Venu (NYSE: VENU) appoints COO and revises Centennial Colorado land deal
Rhea-AI Filing Summary
Venu Holding Corporation appointed Vic Sutter as Chief Operating Officer, effective January 12, 2026, formalizing his leadership over operations across the company’s venues and restaurant concepts. In connection with his new role, he received a stock option to purchase 100,000 shares of common stock under the 2023 Omnibus Incentive Compensation Plan. President William Hodgson, who previously handled COO functions, will now focus on his role as President and overall operational and corporate strategy.
The company also amended its purchase and sale agreement for land in Centennial, Colorado. The amendment allows Venu to extend the December 15, 2025 closing date by up to 45 days in exchange for an extension fee of up to $25,000 per month, and the parties expect closing in January or February 2026, subject to closing conditions. The amendment reduces the purchase price by approximately $390,000, requires Venu to waive inspection rights and buyer contingencies, and makes all earnest money non-refundable.
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Insights
Leadership role formalized and Colorado land deal adjusted with new economics and risk allocation.
Venu Holding Corporation names Vic Sutter as Chief Operating Officer, moving him from Executive Vice President of Operations into a clearly defined C‑suite role. His background in operations and premium experiences at Live Nation and House of Blues aligns with Venu’s amphitheater and music hall strategy. The grant of stock options for 100,000 shares under the 2023 Omnibus Incentive Compensation Plan links his upside to long‑term equity performance.
On the real estate side, the Centennial, Colorado land agreement was amended to extend the closing window beyond
FAQ
What leadership change did Venu (VENU) announce in this filing?
Venu Holding Corporation appointed Vic Sutter as Chief Operating Officer, effective January 12, 2026. He previously served as Executive Vice President of Operations and oversaw construction, operations, and strategic partnerships across the company’s amphitheaters, music halls, and restaurant concepts.
What equity award did Venu (VENU) grant to the new COO?
In connection with his appointment as Chief Operating Officer, Venu granted Vic Sutter a stock option to acquire 100,000 shares of the company’s common stock under its 2023 Omnibus Incentive Compensation Plan.
How does William Hodgson’s role change at Venu (VENU)?
William Hodgson, previously performing the functions of Chief Operating Officer, will now focus primarily on his continued role as President of Venu and on matters involving overall operational and corporate strategy, while COO responsibilities move to Vic Sutter.
What changes were made to Venu’s Centennial, Colorado land purchase agreement?
The amendment to the Purchase and Sale Agreement for the Centennial Property allows Venu to extend the December 15, 2025 closing date by up to 45 days, with an extension fee equal to Old Mill’s out-of-pocket carrying costs of up to $25,000 per month. It also reduces the purchase price by approximately $390,000.
What new conditions and waivers apply to Venu’s Centennial property deal?
Under the amended agreement, Venu must waive all inspection rights and buyer contingencies, and all earnest money becomes non-refundable and is released to Old Mill. Closing is expected to occur in January or February 2026, subject to satisfaction of closing conditions.
Did Venu (VENU) issue a press release about the new COO?
Yes. On January 15, 2026, Venu issued a press release announcing Vic Sutter’s appointment as Chief Operating Officer. The press release is furnished as Exhibit 99.1 to this report.