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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 14, 2026
| MASSIMO
GROUP |
| (Exact
name of registrant as specified in its charter) |
| Nevada |
|
001-41994 |
|
92-0790263 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
3101
W Miller Road
Garland,
TX |
|
75041 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: 866-403-5272
| Not
applicable |
| (Former
name or former address, if changed since last report) |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock, par value $0.001 per share |
|
MAMO |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Departure
of Chief Executive Officer
On
April 14, 2026, Mr. David Shan ceased to serve as Chief Executive Officer of Massimo Group (“the Company”) but will retain
the role as executive chairman of the board of director of the Company. In his capacity as executive chairman, Mr. Shan will remain an
employee of the Company with no change to his existing compensation arrangements and will provide strategic oversight and support to
the Company’s executive leadership.
Appointment
of New Chief Executive Officer
Effective
April 14, 2026, Mr. Quenton Petersen, the Company’s current Vice
President, was appointed to the position of Chief Executive Officer of the Company. Mr. Petersen
will also continue to serve as Vice President of the Company.
Quenton
Petersen, age 36, has served as Vice President of the Company since March 1, 2025, where he has led the Company’s commercial strategy,
including sales, marketing, and channel expansion across dealer, retail, and e-commerce platforms. Mr. Petersen joined Massimo Motor
Sports in March 2018 and
has held roles of increasing responsibility, including Sales and Marketing Manager and Director of Sales, prior to his appointment as
Vice President. Over his tenure, he has been instrumental in expanding the Company’s distribution footprint, strengthening relationships
with major national and regional partners, and driving revenue growth across multiple channels. He has also played a key role in aligning
sales execution with operational capabilities, contributing to improved inventory movement and overall channel performance. Prior to
joining Massimo Motor Sports, Mr. Petersen served as Manager at Flow Wall from 2011 to 2016, where he led national retail expansion initiatives
and developed strategic partnerships with leading retailers, including The Home Depot, Costco, and Amazon, supporting the company’s
growth across both big-box retail and e-commerce channels. Mr. Petersen studied accounting and business management at Dixie State University.
Mr.
Petersen brings over 15 years of experience in sales leadership, retail channel development, and operational execution, with a track
record of scaling distribution and driving growth across both e-commerce and brick-and-mortar platforms.
Mr.
Petersen is not party to any related party transactions for which disclosure would be required
pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Petersen and
any director or executive officer of the Company. In connection with his appointment as Chief Executive Officer of the Company, there
are no new or amended compensatory arrangements with Mr. Petersen. The board of director or its compensation committee may from time
to time consider discretionary performance-based or milestone-based bonus awards for Mr. Petersen in accordance with the Company’s
compensation practices, however, no such awards have been approved in connection with his appointment at this time.
Item
7.01 Regulation FD Disclosure.
On
April 20, 2026, the Company announced the appointment of Mr. Quenton Petersen to the position of Chief Executive Officer of the Company
and that Mr. David Shan would cease to serve as Chief Executive Officer of the Company, but will retain the role as executive chairman
of the Company.
A
copy of the Company’s press release announcing these changes is furnished as Exhibit 99.1 to this Form 8-K.
The
information set forth under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless
expressly incorporated by specific reference in such filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
| Exhibit
No. |
|
Description |
| |
|
|
| 99.1 |
|
Press Release dated April 20, 2026 |
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| Dated:
April 20, 2026 |
MASSIMO
GROUP |
| |
|
|
| |
By: |
/s/
David Shan |
| |
Name: |
David
Shan |
| |
Title: |
Chief
Executive Officer |
Exhibit
99.1
Massimo
Group Announces CEO Appointment and Executive Chairman Transition
Garland,
TX — April 20, 2026 — Massimo Group (NASDAQ: MAMO) today announced the appointment of Quenton Petersen as Chief Executive
Officer, effective April 14, 2026. David Shan will transition to Executive Chairman and remain actively involved in the Company’s
strategic direction and operations.
Mr.
Petersen has been with Massimo Group for over nine years and has played a key role in the Company’s growth and development. “I’m
honored to step into the CEO role at a pivotal time for Massimo Group,” said Quenton Petersen. “Over the past nine years,
I’ve seen firsthand the strength of our manufacturing capabilities and our platform across utility vehicles and electric mobility.
As
the industry evolves, we are seeing growing demand for more intelligent, application-driven solutions, and we believe our existing product
lines provide a strong foundation to explore the integration of advanced technologies, including AI-enabled features.
We
plan to evaluate opportunities to expand these platforms into additional use cases, such as facility operations support and smart mobility
applications, while taking a disciplined and measured approach. I look forward to working with our team to build on our strengths and
continue advancing the business over time.”
“Quenton
has been instrumental to Massimo’s success, and I have full confidence in his leadership,” said David Shan. “I look
forward to continuing to work closely with him and the team as Executive Chairman.”
About
Massimo Group
Massimo
Group is a U.S.-based provider of utility-focused powersports and recreational vehicles, serving agricultural, commercial, and recreational
customers through a nationwide distribution network. Its product portfolio includes UTVs, ATVs, electric golf carts, scooters, and pontoon
boats. Massimo Group is a technology-driven company focused on building scalable platforms across mobility, equipment, and emerging intelligent
automation applications. MAMO continues to evaluate strategic opportunities to enhance its long-term growth through product innovation,
commercialization, intelligent equipment upgrades, and operational expansion.
