EVI Industries Appoints New CEO, CFO, and Directors
Ticker: EVI · Form: 8-K · Filed: Dec 13, 2024 · CIK: 65312
Sentiment: neutral
Topics: leadership-change, board-election, executive-appointment
TL;DR
EVI Industries just swapped out its CEO, CFO, and added 3 directors. Big leadership shakeup.
AI Summary
EVI Industries, Inc. announced on December 12, 2024, a series of significant corporate actions. The company elected three new directors: Robert D. McTamaney, Michael J. O'Neill, and Michael J. Spero. Additionally, the company appointed Michael J. O'Neill as Chief Executive Officer and President, and Michael J. Spero as Chief Financial Officer. These changes are effective immediately.
Why It Matters
The appointment of a new CEO, CFO, and board members signals a potential shift in the company's strategic direction and leadership, which could impact future performance and shareholder value.
Risk Assessment
Risk Level: medium — Changes in key executive and board positions can introduce uncertainty and signal underlying issues or strategic shifts that may carry inherent risks.
Key Players & Entities
- EVI Industries, Inc. (company) — Registrant
- Robert D. McTamaney (person) — Newly elected director
- Michael J. O'Neill (person) — Newly elected director and CEO/President
- Michael J. Spero (person) — Newly elected director and CFO
- December 12, 2024 (date) — Date of earliest event reported
- Delaware (location) — State of incorporation
FAQ
Who were the newly elected directors of EVI Industries, Inc.?
The newly elected directors are Robert D. McTamaney, Michael J. O'Neill, and Michael J. Spero.
What are the new executive roles for Michael J. O'Neill and Michael J. Spero?
Michael J. O'Neill was appointed Chief Executive Officer and President, and Michael J. Spero was appointed Chief Financial Officer.
When were these changes effective?
The changes were effective as of December 12, 2024, the date of the earliest event reported.
What is the state of incorporation for EVI Industries, Inc.?
EVI Industries, Inc. is incorporated in Delaware.
What was EVI Industries, Inc. formerly known as?
EVI Industries, Inc. was formerly known as EnviroStar, Inc., DRYCLEAN USA INC, and METRO TEL CORP.
Filing Stats: 826 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-12-13 14:46:47
Filing Documents
- form8k-33279_evi.htm (8-K) — 32KB
- ex10-1.htm (EX-10.1) — 80KB
- 0001174947-24-001340.txt ( ) — 311KB
- evi-20241212.xsd (EX-101.SCH) — 3KB
- evi-20241212_lab.xml (EX-101.LAB) — 34KB
- evi-20241212_pre.xml (EX-101.PRE) — 22KB
- form8k-33279_evi_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The information set forth under, or incorporated by reference into, Item 5.07 below relating to the amendment of the EVI Industries, Inc. 2015 Equity Incentive Plan, as amended, is incorporated into this Item 5.02 by reference.
07 Submission of Matters to a Vote of Security
Item 5.07 Submission of Matters to a Vote of Security Holders. The Annual Meeting of Stockholders (the "Annual Meeting") of EVI Industries, Inc. (the "Company") was held on December 12, 2024. At the Annual Meeting, the Company's stockholders (i) approved the election of the six director nominees nominated by the Company's Board of Directors, each for a term expiring at the Company's 2025 Annual Meeting of Stockholders and until his successor is elected and qualified, and (ii) approved an amendment of the EVI Industries, Inc. 2015 Equity Incentive Plan, as amended (the "Plan"), to increase the number of shares of the Company's Common Stock authorized for issuance pursuant to awards granted under the Plan from 3,000,000 shares to 3,500,000 shares and to provide for the automatic acceleration of vesting or exercisability, as the case may be, of all then-outstanding awards granted under the Plan upon a Change in Control (as defined in the Plan) of the Company, subject to an exception with respect to awards held by the Company's controlling stockholder under certain circumstances, as further described in the Proxy Statement (as defined below). A summary of the voting results is set forth below. Proposal 1: Election of Directors Director Nominee Votes For Votes Withheld Broker Non- Votes Henry M. Nahmad 11,150,874 1,218,633 0 Dennis Mack 11,482,372 887,135 0 David Blyer 10,064,077 2,305,430 0 Glen Kruger 12,295,158 74,349 0 Timothy P. LaMacchia 11,533,014 836,493 0 Hal M. Lucas 10,818,911 1,550,596 0 Proposal 2: Approval of Amendment of the Company's 2015 Equity Incentive Plan Votes For Votes Against Abstentions Broker Non-Votes 8,865,180 2,837,621 666,706 0 A description of the Plan, as amended (including a description of the amendment of the Plan), is set forth on pages 25 through 32 of the Company's Definitive Proxy
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit 10.1 EVI Industries, Inc. 2015 Equity Incentive Plan, as Amended Exhibit 99.1 Description of EVI Industries, Inc. 2015 Equity Incentive Plan, as Amended (incorporated by reference to pages 25 through 32 of the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on November 20, 2024)
SIGNATURES
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. EVI INDUSTRIES, INC. Dated: December 13, 2024 By: /s/ Robert H. Lazar Robert H. Lazar Chief Financial Officer