Form 8-K Filing: Departure of Carly Kennedy and Separation Agreement

Holley Inc. has filed a Form 8-K to report the departure of Carly Kennedy, Executive Vice President, General Counsel, and Corporate Secretary, effective May 15, 2026. Ms. Kennedy will remain with the company until this date to ensure an orderly transition, assisting with the upcoming annual meeting and SEC reporting obligations. The company and Ms. Kennedy have mutually agreed to this separation. In connection with her departure, Ms. Kennedy will receive a separation package including salary continuation payments totaling $164,000, a potential pro-rated 2026 bonus, and pro-rata vesting of certain restricted stock units. These benefits are contingent upon her signing a separation agreement and general release, and adhering to its terms. The agreement also outlines provisions for an increased severance package in the event of a change in control within three months of her separation date. The filing includes the separation agreement as an exhibit.