STOCK TITAN

[8-K] Massimo Group Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 4 filing summary for Taylor Morrison Home Corp. (TMHC): Director Christopher J. Yip reported the acquisition of 387 deferred stock units (DSUs) on 06/30/2025. Each DSU is economically equivalent to one share of TMHC common stock and was received under the company’s Non-Employee Director Deferred Compensation Plan as an election to defer cash retainer and committee fees. The transaction is coded “A,” signifying an award and not an open-market purchase.

After the transaction, Yip’s aggregate holding stands at 14,664 DSUs. The units will settle in common shares upon the earlier of (i) 01-Sep-2027, (ii) the director’s separation from the board, or (iii) a change of control. No common-stock sales or purchases were reported, and no cash price was involved.

The award is relatively small in size and routine in nature, providing limited insights into the company’s near-term fundamentals or insider sentiment beyond ongoing board-level equity alignment.

Riepilogo della dichiarazione Modulo 4 per Taylor Morrison Home Corp. (TMHC): Il direttore Christopher J. Yip ha segnalato l'acquisizione di 387 unità azionarie differite (DSU) il 30/06/2025. Ogni DSU equivale economicamente a una azione ordinaria TMHC ed è stata ricevuta nell'ambito del Piano di Compensazione Differita per Direttori Non Dipendenti della società, come scelta di differire il compenso in contanti per il mandato e le commissioni del comitato. La transazione è classificata con il codice “A”, che indica un premio e non un acquisto sul mercato aperto.

Dopo la transazione, la detenzione complessiva di Yip ammonta a 14.664 DSU. Le unità saranno convertite in azioni ordinarie al verificarsi della prima tra (i) 01-set-2027, (ii) la separazione del direttore dal consiglio, o (iii) un cambio di controllo. Non sono state segnalate vendite o acquisti di azioni ordinarie e non è stato coinvolto alcun prezzo in contanti.

Il premio è di dimensioni relativamente contenute e di natura routinaria, offrendo informazioni limitate sui fondamentali a breve termine della società o sul sentimento degli insider, oltre al continuo allineamento azionario a livello di consiglio.

Resumen de presentación del Formulario 4 para Taylor Morrison Home Corp. (TMHC): El director Christopher J. Yip informó la adquisición de 387 unidades diferidas de acciones (DSU) el 30/06/2025. Cada DSU es económicamente equivalente a una acción ordinaria de TMHC y se recibió bajo el Plan de Compensación Diferida para Directores No Empleados de la empresa como una elección para diferir el pago en efectivo por retenciones y honorarios de comités. La transacción está codificada como “A”, lo que indica un premio y no una compra en el mercado abierto.

Después de la transacción, la tenencia agregada de Yip es de 14,664 DSU. Las unidades se liquidarán en acciones ordinarias al ocurrir lo primero entre (i) 01-sep-2027, (ii) la separación del director de la junta, o (iii) un cambio de control. No se reportaron ventas ni compras de acciones ordinarias y no hubo involucramiento de precio en efectivo.

El premio es relativamente pequeño y de naturaleza rutinaria, proporcionando información limitada sobre los fundamentos a corto plazo de la empresa o el sentimiento interno más allá del alineamiento continuo de capital a nivel del consejo.

Taylor Morrison Home Corp. (TMHC)의 Form 4 제출 요약: 이사 Christopher J. Yip가 2025년 6월 30일에 387개의 이연 주식 단위(DSU)를 취득했다고 보고했습니다. 각 DSU는 TMHC 보통주 1주와 경제적으로 동일하며, 현금 보수 및 위원회 수수료를 이연하기 위한 선택으로 회사의 비임원 이사 이연 보상 계획에 따라 수령되었습니다. 거래는 공개 시장 구매가 아닌 상여를 의미하는 “A” 코드로 분류되었습니다.

거래 후 Yip의 총 보유량은 14,664 DSU입니다. 이 단위들은 (i) 2027년 9월 1일, (ii) 이사의 이사회 퇴임, 또는 (iii) 경영권 변경 중 빠른 시점에 보통주로 정산됩니다. 보통주 매매는 보고되지 않았으며 현금 가격도 포함되지 않았습니다.

상여는 상대적으로 규모가 작고 일상적인 성격으로, 단기적인 회사 펀더멘털이나 내부자 심리에 대한 통찰력은 제한적이며, 이사회 수준에서의 지속적인 주식 정렬을 반영합니다.

Résumé du dépôt du formulaire 4 pour Taylor Morrison Home Corp. (TMHC) : Le directeur Christopher J. Yip a déclaré l'acquisition de 387 unités d'actions différées (DSU) le 30/06/2025. Chaque DSU équivaut économiquement à une action ordinaire TMHC et a été reçue dans le cadre du Plan de rémunération différée des administrateurs non salariés de la société, en choisissant de différer la rémunération en espèces pour les honoraires de retenue et de comité. La transaction est codée « A », ce qui signifie une attribution et non un achat sur le marché ouvert.

Après la transaction, la détention totale de Yip s'élève à 14 664 DSU. Les unités seront réglées en actions ordinaires à la première occurrence de (i) 01-sept-2027, (ii) la séparation du directeur du conseil, ou (iii) un changement de contrôle. Aucune vente ou achat d’actions ordinaires n’a été signalé, et aucun prix en espèces n’a été impliqué.

L’attribution est de taille relativement modeste et de nature routinière, offrant peu d’informations sur les fondamentaux à court terme de la société ou le sentiment des initiés, au-delà de l’alignement continu des actions au niveau du conseil d’administration.

Zusammenfassung der Form 4-Meldung für Taylor Morrison Home Corp. (TMHC): Direktor Christopher J. Yip meldete den Erwerb von 387 aufgeschobenen Aktienanteilen (DSUs) am 30.06.2025. Jede DSU entspricht wirtschaftlich einer Aktie von TMHC und wurde im Rahmen des Nicht-Geschäftsführer-Vergütungsplans des Unternehmens als Wahl zur Aufschiebung von Barvergütungen und Ausschussgebühren erhalten. Die Transaktion ist mit „A“ codiert, was eine Zuwendung und keinen Kauf am offenen Markt bedeutet.

Nach der Transaktion hält Yip insgesamt 14.664 DSUs. Die Einheiten werden bei dem früheren Eintritt von (i) 01.09.2027, (ii) dem Ausscheiden des Direktors aus dem Vorstand oder (iii) einer Kontrollwechsel abgewickelt. Verkäufe oder Käufe von Stammaktien wurden nicht gemeldet, und es war kein Barpreis beteiligt.

Die Zuwendung ist relativ klein und routinemäßig, bietet nur begrenzte Einblicke in die kurzfristigen Fundamentaldaten des Unternehmens oder die Insider-Stimmung über die fortlaufende Aktienausrichtung auf Vorstandsebene hinaus.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director DSU award; negligible financial impact, neutral signal.

This Form 4 discloses that Director Christopher Yip added 387 DSUs—about 0.002 % of TMHC’s ~119 million basic shares outstanding—via deferred compensation. The grant increases his total deferred equity to 14,664 units, reinforcing long-term alignment but lacking material size to influence valuation or liquidity. Because the DSUs vest automatically on separation or 09/01/2027, the award neither alters cash flow nor indicates an active bullish stance through open-market buying. In my view, the filing is neutral for investors and does not change the core investment thesis.

Riepilogo della dichiarazione Modulo 4 per Taylor Morrison Home Corp. (TMHC): Il direttore Christopher J. Yip ha segnalato l'acquisizione di 387 unità azionarie differite (DSU) il 30/06/2025. Ogni DSU equivale economicamente a una azione ordinaria TMHC ed è stata ricevuta nell'ambito del Piano di Compensazione Differita per Direttori Non Dipendenti della società, come scelta di differire il compenso in contanti per il mandato e le commissioni del comitato. La transazione è classificata con il codice “A”, che indica un premio e non un acquisto sul mercato aperto.

Dopo la transazione, la detenzione complessiva di Yip ammonta a 14.664 DSU. Le unità saranno convertite in azioni ordinarie al verificarsi della prima tra (i) 01-set-2027, (ii) la separazione del direttore dal consiglio, o (iii) un cambio di controllo. Non sono state segnalate vendite o acquisti di azioni ordinarie e non è stato coinvolto alcun prezzo in contanti.

Il premio è di dimensioni relativamente contenute e di natura routinaria, offrendo informazioni limitate sui fondamentali a breve termine della società o sul sentimento degli insider, oltre al continuo allineamento azionario a livello di consiglio.

Resumen de presentación del Formulario 4 para Taylor Morrison Home Corp. (TMHC): El director Christopher J. Yip informó la adquisición de 387 unidades diferidas de acciones (DSU) el 30/06/2025. Cada DSU es económicamente equivalente a una acción ordinaria de TMHC y se recibió bajo el Plan de Compensación Diferida para Directores No Empleados de la empresa como una elección para diferir el pago en efectivo por retenciones y honorarios de comités. La transacción está codificada como “A”, lo que indica un premio y no una compra en el mercado abierto.

Después de la transacción, la tenencia agregada de Yip es de 14,664 DSU. Las unidades se liquidarán en acciones ordinarias al ocurrir lo primero entre (i) 01-sep-2027, (ii) la separación del director de la junta, o (iii) un cambio de control. No se reportaron ventas ni compras de acciones ordinarias y no hubo involucramiento de precio en efectivo.

El premio es relativamente pequeño y de naturaleza rutinaria, proporcionando información limitada sobre los fundamentos a corto plazo de la empresa o el sentimiento interno más allá del alineamiento continuo de capital a nivel del consejo.

Taylor Morrison Home Corp. (TMHC)의 Form 4 제출 요약: 이사 Christopher J. Yip가 2025년 6월 30일에 387개의 이연 주식 단위(DSU)를 취득했다고 보고했습니다. 각 DSU는 TMHC 보통주 1주와 경제적으로 동일하며, 현금 보수 및 위원회 수수료를 이연하기 위한 선택으로 회사의 비임원 이사 이연 보상 계획에 따라 수령되었습니다. 거래는 공개 시장 구매가 아닌 상여를 의미하는 “A” 코드로 분류되었습니다.

거래 후 Yip의 총 보유량은 14,664 DSU입니다. 이 단위들은 (i) 2027년 9월 1일, (ii) 이사의 이사회 퇴임, 또는 (iii) 경영권 변경 중 빠른 시점에 보통주로 정산됩니다. 보통주 매매는 보고되지 않았으며 현금 가격도 포함되지 않았습니다.

상여는 상대적으로 규모가 작고 일상적인 성격으로, 단기적인 회사 펀더멘털이나 내부자 심리에 대한 통찰력은 제한적이며, 이사회 수준에서의 지속적인 주식 정렬을 반영합니다.

Résumé du dépôt du formulaire 4 pour Taylor Morrison Home Corp. (TMHC) : Le directeur Christopher J. Yip a déclaré l'acquisition de 387 unités d'actions différées (DSU) le 30/06/2025. Chaque DSU équivaut économiquement à une action ordinaire TMHC et a été reçue dans le cadre du Plan de rémunération différée des administrateurs non salariés de la société, en choisissant de différer la rémunération en espèces pour les honoraires de retenue et de comité. La transaction est codée « A », ce qui signifie une attribution et non un achat sur le marché ouvert.

Après la transaction, la détention totale de Yip s'élève à 14 664 DSU. Les unités seront réglées en actions ordinaires à la première occurrence de (i) 01-sept-2027, (ii) la séparation du directeur du conseil, ou (iii) un changement de contrôle. Aucune vente ou achat d’actions ordinaires n’a été signalé, et aucun prix en espèces n’a été impliqué.

L’attribution est de taille relativement modeste et de nature routinière, offrant peu d’informations sur les fondamentaux à court terme de la société ou le sentiment des initiés, au-delà de l’alignement continu des actions au niveau du conseil d’administration.

Zusammenfassung der Form 4-Meldung für Taylor Morrison Home Corp. (TMHC): Direktor Christopher J. Yip meldete den Erwerb von 387 aufgeschobenen Aktienanteilen (DSUs) am 30.06.2025. Jede DSU entspricht wirtschaftlich einer Aktie von TMHC und wurde im Rahmen des Nicht-Geschäftsführer-Vergütungsplans des Unternehmens als Wahl zur Aufschiebung von Barvergütungen und Ausschussgebühren erhalten. Die Transaktion ist mit „A“ codiert, was eine Zuwendung und keinen Kauf am offenen Markt bedeutet.

Nach der Transaktion hält Yip insgesamt 14.664 DSUs. Die Einheiten werden bei dem früheren Eintritt von (i) 01.09.2027, (ii) dem Ausscheiden des Direktors aus dem Vorstand oder (iii) einer Kontrollwechsel abgewickelt. Verkäufe oder Käufe von Stammaktien wurden nicht gemeldet, und es war kein Barpreis beteiligt.

Die Zuwendung ist relativ klein und routinemäßig, bietet nur begrenzte Einblicke in die kurzfristigen Fundamentaldaten des Unternehmens oder die Insider-Stimmung über die fortlaufende Aktienausrichtung auf Vorstandsebene hinaus.

false 0001952853 0001952853 2025-06-26 2025-06-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): June 26, 2025

 

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:

(877) 881-6376

 

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 4.01 Changes in Registrant’s Certifying Accountant.

 

On June 26, 2025, the audit committee of the board of directors of Massimo Group (the “Company”), after discussion with the management of the Company, approved the dismissal of ZH CPA, LLC (“ZH CPA”), the Company’s independent registered public accounting firm, and approved the appointment of HHL LLP (“HHL”) as the Company’s independent registered public account firm for the fiscal year ending December 31, 2025, effective June 30, 2025. As of the date of dismissal, ZH CPA had not provided a report regarding the Company’s financial statements  for any periods ending subsequent to December 31, 2024.

 

During the interim period from August 26, 2022, the date ZH CPA was appointed, to June 26, 2025, the date of dismissal, there were no (a) disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with ZH CPA on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of ZH CPA, would have caused ZH CPA to make reference to such disagreement in its report or (b) “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions), except that there were material weaknesses in the Company’s internal control over financial reporting reported by the Company on its Quarterly Report on Form 10-Q for the period ended March 31, 2025 and its Annual Report on From 10-K for the year ended December 31, 2024, related to ineffective controls over information and communication and period end financial disclosure and reporting processes, including not effectively communicating internally between the sales department and the accounting department and externally with the client and lack of effectiveness of controls over accurate accounting and financial reporting and reviewing the underlying financial statement elements.

 

During the fiscal years ended December 31, 2024 and 2023, and the subsequent interim period through June 30, 2025, the Company did not consult with HHL regarding the application of accounting principles to a specific completed or contemplated transaction or regarding the type of audit opinions that might be rendered by HHL on the Company’s financial statements, and HHL did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue.

 

The Company provided ZH CPA with a copy of this Current Report on Form 8-K prior to its filing with the SEC and requested that ZH CPA furnish the Company with a letter addressed to the SEC, pursuant to Item 304(a)(3) of Regulation S-K, stating whether it agrees with the above statement and, if it does not agree, the respects in which it does not agree. A copy of the letter, dated July 1, 2025, is filed as Exhibit 16.1 (which is incorporated by reference herein) to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibits are being filed with this Current Report on Form 8-K:

 

Exhibit No.   Description
16.1   Letter from ZH CPA, LLC. dated July 1, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

2

 

 

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: July 1, 2025 MASSIMO GROUP
     
  By: /s/ David Shan
  Name: David Shan
  Title: Chief Executive Officer

 

3

 

FAQ

How many shares did TMHC director Christopher Yip acquire?

He acquired 387 deferred stock units, each convertible into one common share.

What is the total TMHC equity holding of Christopher Yip after the transaction?

His aggregate holding rose to 14,664 deferred stock units.

Was the transaction an open-market purchase of TMHC stock?

No. The DSUs were granted under the Non-Employee Director Deferred Compensation Plan and involve no cash purchase.

When will the deferred stock units convert into TMHC common shares?

They convert upon the earliest of September 1, 2027, Yip’s board departure, or a change in control.

Does the filing indicate positive or negative insider sentiment toward TMHC?

The transaction is routine compensation and neutral; it does not strongly signal bullish or bearish sentiment.
Massimo Group

NASDAQ:MAMO

MAMO Rankings

MAMO Latest News

MAMO Latest SEC Filings

MAMO Stock Data

91.40M
4.85M
88.44%
0.14%
Recreational Vehicles
Miscellaneous Transportation Equipment
Link
United States
GARLAND