Live Ventures (NASDAQ: LIVE) extends Vintage Stock CEO deal with $250k bonus
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Live Ventures Incorporated reported that its indirect, wholly owned subsidiary, Vintage Stock Inc., has entered into a Third Amendment to the Employment Agreement with Rodney Spriggs, President and Chief Executive Officer of Vintage Stock, effective March 31, 2026.
The amendment extends Mr. Spriggs’ employment term by two years to March 31, 2028, unless ended earlier under the agreement. It also grants a one-time cash bonus of $250,000, payable on or before April 14, 2026, and provides an additional 80 hours of paid time off per calendar year on top of existing entitlements.
All other provisions of the prior Employment Agreement remain unchanged. The full text of the Third Amendment is included as an exhibit to this report.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
One-time cash bonus: $250,000
Extended employment term end date: March 31, 2028
Additional annual paid time off: 80 hours per calendar year
3 metrics
One-time cash bonus
$250,000
Bonus to Rodney Spriggs payable on or before April 14, 2026
Extended employment term end date
March 31, 2028
New termination date for Rodney Spriggs’ Employment Agreement
Additional annual paid time off
80 hours per calendar year
Incremental PTO granted to Rodney Spriggs under Third Amendment
Key Terms
Third Amendment, Employment Agreement, wholly-owned subsidiary, paid time off
4 terms
Third Amendment regulatory
"Vintage Stock Inc. entered into a Third Amendment to the Employment Agreement"
Employment Agreement financial
"Third Amendment to the Employment Agreement, as previously amended"
wholly-owned subsidiary financial
"Vintage Stock Inc., an indirect, wholly-owned subsidiary of the Company"
A wholly-owned subsidiary is a company whose entire ownership is held by another company, called the parent, so the parent controls all shares, board appointments and major decisions. For investors this matters because the subsidiary’s profits, losses, assets and liabilities are treated as part of the parent’s financial picture, affecting valuation and risk exposure — imagine a parent owning a single storefront outright and consolidating its receipts and bills into the parent’s books.
paid time off financial
"an incremental 80 hours of paid time off per calendar year to Mr. Spriggs"
FAQ
What executive employment change did Live Ventures (LIVE) disclose?
Live Ventures disclosed a Third Amendment to the employment agreement of Rodney Spriggs, President and CEO of Vintage Stock Inc. The amendment extends his term, adds a one-time cash bonus, and increases his annual paid time off, while keeping other agreement terms unchanged.
How long is Rodney Spriggs’ employment with Vintage Stock now extended?
The employment term is extended to March 31, 2028. The Third Amendment adds a two-year extension to Rodney Spriggs’ existing agreement, subject to earlier termination under its terms or further extension as may be provided in the contract.
What cash bonus is granted to Rodney Spriggs under the new amendment?
Rodney Spriggs will receive a one-time $250,000 cash bonus. The bonus is required to be paid on or before April 14, 2026, as part of the Third Amendment to his employment agreement with Vintage Stock Inc., a Live Ventures subsidiary.
How does the amendment affect Rodney Spriggs’ paid time off benefits?
The amendment grants an additional 80 hours of paid time off per year. This incremental PTO is on top of any paid time off or vacation already provided under the existing Employment Agreement or applicable company policies for Rodney Spriggs.
Does the Third Amendment change other terms of Rodney Spriggs’ Employment Agreement with Live Ventures’ subsidiary?
No other provisions are changed by this amendment. Aside from the two-year term extension, the $250,000 bonus, and added 80 hours of annual PTO, all other terms of the existing Employment Agreement remain in full force and effect.