# EDGAR Filing Document

**Accession Number:** 0001788717
**File Stem:** 0001788717-23-000004
**Filing Date:** 2023-3
**Character Count:** 8607
**Document Hash:** 5444e0dbed6eae95d8824709ffdedbf7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001788717-23-000004.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001788717-23-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230307

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** F45 Training Holdings Inc.
- **CENTRAL INDEX KEY:** 0001788717
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES [5040]
- **IRS NUMBER:** 383978689
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40590
- **FILM NUMBER:** 23724330

**BUSINESS ADDRESS:**
- **STREET 1:** 236 CALIFORNIA STREET
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
- **BUSINESS PHONE:** 8189628791

**MAIL ADDRESS:**
- **STREET 1:** 236 CALIFORNIA STREET
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245

?xml version="1.0" ? f45-20230307

**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): March 7, 2023**

**F45 Training Holdings Inc.**

(Exact Name of Registrant as Specified in Charter)

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| | | |
|:---|:---|:---|
| **Delaware**<br>**(State or Other Jurisdiction of Incorporation)** | **001-40590**<br>**(Commission File Number)** | **84-2529722**<br>**(I.R.S. Employer Identification No.)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3601 South Congress Avenue, Building E**<br>**Austin, Texas 78704**<br>**(Address of Principal Executive Offices)** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(737) 787-1955**<br>**(Registrant's telephone number, including area code)**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3601 South Congress Avenue, Building E**<br>**Austin, Texas 78704**<br>**(Address of Principal Executive Offices)** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(737) 787-1955**<br>**(Registrant's telephone number, including area code)**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3601 South Congress Avenue, Building E**<br>**Austin, Texas 78704**<br>**(Address of Principal Executive Offices)** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(737) 787-1955**<br>**(Registrant's telephone number, including area code)**  |
| **(Former Name or Former Address, if Changed Since Last Report)** | **(Former Name or Former Address, if Changed Since Last Report)** | **(Former Name or Former Address, if Changed Since Last Report)** |

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|:---|
| 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR § 210.14d-2(b)) |
| Pre-commencement communication 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, par value $0.00005 per share** | **FXLV** | **NYSE** |
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2). | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2). | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2). |

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| | | |
|:---|:---|:---|
| 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 | 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 | 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. | revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | **☐** |

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

On March 7, 2023, F45 Training Holdings Inc. (the "Company") entered into a letter agreement with Ben Coates, Interim Chief Executive Officer of the Company (the "Letter Agreement"), to retroactively extend the term of that certain Employment Agreement by and between the Company and Mr. Coates, dated as of September 20, 2022 (the "Employment Agreement"), previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 22, 2022, through and including the earlier of (i) July 31, 2023 and (ii) Mr. Coates no longer being employed with the Company. The term of the Employment Agreement previously expired on January 31, 2023.

The foregoing summary of the Letter Agreement does not purport to be a complete description of the Letter Agreement and is qualified in its entirety by reference to the full text of the Letter Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | <u>[Letter Agreement, by and between Ben Coates and F45 Training Holdings Inc., dated March 7, 2023.](f45-letterrecoatesemployme.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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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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| | | |
|:---|:---|:---|
| Dated: March 10, 2023 | **F45 Training Holdings Inc.** | **F45 Training Holdings Inc.** |
|  | By: | /s/ Patrick Grosso |
|  |  | Patrick Grosso |
|  |  | Chief Legal Officer |

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## Exhibit 10.1

February 16, 2023

**VIA EMAIL**

Mr. Ben Coates:

Reference is made to that certain Executive Employment Agreement dated as of September 20, 2022 (the "<u>Employment Agreement</u>"), by and between yourself ("<u>You</u>" or "<u>Executive</u>") and F45 Training Holdings, Inc. (the "<u>Company</u>"). Capitalized terms not otherwise defined herein shall have the meanings set forth in the Employment Agreement.

Pursuant to this letter agreement (the "<u>Letter Agreement</u>"), the Term under the Employment Agreement is hereby extended retroactively through and including the earlier of (i) July 31, 2023 and (ii) the Executive no longer being employed with the Company. The Employment Agreement is hereby amended solely (a) to extend the Term as set forth herein, and (b) to amend the term "Agreement" to incorporate this Letter Agreement.

By executing this Letter Agreement, You and the Company reaffirm and incorporate by reference the terms of the Employment Agreement, and acknowledge and agree that the Employment Agreement remains in full force and effect without amendment, other than with respect to the amendments set forth in the immediately preceding paragraph.

Very truly yours,

F45 TRAINING HOLDINGS, INC.

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|:---|
| /s/ Gene Davis |
| By: Gene Davis |
| Its: Chairman of the Board |

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Agreed and acknowledged as of

the date first referenced above:

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| | |
|:---|:---|
| /s/ Ben Coates | March 7, 2023 |
| By: Ben Coates | Date |

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