Form 8-K Lumber Liquidators Holdi For: May 20

 

 

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): May 20, 2015

___________

 

Lumber Liquidators Holdings, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware (State or other jurisdiction of incorporation)

001-33767 (Commission File Number)

27-1310817 (I.R.S. Employer Identification No.)

 

3000 John Deere Road Toano, Virginia (Address of principal executive offices)

23168 (Zip Code)

 

Registrant’s telephone number, including area code: (757) 259-4280

 

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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

  

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 20, 2015, Robert M. Lynch notified Lumber Liquidators Holdings, Inc. (the “Company”) of his resignation as the Company’s President and Chief Executive Officer pursuant to the Executive Employment Agreement, dated December 17, 2010, between the Company and Mr. Lynch, as amended December 21, 2011. The Company intends to commence a national search for Mr. Lynch’s replacement. In the interim, Thomas D. Sullivan, the Company’s Founder, will serve as the acting chief executive officer of the Company. John M. Presley, the Company’s lead independent director, has been appointed as non-executive chairman of the board of directors. Both appointments are effective immediately. The board of directors also accepted Mr. Lynch’s resignation as a director of the Company.

 

The Company issued a press release on May 21, 2015 announcing the resignation of Mr. Lynch’s employment, a copy of which is being furnished as an exhibit to this report and is incorporated by reference into this Item 5.02.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

  

	Exhibit No.	Description
	99.1	Press Release dated May 21, 2015

  

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	LUMBER LIQUIDATORS HOLDINGS, INC.
	(Registrant)
Date: May 21, 2015	By:	/s/ E. Livingston B. Haskell
		E. Livingston B. Haskell
		Secretary and General Corporate Counsel

 

 

Exhibit Index

 

	Exhibit No.	Description
	99.1	Press Release dated May 21, 2015.

 

 

 

Exhibit 99.1

 

 

LUMBER LIQUIDATORS ANNOUNCES MANAGEMENT CHANGES

 

TOANO, VA., May 21, 2015 - Lumber Liquidators (NYSE: LL) today announced that Robert M. Lynch unexpectedly notified the Company of his resignation as the Company’s President and Chief Executive Officer. The Company intends to commence a national search for Mr. Lynch’s replacement. In the interim, Thomas D. Sullivan, the Company’s Founder, will serve as the acting chief executive officer of the Company.

 

The Company also announced today that John M. Presley, the Company’s lead independent director, has been appointed as non-executive chairman of the board of directors. Both appointments are effective immediately. The board of directors also accepted Mr. Lynch’s resignation as a director of the Company.

 

Mr. Sullivan said, “I am really proud of the LL Team and I look forward to working with them and providing our customers with the best hardwood floors at the best prices as we have since I founded the Company over 20 years ago.”

 

About Lumber Liquidators

 

With more than 355 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 400 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in stock and ready for delivery.

 

With premier brands including Bellawood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House. For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD. 

 

Lumber Liquidators aims to be the industry leader in sustainability. For more information, please visit www.LumberLiquidators.com/Sustainability. Learn more about our corporate giving program at LayItForward.LumberLiquidators.com. You can also follow the Company on Facebook and Twitter.

 

Forward-Looking Statements

 

This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute “forward-looking statements” within the meanings of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by words such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “thinks,” “estimates,” “seeks,” “predicts,” “could,” “projects,” “potential” and other similar terms and phrases, are based on the beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company’s management as of the date of such statements. These statements are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements in this report may include, without limitation, statements regarding the intention to conduct additional investigation and review in connection with certain customer’s indoor air quality tests, and providing of update of the test results. The Company’s actual results could differ materially from those projected in or contemplated by the forward-looking statements as a result of potential risks, uncertainties and other factors including, but not limited to, the ability to collect necessary additional information from applicable customers in connection with initial indoor air quality test results; ability of the labs to process the samples; and the Company’s ability to verify information provided to it by the labs. The Company specifically disclaims any obligation to update these statements, which speak only as of the dates on which such statements are made, except as may be required under the federal securities laws. Information regarding these additional risks and uncertainties is contained in the Company’s other reports filed with the Securities and Exchange Commission, including the Item 1A, “Risk Factors,” section of the Form 10-K for the year ended December 31, 2014 and the Form 10Q for the quarter ended March 31, 2015.

 

For further information contact:

 

Lumber Liquidators Investor Relations

Ashleigh McDermott

Tel: 757.566.7512

 

 

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