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): July 3, 2020
OneWater Marine Inc.
(Exact name of registrant as specified in its charter)
|
Delaware
|
001-39213
|
83-4330138
|
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
6275 Lanier Islands Parkway
Buford, Georgia
|
30518 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s Telephone Number, including Area Code: (678) 541-6300
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:
| ☐ |
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 Securities Exchange Act of 1934:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
Class A common stock, par value $0.01 per share
|
ONEW
|
The Nasdaq Global 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 |
Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
|
Given recent trends in demand, OneWater Marine Inc.’s (the “Company”) Board of Directors and executive management team, including Chief Executive Officer, Austin Singleton, President and Chief Operating Officer,
Anthony Aisquith, and Chief Financial Officer, Jack Ezzell, will receive a one-time cash payment equal to their reduction in compensation related to the previously announced decision in early April 2020 to forgo or reduce salaries due to the
COVID-19 pandemic. As of July 3, 2020, the cash compensation for the Company’s directors and executive management team will be restored to pre-COVID levels.
2
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.
|
ONEWATER MARINE INC.
|
||
|
By:
|
/s/ Jack Ezzell
|
|
|
Name:
|
Jack Ezzell
|
|
|
Title:
|
Chief Financial Officer
|
|
|
Dated: July 6, 2020
|
||
3