Filing Analysis
Live Ventures Incorporated announced that a U.S. District Court has dismissed all claims against the Company and dismissed the Company as a defendant in an SEC enforcement action. Individually, CEO Jon Isaac entered a consent judgment involving a $175,000 civil penalty without admitting wrongdoing.
🚩 Red Flags
- Individual civil penalty of $175,000 paid by the CEO related to SEC enforcement action.
📋 Key Facts
- U.S. District Court for the District of Nevada dismissed all claims against Live Ventures Incorporated.
- The Company has been dismissed as a defendant in Case No. 2:21-cv-01433-JCM-MDC.
- CEO Jon Isaac entered a consent judgment to resolve individual claims.
- The settlement for Mr. Isaac includes a $175,000 civil penalty.
- Mr. Isaac admits no wrongdoing and denies the SEC's allegations.
Live Ventures Incorporated has filed an 8-K to announce its financial results for the fiscal second quarter ended June 30, 2026. The filing serves as a formal announcement of the earnings release issued on August 13, 2026.
📋 Key Facts
- Report date: August 13, 2026
- Reporting period: Fiscal second quarter ended June 30, 2026
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Financial results were released via press release dated August 13, 2026
Live Ventures Incorporated held its Annual Meeting of Stockholders on June 25, 2026. The meeting resulted in the election of five directors and the ratification of Frazier & Deeter, LLC as the independent accounting firm.
📋 Key Facts
- Annual Meeting held on June 25, 2026.
- Five directors elected: Jon Isaac, Tony Isaac, Greg LeClaire, Dennis (De) Gao, and Tyler Sickmeyer.
- Frazier & Deeter, LLC ratified as the independent accounting firm for the fiscal year ending September 30, 2026.
- Voting results disclosed for both director elections and auditor ratification.
Live Ventures Incorporated announced its financial results for the fiscal second quarter ended March 31, 2026. The results were furnished via a press release as part of a routine quarterly earnings disclosure.
📋 Key Facts
- The filing reports financial results for the fiscal second quarter ended March 31, 2026.
- The report was filed on May 14, 2026, under Item 2.02 Results of Operations and Financial Condition.
- The press release is furnished as Exhibit 99.1 and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- The filing was signed by CEO Jon Isaac.
Live Ventures Inc. announced a contract extension and compensation update for Rodney Spriggs, the CEO of its subsidiary Vintage Stock Inc. The amendment extends his term to 2028 and includes a $250,000 bonus.
📋 Key Facts
- Rodney Spriggs' employment agreement extended by two years to March 31, 2028.
- A one-time cash bonus of $250,000 is to be paid on or before April 14, 2026.
- Mr. Spriggs will receive an additional 80 hours of paid time off per calendar year.
- The agreement is with Vintage Stock Inc., a wholly-owned subsidiary of Live Ventures.
Live Ventures Incorporated filed an 8-K to furnish its press release announcing financial results for the fiscal first quarter ended December 31, 2025.
📋 Key Facts
- Report date: February 12, 2026
- Reporting period: Fiscal first quarter ended December 31, 2025
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Information is furnished but not 'filed' for purposes of Section 18 liability
Live Ventures Incorporated filed an 8-K to furnish its financial results for the fiscal year ended September 30, 2025. The filing serves as a formal announcement of the company's annual earnings via a press release.
📋 Key Facts
- The report was filed on December 11, 2025.
- The filing pertains to fiscal year results ended September 30, 2025.
- Financial results were released via Exhibit 99.1 (Press Release).
- The company is listed on the NASDAQ Stock Market under ticker LIVE.
Live Ventures Incorporated filed an 8-K to furnish its financial results for the fiscal first quarter ended June 30, 2025. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Report date: August 7, 2025
- Reporting period: Fiscal first quarter ended June 30, 2025
- The filing includes Exhibit 99.1 containing the earnings press release
- The information is furnished under Item 2.02 and not 'filed' for liability purposes under Section 18
Live Ventures Inc. announced the passing of long-standing Board member Richard D. Butler, Jr., and the immediate appointment of Greg LeClaire to fill the vacancy. Mr. LeClaire is an experienced finance professional who qualifies as an audit committee financial expert.
🚩 Red Flags
- Loss of a long-tenured director (19 years) can impact institutional knowledge and board continuity.
📋 Key Facts
- Richard D. Butler, Jr. passed away on June 27, 2025; he served on the Board for approximately 19 years (since 2006).
- Greg LeClaire was elected to the Board effective July 2, 2025.
- Mr. LeClaire is designated as an independent director and an 'audit committee financial expert' under SEC/NASDAQ rules.
- Mr. LeClaire has previously served as a director of the Company from May 2008 through January 2014.
- Compensation for Mr. LeClaire will be consistent with non-employee directors as per the company's Definitive Proxy Statement filed on May 21, 2025.
Live Ventures Incorporated held its Annual Meeting of Stockholders on June 26, 2025. The filing reports the results of stockholder votes regarding director elections, auditor ratification, and advisory votes on executive compensation.
📋 Key Facts
- Annual Meeting held on June 26, 2025.
- Five directors were elected: Jon Isaac, Tony Isaac, Richard D. Butler, Jr., Dennis (De) Gao, and Tyler Sickmeyer.
- Stockholders ratified Frazier & Deeter, LLC as the independent accounting firm for the fiscal year ending September 30, 2025.
- Non-binding advisory vote approved executive compensation for certain officers.
- Non-binding advisory vote approved a three-year frequency for future executive compensation votes.
Live Ventures Incorporated filed an 8-K to announce its financial results for the fiscal first quarter ended March 31, 2025. The filing serves as a formal notification of the release of quarterly earnings via press release.
📋 Key Facts
- Reported date of earliest event: May 8, 2025
- Fiscal period covered: First quarter ended March 31, 2025
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Information in the press release is furnished but not 'filed' for purposes of Section 18 liability.
Live Ventures Inc. entered into a Memorandum of Understanding (MOU) to amend terms related to its previous acquisition of Flooring Liquidators, involving significant debt restructuring and employment changes for Stephen J. Kellogg.
🚩 Red Flags
- Significant debt restructuring involving an insider/related party (Kellogg Trusts).
- Conditional debt increase: A default triggers a $19 million principal spike, creating high volatility in the company's liability profile.
- Potential for significant cash outflow via a $5 million performance bonus tied to EBITDA targets.
- Employment terms allow termination only 'for Cause', providing limited control over executive separation.
📋 Key Facts
- On February 25, 2025, Parent entered into an MOU with Stephen J. Kellogg and several family trusts (SJK Trust, KK Trust, AK Trust, Kellogg NING).
- The aggregate outstanding principal of the Note was reduced from $34 million to $15 million as a purchase price adjustment.
- A 'clawback' provision exists: if an Event of Default occurs or payments are missed, the principal balance increases by $19 million, with interest accruing from Jan 1, 2025.
- Stephen J. Kellogg’s role is revised to Founder and Vice President (part-time) with a $300,000 annual salary.
- Kellogg is eligible for a potential $5 million performance bonus if Buyer achieves adjusted EBITDA of at least $10 million in any 3 of the next 5 fiscal years.
- The employment agreement term ends February 25, 2028, with a possible 2-year extension if the Note remains unpaid.
Live Ventures Incorporated filed an 8-K to furnish its financial results for the fiscal first quarter ended December 31, 2024. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Report date: February 6, 2025
- Reporting period: Fiscal first quarter ended December 31, 2024
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Financial results were released via press release dated February 6, 2025 (Exhibit 99.1)
Live Ventures Incorporated issued an 8-K to announce its financial results for the fiscal year ended September 30, 2024. The filing serves as a formal notice that a press release containing these results was issued on December 12, 2024.
📋 Key Facts
- Report date: December 12, 2024
- Fiscal year end reported: September 30, 2024
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Information is furnished but not 'filed' for purposes of Section 18 liability
Live Ventures Incorporated filed an 8-K to furnish its press release announcing financial results for the fiscal third quarter ended June 30, 2024.
📋 Key Facts
- Report date: August 8, 2024
- Reporting period: Fiscal third quarter ended June 30, 2024
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Information provided in Exhibit 99.1 is furnished but not 'filed' for purposes of Section 18 liability.
Live Ventures Incorporated held its Annual Meeting of Stockholders on June 27, 2024. The meeting resulted in the election of five directors and the ratification of Frazier & Deeter, LLC as the independent accounting firm.
📋 Key Facts
- Annual Meeting held on June 27, 2024.
- Five directors elected: Jon Isaac, Tony Isaac, Richard D. Butler, Jr., Dennis (De) Gao, and Tyler Sickmeyer.
- Frazier & Deeter, LLC ratified as independent accounting firm for the fiscal year ending September 30, 2024.
- Proposal No. 1 saw significant votes in favor for all director nominees.
Live Ventures Incorporated announced the adoption of a new stock repurchase program on June 3, 2024. The program authorizes the company to repurchase up to $10 million in common stock through May 31, 2025.
📋 Key Facts
- Board of Directors adopted a new stock repurchase program on June 3, 2024.
- Authorization amount: up to $10 million of currently outstanding common stock.
- Program expiration date: May 31, 2025 (unless extended, canceled, or modified).
- Repurchases will be funded via cash on hand and cash generated from operations.
- Transactions will comply with Rule 10b-18 of the Exchange Act.
Live Ventures Incorporated announced the acquisition of Central Steel Fabricators, LLC, a Chicago-based manufacturer specializing in fabricated metal products. The announcement was made via press release on May 17, 2024.
📋 Key Facts
- Acquisition target: Central Steel Fabricators, LLC
- Target location: Chicago, IL
- Nature of business: Manufacturer of specialized fabricated metal products
- Announcement date: May 17, 2024
Live Ventures Incorporated filed an 8-K to furnish its press release regarding financial results for the fiscal second quarter ended March 31, 2024.
📋 Key Facts
- Report date: May 13, 2024
- Reporting period: Fiscal second quarter ended March 31, 2024
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Information is furnished but not 'filed' for purposes of Section 18 liability
Live Ventures Inc. entered into a Cooperation Agreement with LL Flooring Holdings, Inc. and Isaac Capital Group LLC to withdraw a board nomination proxy fight. The agreement includes potential board seat expansion and appointment rights if certain acquisition or transaction conditions are not met.
🚩 Red Flags
- Related-party involvement: The CEO (Jon Isaac) controls 49% of the company through ICG, which is a primary party to this material cooperation agreement.
- Potential for board control shifts/activism: The structure of the agreement suggests an ongoing or potential proxy contest regarding LL Flooring.
📋 Key Facts
- Agreement dated April 29, 2024, between Live Ventures Inc., Isaac Capital Group LLC (ICG), and LL Flooring Holdings, Inc.
- Live Parties (including CEO Jon Isaac via ICG) control ~49.0% of Live Ventures' voting power.
- The agreement involves the withdrawal of a notice to nominate three individuals to the LL Flooring board for the 2024 annual meeting.
- If no acquisition or extraordinary transaction occurs within the Cooperation Period, LL Flooring must increase its board size by one and appoint an independent director selected by Live Parties.
- Includes customary standstill restrictions, voting commitments, and mutual non-disparagement provisions.
Live Ventures Incorporated announced that Chief Operating Officer Eric Althofer will resign from his role effective May 3, 2024. However, he is not leaving the company entirely and will continue as Managing Director (Finance) and a strategic advisor.
🚩 Red Flags
- Departure of a C-suite officer (COO), though mitigated by his continued employment in a finance leadership role.
📋 Key Facts
- Eric Althofer provided written notice of intent to resign as COO on April 10, 2024.
- The resignation from the COO position is effective May 3, 2024.
- Mr. Althofer will remain with the company in a new capacity: Managing Director (Finance) and strategic advisor.
Live Ventures Incorporated filed an 8-K to furnish its press release announcing financial results for the fiscal first quarter ended December 31, 2023.
📋 Key Facts
- Report date: February 8, 2024
- Reporting period: Fiscal first quarter ended December 31, 2023
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Information in the press release is furnished but not 'filed' for purposes of Section 18 liability
Live Ventures Inc. announced an amendment to the employment agreement of Thomas Sedlak, CEO of its subsidiary Precision Industries, Inc., reflecting increased responsibilities in the Steel Manufacturing Segment.
📋 Key Facts
- Effective October 1, 2023, Thomas Sedlak's annual base salary increased to $475,000.
- Employment agreement term extended through September 30, 2027.
- Bonus structure modified: up to 100% of base salary, with 75% tied to EBITDA targets and 25% determined by the Compensation Committee.