Christopher
Shackelton to Step Down as a Director Following Six Years of
Board Leadership
TAMPA,
Fla., June 10, 2024 /PRNewswire/ -- Lazydays
Holdings, Inc. (NasdaqCM: GORV) ("Lazydays") today announced that
lead independent director and former interim-CEO Robert DeVincenzi has been appointed Chairman of
the Board of the Directors (the "Board"), effective June 9, 2024. Mr. DeVincenzi succeeds
Christopher Shackelton, Managing
Partner of Coliseum Capital Management LLC ("Coliseum"), who has
made the decision to step down as a director. Following these
changes, the Board will be comprised of seven directors, six of
whom are independent.
"I am honored to be named Board Chairman at this pivotal time
for Lazydays," said Mr. DeVincenzi. "Lazydays has grown into one of
the largest RV dealers in the country, with an iconic brand that we
believe is synonymous with premium customer service and strong
partnerships with leading OEMs. I look forward to continuing to
work closely with my fellow directors to advise John North and other members of management on
the execution of their strategic plan designed to harness the power
and scale of the Lazydays platform, drive operational excellence,
and create sustainable value for shareholders."
Mr. DeVincenzi added, "On behalf of the Board, I would like to
extend our gratitude to Chris for his dedicated service to Lazydays
over the past six years. He and Coliseum have acted as thoughtful
and strategic partners to the business, and thanks in large part to
their support and guidance, Lazydays has established a strong
foundation upon which to build."
Mr. Shackelton concluded, "Robert is an experienced executive
and director with a thorough understanding of the opportunities and
challenges facing Lazydays today. As Lazydays' largest shareholder,
Coliseum remains a supportive partner of John, the entire Board and
the management team as they navigate the current economic
environment and position the business for long-term success."
Mr. DeVincenzi was appointed to the Board as lead independent
director in October 2021, and served
as Interim CEO of Lazydays from January
2022 to September 2022. Mr.
DeVincenzi currently serves as non-executive Chairman of the Board
of Directors of Universal Technical
Institute, a nationwide provider of technical education and
training, and is a principal partner in Lupine Venture Group, a
business advisory firm that provides strategic consulting and
corporate development advisory services. Earlier in his career, Mr.
DeVincenzi served as a director as well as President and CEO of
Redflex Holdings Limited and director, President and CEO of
Lasercard Corporation. He received a Master of Arts degree
from Gonzaga University in Organizational Leadership and
a Bachelor of Science degree in Business Administration
from California State University, San Luis Obispo.]
About Lazydays
Lazydays has been a prominent
player in the RV industry since our inception in 1976, earning a
stellar reputation for delivering exceptional RV sales, service,
and ownership experiences. Our commitment to excellence has led to
enduring relationships with RVers and their families who rely on us
for all of their RV needs.
With a strategic approach to rapid expansion, we are growing our
network through both acquisitions and new builds. Our wide
selection of RV brands from top manufacturers, state-of-the-art
service facilities, and an extensive range of accessories and parts
ensure that Lazydays is the go-to destination for RV enthusiasts
seeking everything they need for their journeys on the road.
Whether you're a seasoned RVer or just starting your adventure, our
dedicated team is here to provide outstanding support and guidance,
making your RV lifestyle truly extraordinary.
Lazydays is a publicly listed company on the Nasdaq stock
exchange under the ticker "GORV."
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "Safe-Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward looking
statements include statements regarding its goals, plans,
projections and guidance regarding its financial position, results
of operations, market position, pending and potential future
acquisitions and business strategy, and often contain words such as
"project," "outlook," "expect," "anticipate," "intend," "plan,"
"believe," "estimate," "may," "seek," "would," "should," "likely,"
"goal," "strategy," "future," "maintain," "continue," "remain,"
"target" or "will" and similar references to future periods.
Examples of forward-looking statements in this press release
include, among others, statements regarding the execution of
management's strategic plan and the Board and management
positioning the business for long-term success.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events that depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance, and its actual results of operations, financial
condition and liquidity and development of the industry in which we
operate may differ materially from those made in or suggested by
the forward-looking statements in this press release. The risks and
uncertainties that could cause actual results to differ materially
from estimated or projected results include, without limitation,
future economic and financial conditions (both nationally and
locally); changes in customer demand; the Company's relationship
with, and the financial and operational stability of, vehicle
manufacturers and other suppliers; risks associated with the
Company's indebtedness (including available borrowing capacity,
compliance with financial covenants and ability to refinance or
repay indebtedness on favorable terms); acts of God or other
incidents which may adversely impact the Company's operations and
financial performance; government regulations; legislation; and the
risk factors discussed in "Part I, Item 1A. Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2023, and from time to
time in the Company's other filings with the SEC.
Contact:
investors@lazydays.com
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SOURCE Lazydays