# EDGAR Filing Document

**Accession Number:** 0001822928
**File Stem:** 0001628280-25-056578
**Filing Date:** 2025-12
**Character Count:** 8529
**Document Hash:** 0071bfcbcd100c86e1188740e71ece84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-056578.hdr.sgml**: 20251211

**ACCESSION NUMBER**: 0001628280-25-056578

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251210

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

**FILED AS OF DATE**: 20251211

**DATE AS OF CHANGE**: 20251211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Holley Inc.
- **CENTRAL INDEX KEY:** 0001822928
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39599
- **FILM NUMBER:** 251565776

**BUSINESS ADDRESS:**
- **STREET 1:** 2445 NASHVILLE ROAD
- **STREET 2:** SUITE B1
- **CITY:** BOWLING GREEN
- **STATE:** KY
- **ZIP:** 42101
- **BUSINESS PHONE:** 2124971400

**MAIL ADDRESS:**
- **STREET 1:** 2445 NASHVILLE ROAD
- **STREET 2:** SUITE B1
- **CITY:** BOWLING GREEN
- **STATE:** KY
- **ZIP:** 42101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empower Ltd.
- **DATE OF NAME CHANGE:** 20200828

?xml version='1.0' encoding='ASCII'? hlly-20251210

**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): December 10, 2025**

**HOLLEY INC.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39599** | **87-1727560** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **2445 Nashville Road, Suite B1, Bowling Green, KY** | **42101** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**(270) 782-2900**

**(Registrant's telephone number, including area code)**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K 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 Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| **Common stock, par value $0.0001 per share** | **HLLY** | **New York Stock Exchange** |
| **Warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share** | **HLLY WS** | **New York Stock Exchange** |

---

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. □

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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.**

*Amendment of Employment Agreement*

On December 10, 2025, Holley Inc. (the "Company") entered into an amendment to the employment agreement with Matthew Stevenson, President and Chief Executive Officer of the Company, dated as of May 13, 2023.

The amendment to Mr. Stevenson's employment agreement provides that, effective January 1, 2026, Mr. Stevenson's annual base salary will increase from $700,000 to $800,000, and that his base salary will be subject to annual review by the Company's board of directors (or a committee thereof) and may be increased from time to time. In addition, the amendment to Mr. Stevenson's employment agreement also provides that, commencing in 2026, on the first date annual incentive equity awards are granted to similarly situated executives and subject to the terms of the Company's 2021 Omnibus Incentive Plan and the approval of the compensation committee of the Company's board of directors, Mr. Stevenson will be eligible to receive annual equity-based incentive compensation in the amount of three-and-a-half times his then-base salary.

The foregoing description of the amendment to Mr. Stevenson's employment agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the amendment attached as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

**(d) Exhibits**

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| <u>[10.1](stevensonemploymentagreeme.htm)</u> | First Amendment to the Employment Agreement, dated December 10, 2025, by and between the Company and Matthew Stevenson. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |

---

------

**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.

---

| | | |
|:---|:---|:---|
| | **HOLLEY INC.** | **HOLLEY INC.** |
| | By: | /s/ Jesse Weaver |
| | | Name: Jesse Weaver |
| Date: December 11, 2025 |  | Title: Chief Financial Officer |

---

## Exhibit 10.1

**<u>EMPLOYMENT AGREEMENT</u>**

THIS FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (the "**First Amendment**") is made and entered into as of this 10th day of December, 2025, by and among Matthew Stevenson, (the "**Executive**") and Holley Inc. (the "**Company**").

WHEREAS, the Company and Executive are parties to the Employment Agreement dated May 13, 2023 (the "**Agreement**"); and

WHEREAS, the parties desire to amend the Agreement as set forth herein.

NOW THEREFORE, the parties agree to amend the Agreement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Effective January 1, 2026, Section 3(a) is amended to read as follows:

"(a)**&nbsp;&nbsp;&nbsp;&nbsp;BASE SALARY.** During the Employment Term, the Company agrees to pay Executive a base salary at an annual rate of $800,000, payable in accordance with the regular payroll practices of the Company. Executive's base salary shall be subject to annual review by the Board (or a committee thereof), and may be increased from time to time by the Board. The base salary as determined herein and adjusted from time to time shall constitute "<u>Base Salary</u>" for purposes of this Agreement."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Effective January 1, 2026, Section 3(d) is amended to read as follows:

"(d)**&nbsp;&nbsp;&nbsp;&nbsp;ANNUAL EQUITY AWARD**. Commencing in 2026 on the first date annual incentive equity awards are granted to similarly situated executives and subject to the terms of the 2021 Plan and the approval of the Compensation Committee of the Board, Executive will also be eligible to receive annual grants of equity-based incentive compensation in the amount of three-and-a-half-times Executive's then-base salary."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.All other terms of the Employment Agreement remain in full force and effect.

IN WITNESS WHEREOF, the parties have voluntarily signed this First Amendment to the Employment Agreement on the date set forth above.

**EXECUTIVE**

<u>/s/ Matthew Stevenson&nbsp;&nbsp;&nbsp;&nbsp;</u>

Matthew Stevenson

**HOLLEY INC.**

------

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Matthew Rubel&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name:&nbsp;&nbsp;&nbsp;&nbsp;Matthew Rubel<br>Title: Chairman of the Board

<br>