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

Employment Agreement with Robert T. DeVincenzi

In connection with his appointment as the interim Chief Executive Officer of Lazydays Holdings, Inc. (the "Company"), Mr. DeVincenzi and the Company entered into an employment agreement, dated January 3, 2022 (the "Employment Agreement").

Under the terms of the Employment Agreement, Mr. DeVincenzi is entitled to receive a monthly base salary of $37,500 and a one-time transition payment of $25,000. Additionally, Mr. DeVincenzi was granted an option to purchase 25,032 shares of common stock at an exercise price of $30.00 (the "Option Award") under the Company's 2018 Long Term Incentive Plan (the "Plan"), as well as a one-time restricted stock unit award under the Plan of 10,613 restricted stock units (the "RSU Award"). The RSU Award and Option Award each become vested on December 31, 2022, provided that Mr. DeVincenzi remains employed by the Company or on the Company's Board of Directors, in each case, from the grant date of each such award through December 31, 2022.

Pursuant to the terms of the Employment Agreement, Mr. DeVincenzi's employment may be terminated at any time by the Company or Mr. DeVincenzi.

The above description of the Employment Agreement is not complete and is qualified in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Form 8-K by reference.

Item 9.01 Financial Statements and Exhibits





(d) Exhibits



Exhibit No.   Description

10.1            Employment Agreement, dated January 3, 2022

104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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