500.000 azioni a $2,00 per azione, soggetta a condizioni di maturazione.
Lazydays Holdings (NASDAQ: GORV) anunció una transición de liderazgo el 14 de septiembre de 2024. Ronald Fleming ha sido nombrado CEO interino y se unió a la Junta Directiva, reemplazando a John North, quien renunció el 13 de septiembre de 2024. Fleming, con más de cuatro décadas de experiencia en la industria de vehículos recreativos, anteriormente se desempeñó como Vicepresidente Senior de Operaciones de Lazydays hasta agosto de 2023. Fue fundamental en la salida a bolsa de la empresa en 2018 y en la adquisición de más de 20 ubicaciones.
La Junta expresó confianza en la capacidad de Fleming para llevar a Lazydays fuera de la actual recesión y regresar al crecimiento. Fleming enfatizó su compromiso de construir sobre las sólidas asociaciones de la empresa con los OEM y ofrecer una experiencia al cliente sin igual. Como parte de su nombramiento, Fleming recibirá una opción sobre acciones para comprar 1,500,000 acciones a $2.00 por acción, sujeto a condiciones de consolidación.
라지데이즈 홀딩스 (NASDAQ: GORV)는 2024년 9월 14일 리더십 전환을 발표했습니다. 로날드 플레밍이 인터림 CEO로 임명되었으며, 존 노스를 대신해 이사회에 합류했습니다. 존 노스는 2024년 9월 13일에 사임했습니다. 플레밍은 RV 산업에서 40년 이상의 경험을 가지고 있으며, 2023년 8월까지 라지데이즈의 수석 부사장으로 재직했습니다. 그는 2018년 회사의 상장과 20개 이상의 위치 인수에 중요한 역할을 했습니다.
이사회는 플레밍이 현재의 침체에서 라지데이즈를 이끌고 성장으로 되돌릴 수 있다고 확신하고 있습니다. 플레밍은 OEM과의 강력한 파트너십을 구축하고 탁월한 고객 경험을 제공하겠다는 의지를 강조했습니다. 그의 임명의 일환으로 플레밍은 주식 옵션을 받아 1,500,000주를 주당 $2.00에 구매할 수 있으며, 이는 일정 조건에 따라 발생합니다.
Lazydays Holdings (NASDAQ: GORV) a annoncé une transition de leadership le 14 septembre 2024. Ronald Fleming a été nommé PDG par intérim et a rejoint le Conseil d'Administration, remplaçant John North, qui a démissionné le 13 septembre 2024. Fleming, avec plus de quarante ans d'expérience dans l'industrie des véhicules récréatifs, a précédemment été Vice-Président Senior des Opérations chez Lazydays jusqu'en août 2023. Il a joué un rôle clé dans l'introduction en bourse de l'entreprise en 2018 et dans l'acquisition de plus de 20 sites.
Le Conseil a exprimé sa confiance dans la capacité de Fleming à guider Lazydays hors de la récession actuelle et à retrouver la croissance. Fleming a souligné son engagement à renforcer les partenariats solides de l'entreprise avec les OEM et à offrir une expérience client inégalée. Dans le cadre de sa nomination, Fleming recevra une option d'achat d'actions pour acquérir 1 500 000 actions à 2,00 $ par action, sous réserve de conditions d'acquisition.
Lazydays Holdings (NASDAQ: GORV) gab am 14. September 2024 einen Führungswechsel bekannt. Ronald Fleming wurde zum Interim-CEO ernannt und trat dem Vorstand bei, um John North zu ersetzen, der am 13. September 2024 zurückgetreten ist. Fleming, der über vier Jahrzehnte Erfahrung in der RV-Industrie verfügt, war zuvor bis August 2023 als Senior Vice President für Operationen bei Lazydays tätig. Er war maßgeblich an der Börsennotierung des Unternehmens im Jahr 2018 und der Übernahme von über 20 Standorten beteiligt.
Der Vorstand äußerte Vertrauen in Flemings Fähigkeit, Lazydays aus der aktuellen Flaute zu führen und wieder auf Wachstumskurs zu bringen. Fleming betonte sein Engagement, die starken Partnerschaften mit OEMs auszubauen und ein unvergleichliches Kundenerlebnis zu bieten. Im Rahmen seiner Ernennung erhält Fleming eine Aktienoption, um 1.500.000 Aktien zu je 2,00 $ zu kaufen, vorbehaltlich bestimmter Vesting-Bedingungen.
- Appointment of Ronald Fleming as Interim CEO, bringing over 40 years of RV industry experience
- Fleming's previous success in leading Lazydays through public listing and expansion
- Strong, multi-decade partnerships with OEMs and industry-leading dealerships
- Focus on improving performance and capitalizing on expanded national footprint
- Sudden departure of previous CEO John North
- Current market downturn affecting the company's performance
- Potential shareholder dilution due to new stock option grant to Fleming
Ronald Fleming Appointed Interim CEO and Director
John North Stepping Down as CEO and Director
Robert DeVincenzi, Chairman of the Board said, "On behalf of the Board of Directors, I thank John for his contributions to the Company during his service as CEO. We wish him all the best in the future."
Mr. DeVincenzi continued, "We're thrilled Ron is rejoining the organization to lead Lazydays out of the current downturn and return the Company to growth. Ron has over four decades of operational experience in the RV industry, including as an owner-operator of a successful dealership group, and as a senior executive at Lazydays responsible for overseeing dealership operations. Ron appreciates the critical role of developing and supporting talent throughout the organization, and he's eager to work with other members of the leadership team to develop and support our employees. The Board looks forward to partnering with Ron as he works to improve performance and capitalize on our expanded national footprint."
Mr. Fleming said, "I am honored to return to Lazydays in the role of Interim CEO. As a prior 11-year executive at the Company, and a previous owner-operator of a dealership group, I have navigated many RV industry cycles. I've always considered Lazydays the Yankees of the RV industry – a team with a storied history and iconic brand – and I'm excited to work with my colleagues to build on the tradition of delivering an unparalleled customer experience. Lazydays has strong, multi-decade partnerships with our OEMs, industry-leading dealerships and a talented roster of employees, and I look forward to building on this foundation with a focus on creating value for all stakeholders."
Mr. Fleming has been a leader in the RV industry for more than 40 years. Mr. Fleming served the Company most recently as Senior Vice President of Operations, overseeing operations at Lazydays until August 2023. Mr. Fleming joined Lazydays in 2013 and served as General Manager of the Company's flagship
In connection with Mr. Fleming's new roles with the Company, he will receive a stock option to purchase 1,500,000 shares of the Company's Common Stock at a purchase price per share of
ABOUT LAZYDAYS RV
Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs.
Our 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, our 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 "GORV."
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "may," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," "target" or "will" and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements regarding our new Interim Chief Executive Officer and our ability to navigate the current and future macroeconomic environments.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout under the headers "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and in the notes to our financial statements, in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. We urge you to carefully consider this information and not place undue reliance on forward-looking statements. We undertake no duty to update our forward-looking statements, including our earnings outlook, which are made as of the date of this release.
Contact:
investors@lazydays.com
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SOURCE Lazydays
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