{"url_path":"/sec/hlly-wt/8-k/2026-05-18/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1822928/0001822928-26-000047-index.html","accession_number":"0001822928-26-000047","cik":"0001822928","ticker":"HLLY","issuer_name":"Holley Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1822928/0001822928-26-000047-index.html","primary_entity_key":"0001822928","primary_entity_name":"Holley Inc."},"word_count":525,"has_tables":true,"body_markdown":"Item 8.01    Other Events.\n\nOn May 15, 2026, Holley Inc. (the \"Company\") announced the appointment of Sarah Apple as Senior Vice President, General Counsel and Secretary of the Company, effective May 15, 2026. Ms. Apple joined the Company on April 27, 2026 as a senior advisor to Matthew Stevenson, the Company’s Chief Executive Officer. Ms. Apple succeeds Carly Kennedy who, as previously disclosed, is departing from the Company on May 15, 2026 to pursue other opportunities.\n\nUpon joining the Company, Ms. Apple entered into an employment agreement with the Company. Pursuant to the employment agreement, Ms. Apple received a one-time signing bonus of $25,000 (before applicable taxes and deductions) subject to repayment in the event that Ms. Apple voluntarily terminates employment without good reason within one year of starting employment, and Ms. Apple will be reimbursed for relocation expenses for her move to Nashville. Ms. Apple will also be paid an annual base salary, will be eligible to participate in any bonus plan in effect from time to time for senior executives of the Company and will be eligible to receive annual grants of equity-based incentive compensation.\n\n•Annual Base Salary. The Company has agreed to pay Ms. Apple a base salary at an annual rate of $350,000. Ms. Apple’s annual base salary will be subject to annual review by the Company’s board of directors (or a committee thereof), and may be increased, but not decreased from time to time by the board.\n\n•Annual Bonus. Ms. Apple’s target bonus opportunity will equal 50% of her annual base salary then in effect and her maximum bonus opportunity will equal 100% of her annual base salary then in effect. Payment of the annual bonus will be made upon the attainment of one or more pre-established financial and/or personal performance goals established by the Company’s board of directors (or a committee thereof) in its sole discretion and subject to discretionary adjustment based on Ms. Apple’s individual performance.\n\n•Annual Equity Award. Commencing on the first date annual incentive equity awards are granted to similarly situated executives of the Company following the effective date of the employment agreement and subject to the terms of the Company’s 2021 Omnibus Incentive Plan and the approval of the board’s compensation and talent committee, Ms. Apple will be eligible to receive annual grants of equity-based incentive compensation with a grant date fair market value of 75% of her annual base salary. The equity grant for 2026 will be pro-rated based on the number of days in which Ms. Apple is employed by the Company in 2026.\n\nProvided Ms. Apple’s employment is terminated by the Company without cause or by Ms. Apple for good reason and she timely executes and does not revoke a release of claims, Ms. Apple will receive: continued base salary payments for six months (or twelve months if such termination occurs within a period starting three months prior to and ending twelve months following a change in control); and a pro-rated annual bonus for the year of termination.\n\nMs. Apple’s employment agreement with the Company is filed as Exhibit 99.2 to this Current Report on Form 8-K and incorporated herein by reference."}