# EDGAR Filing Document

**Accession Number:** 0001721741
**File Stem:** 0001641172-25-026225
**Filing Date:** 2025-9
**Character Count:** 19557
**Document Hash:** e66f9cff468cd3909dc26d4a0d1c13d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-026225.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001641172-25-026225

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250829

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250902

**DATE AS OF CHANGE**: 20250902

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lazydays Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001721741
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38424
- **FILM NUMBER:** 251286333

**BUSINESS ADDRESS:**
- **STREET 1:** 4042 PARK OAKS BLVD
- **STREET 2:** SUITE 350
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33610
- **BUSINESS PHONE:** 813-246-4999

**MAIL ADDRESS:**
- **STREET 1:** 4042 PARK OAKS BLVD
- **STREET 2:** SUITE 350
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Andina II Holdco Corp.
- **DATE OF NAME CHANGE:** 20171103

?xml version='1.0' encoding='ASCII'?

**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**

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| | |
|:---|:---|
| Date of Report (Date of earliest event reported): | **August 29, 2025** |

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**LAZYDAYS HOLDINGS, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38424** | **82-4183498** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

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

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| | |
|:---|:---|
| Registrant's telephone number, including area code | **(813) 246-4999** |

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**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:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock | GORV | Nasdaq Capital Market |

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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 1.01 Entry into a Material Definitive Agreement.**

*First Amendment to Limited Waiver and Consent with Respect to Credit Agreement*

On August 29, 2025, Lazydays Holdings, Inc. (the "***Company***") entered into a First Amendment to Limited Waiver and Consent (the "***Waiver Amendment***"), which amended that certain Limited Waiver and Consent with Respect to Credit Agreement dated and effective as of July 31, 2025 (the "***Waiver***"), delivered in connection with the Second Amended and Restated Credit Agreement dated as of February 21, 2023 (as amended from time to time, the "***Credit Agreement***") with Manufacturers and Traders Trust Company, as Administrative Agent (the "***Administrative Agent***"), the lenders party thereto (the "***Lenders***"), the Company and certain subsidiaries of the Company party thereto as loan parties. The Credit Agreement provides the Company with a floor plan credit facility.

The Waiver, among other things, granted the Company temporary waivers of potential defaults or events of default that occurred or may have occurred under the Credit Agreement (collectively, the "***Specified Defaults***"), including, among other things, (a) the failure to make certain vehicle curtailment payments due on or about August 1, 2025 (the "***Curtailment Waiver***") and (b) the failure to make certain interest payments on July 31 and August 1, 2025 (the "***Interest Payment Waiver***"). The waivers of the Specified Defaults apply for a period (the "***Waiver Period***") beginning July 31, 2025 and lasting until the earlier to occur of (x) 11:59 P.M. (Eastern Time) on September 12, 2025 and (y) the failure of the Company or any other loan party to comply timely with any term, condition or covenant set forth in the Waiver or the occurrence of any other default or event of default under the Credit Agreement. At the end of the Waiver Period, the waivers of the Specified Defaults will cease to be of any force or effect.

Among other covenants, the Waiver required the Company to, by August 22, 2025 (the "***Specified Date***"), either (x) deliver one or more indications of interest with respect to a transaction acceptable to the Administrative Agent and the Lenders pursuant to which the Company will raise new capital through one or more asset sales and/or debt or equity capital raises or (y) deliver to the Administrative Agent drafts of any initial filings the Company intends to make in connection with any potential action under applicable debtor relief laws.

The Waiver Amendment amends the Waiver to (i) add to the Curtailment Waiver the failure to make certain vehicle curtailment payments due on or about September 2, 2025, (ii) add to the Interest Payment Waiver the failure to make certain interest payments on August 28 and September 2, 2025 and (iii) extend the Specified Date to September 5, 2025.

The foregoing description of the Waiver Amendment is qualified in its entirety by reference to the full text of such agreement, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) *Exhibits* 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [First Amendment to Limited Waiver and Consent, dated August 29, 2025, by and among LDRV Holdings Corp., the other loan parties party thereto, each of the lenders and Manufacturers and Traders Trust Company.](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |

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**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.

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| | | |
|:---|:---|:---|
|  | **LAZYDAYS HOLDINGS, INC.** | **LAZYDAYS HOLDINGS, INC.** |
| September 2, 2025 | By: | */s/ Ronald K. Fleming* |
| Date |  | Ronald K. Fleming |
|  |  | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

Dated and effective as of August 29, 2025

LDRV Holdings Corp., as Borrower Representative

4042 Park Oaks Blvd., Suite 350

Tampa, Florida 33610

Attention: Ron Fleming, Chief Executive Officer

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| | |
|:---|:---|
| **<u>Re</u>**: | **<u>First Amendment to Limited Waiver and Consent</u>** |

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Ladies and Gentlemen:

Reference is made to (i) that certain Second Amended and Restated Credit Agreement, dated as of February 21, 2023 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the "<u>Credit Agreement</u>"), by and among LDRV Holdings Corp., a Delaware corporation (the "<u>Borrower Representative</u>"), the Loan Parties party thereto, the lenders from time to time party thereto (each, a "<u>Lender</u>" and collectively, the "<u>Lenders</u>"), and Manufacturers and Traders Trust Company, a New York banking corporation, as Administrative Agent, Swingline Lender and Issuing Bank, and (ii) that certain letter agreement, dated and effective as of July 31, 2025 (as in effect immediately prior to any amendments thereto effected hereby, the "<u>Limited Waiver</u>"), by and among the Borrowers, the Guarantors, the Lenders party thereto, and the Administrative Agent. Capitalized terms used in this letter agreement (this "<u>Agreement</u>") and not otherwise defined herein shall have the respective meanings given to them in the Limited Waiver or, if not defined therein, in the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**1.**  **<u>Preliminary Statements</u>** 

Pursuant to the Limited Waiver, the Lenders agreed to temporarily waive the Specified Defaults during the Temporary Waiver Period on the terms and conditions contained therein. The Borrowers have requested that the Lenders make certain amendments to the Limited Waiver, and the undersigned Lenders have agreed to make such amendments on the terms and conditions contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;**2.**  **<u>Limited Waiver Amendments</u>** 

<u>Section 1</u> of the Limited Waiver is hereby amended by amending and restating <u>clause (i)</u> of the fifth paragraph thereof to read in its entirety as follows:

"(i) the Borrowers' failure to comply with (a) the Curtailment Covenants for the applicable payments due and owing on the Applicable Curtailment Date occurring on or about August 1, 2025 and September 2, 2025, (b) the Interest Payment Covenant for the Interest Payment Dates occurring on July 31, 2025, August 1, 2025, August 28, 2025 and September 2, 2025 (as applicable) and (c) the Mandatory Prepayment Covenant and the Tulsa Proceeds Covenant with respect the sale of the Tulsa Facility,".

<u>Section 5</u> of the Limited Waiver is hereby amended by deleting "August 22, 2025" in <u>clause (ii)</u> thereof and replacing such with "September 5, 2025".

&nbsp;&nbsp;&nbsp;&nbsp;**3.**  **<u>Conditions Precedent</u>** 

This Agreement shall become effective upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the
 Administrative Agent's receipt of an executed copy of this Agreement duly executed
 by the Loan Parties and the Required Lenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. the
 Borrowers' payment of all outstanding reasonable out-of-pocket expenses of the Administrative
 Agent (including the reasonable and invoiced fees and expenses of Morgan, Lewis & Bockius
 LLP and FTI Consulting, Inc.) that have been presented to the Borrowers for payment.

&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>Miscellaneous</u>** 

This Agreement may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by electronic transmission will be effective as delivery of a manually executed counterpart thereof.

The Loan Parties hereby certify to the Administrative Agent and the Lenders that (i) as of the date hereof, no Default or Event of Default (other than the Specified Defaults) has occurred and is existing under the Credit Agreement or any other Credit Document, (ii) each of the representations and warranties made by any Loan Party in the Credit Documents (other than the Solvency Representation) is true and correct in all material respects on the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date and (iii) except as expressly modified by this Agreement, each Loan Party acknowledges, ratifies, reaffirms, and agrees that each of the Credit Documents (including, without limitation, the Limited Waiver) are and will remain in full force and effect and binding on the Loan Parties and are enforceable in accordance with their respective terms and applicable law.

The Loan Parties acknowledge that this Agreement applies only to the terms and provisions of the Limited Waiver, the Credit Agreement and the other Credit Documents referenced above and shall not be construed to be a consent in connection with, or a waiver or amendment of, any of the other terms and conditions of the Limited Waiver, the Credit Agreement or any of the other Credit Documents.

The agreements contained herein shall not be construed as a consent, waiver or extension of any future violation of the above-referenced provisions or any of the other terms and conditions of the Limited Waiver, the Credit Agreement or any other Credit Documents nor shall the Loan Parties, by receipt of this Agreement, expect that any consent, waiver, forbearance or extension will be given in the future. This Agreement shall be deemed to be a "Credit Document" as such term is defined in the Credit Agreement.

In consideration of the agreements of the Administrative Agent and the Lenders contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of the Loan Parties (collectively, the "<u>Releasors</u>"), on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges the Administrative Agent and each Lender, each of their successors and assigns, each of their respective affiliates, and their respective affiliates' present and former shareholders, members, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (the Administrative Agent, the Lenders and all such other Persons being hereinafter referred to collectively as the "<u>Releasees</u>," and individually as a "<u>Releasee</u>"), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually a "<u>Claim</u>" and collectively, "<u>Claims</u>") of every name and nature, either known or unknown, both at law and in equity, which Releasors, or any of them, or any of their successors, assigns or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the date hereof, including, without limitation, for or on the account of, or in relation to, or in any way in connection with the Credit Agreement, the Limited Waiver, or any of the other Credit Documents or transactions thereunder or related thereto.

<u>Sections 10.19</u>, <u>10.20</u>, <u>10.21</u>, <u>10.22</u> and <u>10.23</u> of the Credit Agreement apply to this Agreement, *mutatis mutandis*.

[Signatures continued on following pages]

**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first written above.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **MANUFACTURERS AND TRADERS TRUST COMPANY**, | **MANUFACTURERS AND TRADERS TRUST COMPANY**, |
| as Administrative Agent and a Lender | as Administrative Agent and a Lender |
| By: | */s/ Shane I. Mitzner* |
| Name: | Shane I. Mitzner |
| Title: | SVP |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE

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| | |
|:---|:---|
| **FLAGSTAR BANK N.A., ASSIGNEE OF FLAGSTAR SPECIALTY FINANCE** **COMPANY, LLC (AS SUCCESSOR IN INTEREST TO NYCB SPECIALTY FINANCE COMPANY, LLC),** | **FLAGSTAR BANK N.A., ASSIGNEE OF FLAGSTAR SPECIALTY FINANCE** **COMPANY, LLC (AS SUCCESSOR IN INTEREST TO NYCB SPECIALTY FINANCE COMPANY, LLC),** |
| as a Lender | as a Lender |
| By: | */s/ Robert L. Marsh* |
| Name: | Robert L. Marsh |
| Title: | Senior Vice President |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE

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| | |
|:---|:---|
| **bmo bank n.a. (as successor in interest to BANK OF THE WEST),** | **bmo bank n.a. (as successor in interest to BANK OF THE WEST),** |
| as a Lender | as a Lender |
| By: | */s/ Brian Hankes* |
| Name: | Brian Hankes |
| Title: | Vice President |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE

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| | |
|:---|:---|
| **huntington national bank**, | **huntington national bank**, |
| as a Lender | as a Lender |
| By: | */s/ Barb Kennedy* |
| Name: | Barb Kennedy |
| Title: | Vice President |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE

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| | |
|:---|:---|
| **rockland trust company**, | **rockland trust company**, |
| as a Lender | as a Lender |
| By: | */s/ Robert Clement* |
| Name: | Robert Clement |
| Title: | Vice President |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE

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| | |
|:---|:---|
| <u>Acknowledged and Agreed</u>: | <u>Acknowledged and Agreed</u>: |
| **LDRV HOLDINGS CORP.** | **LDRV HOLDINGS CORP.** |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |

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| |
|:---|
| **LAZYDAYS RV AMERICA, LLC** |
| **LAZYDAYS RV DISCOUNT, LLC** |
| **LAZYDAYS MILE HI RV, LLC** |
| **LAZYDAYS OF MINNEAPOLIS LLC** |
| **LDRV OF TENNESSEE, LLC** |
| **LDRV OF NASHVILLE, LLC** |
| **LAZYDAYS RV OF CHICAGOLAND, LLC** |
| **LAZYDAYS OF CENTRAL FLORIDA, LLC** |
| **LONE STAR DIVERSIFIED, LLC** |
| **LAZYDAYS RV OF PHOENIX, LLC** |
| **LAZYDAYS RV OF ELKHART, LLC** |
| **LAZYDAYS RV OF OREGON, LLC** |
| **LAZYDAYS RV OF WISCONSIN, LLC** |
| **LAZYDAYS RV OF IOWA, LLC** |
| **LAZYDAYS RV OF OKLAHOMA, LLC** |
| **LD OF LAS VEGAS, LLC** |
| **LAZYDAYS RV OF KNOXVILLE, LLC** |
| **LAZYDAYS RV OF WILMINGTON, LLC** |
| **LAZYDAYS RV OF LONGMONT, LLC** |
| **LDL OF FORT PIERCE, LLC** |
| **LAZYDAYS RV OF ST. GEORGE, LLC** |
| **LAZYDAYS RV OF SURPRISE, LLC** |

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| | |
|:---|:---|
| By: | LDRV Holdings Corp., |
|  | its Manager |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE

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| | |
|:---|:---|
| **<u>GUARANTORS</u>:** | **<u>GUARANTORS</u>:** |
| **LAZYDAYS HOLDINGS, INC.** | **LAZYDAYS HOLDINGS, INC.** |
| **LAZY DAYS' R.V. CENTER, INC.** | **LAZY DAYS' R.V. CENTER, INC.** |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |

---

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| | |
|:---|:---|
| **LAZYDAYS RV OF MARYVILLE, LLC** | **LAZYDAYS RV OF MARYVILLE, LLC** |
| **LAZYDAYS RV OF RENO, LLC** | **LAZYDAYS RV OF RENO, LLC** |
| **LAZYDAYS SUPPORT SERVICES, LLC** | **LAZYDAYS SUPPORT SERVICES, LLC** |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |

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M&T / LAZYDAYS LIMITED WAIVER AMENDMENT <br> SIGNATURE PAGE