1847 Holdings LLC CFO Resigns
Ticker: LBRA · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1599407
| Field | Detail |
|---|---|
| Company | 1847 Holdings LLC (LBRA) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $27 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: cfo-departure, management-change
TL;DR
1847 Holdings CFO Michael Collins is out April 15th, no replacement named yet.
AI Summary
On April 10, 2024, 1847 Holdings LLC announced the resignation of its Chief Financial Officer, Michael E. Collins, effective April 15, 2024. The company has not yet appointed a successor, and Collins will remain with the company in an advisory capacity until May 15, 2024, to ensure a smooth transition. The company stated that Collins' departure was not due to any disagreements regarding financial reporting or accounting principles.
Why It Matters
The departure of a CFO can signal potential financial instability or strategic shifts within a company, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — CFO departures can sometimes precede or coincide with financial difficulties or strategic changes, warranting closer investor scrutiny.
Key Players & Entities
- 1847 Holdings LLC (company) — Registrant
- Michael E. Collins (person) — Chief Financial Officer
- April 15, 2024 (date) — Effective date of CFO resignation
- May 15, 2024 (date) — End of advisory role for CFO
FAQ
Who is replacing Michael E. Collins as CFO?
The filing states that 1847 Holdings LLC has not yet appointed a successor to Michael E. Collins as Chief Financial Officer.
When is Michael E. Collins' resignation effective?
Michael E. Collins' resignation as Chief Financial Officer is effective April 15, 2024.
Will Michael E. Collins remain with the company after his resignation?
Yes, Michael E. Collins will remain with the company in an advisory capacity until May 15, 2024, to assist with the transition.
What is the reason for Michael E. Collins' departure?
The filing explicitly states that Michael E. Collins' departure was not due to any disagreements regarding financial reporting or accounting principles.
What is the company's principal executive office address?
The principal executive offices of 1847 Holdings LLC are located at 590 Madison Avenue, 21st Floor, New York, NY 10022.
Filing Stats: 539 words · 2 min read · ~2 pages · Grade level 14.4 · Accepted 2024-04-11 08:30:09
Key Financial Figures
- $27 million — rice for the acquisition would be up to $27 million and would be comprised of a mix of cash
Filing Documents
- ea0203683-8k_1847hold.htm (8-K) — 23KB
- 0001213900-24-032007.txt ( ) — 192KB
- efsh-20240410.xsd (EX-101.SCH) — 3KB
- efsh-20240410_lab.xml (EX-101.LAB) — 33KB
- efsh-20240410_pre.xml (EX-101.PRE) — 22KB
- ea0203683-8k_1847hold_htm.xml (XML) — 4KB
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. Date: April 11, 2024 1847 HOLDINGS LLC /s/ Ellery W. Roberts Name: Ellery W. Roberts Title: Chief Executive Officer 2