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): December 12, 2019
____________________
SELECT INTERIOR CONCEPTS, INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware | 001-38632 | 47-4640296 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | |
400 Galleria Parkway, Suite 1760 Atlanta, Georgia | | 30339 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (888) 701-4737
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 Instructions 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 |
Class A Common Stock, par value $0.01 per share | | SIC | | 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 12, 2019, Select Interior Concepts, Inc. (the “Company”) announced that Sunil Palakodati will resign from his position as President of SIC’s wholly-owned subsidiary doing business as Architectural Surfaces Group (“ASG”), effective as of January 31, 2020, to pursue interests outside of the Company.
In connection with his resignation, the Company and Mr. Palakodati have agreed to enter into a separation agreement (the “Separation Agreement”) providing for severance payments and benefits to Mr. Palakodati consistent with the terms of his existing employment and retention agreements with the Company. Under the Separation Agreement, Mr. Palakodati will agree not to compete with ASG in the United States or solicit its employees or customers for a period of twelve months following the termination of his employment.
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 thereunto duly authorized.
Date: December 12, 2019 | | SELECT INTERIOR CONCEPTS, INC. |
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| | By: | | /s/ Tyrone Johnson |
| | | | Name: Tyrone Johnson |
| | | | Title: Chief Executive Officer |
