UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October
16, 2023 (
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| Item 1.02 | Termination of a Material Definitive Agreement. |
As previously disclosed, on August 28, 2023, 1847 Holdings LLC (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with MC Parent, LLC (“Master Cutlery”) and certain other parties set forth in the Agreement (each a “Seller”). Pursuant to the Purchase Agreement, each Seller agreed to sell its membership interests or other equity securities of Master Cutlery to the Company.
On October 10, 2023, the Sellers terminated the Purchase Agreement pursuant to Section 8.1(c) thereof, which provided that either the Company or the Sellers could terminate the Purchase Agreement if the closing did not occur on or before October 6, 2023.
| Item 3.03 | Material Modification to Rights of Security Holders. |
On October 16, 2023, the Second Amended and Restated Operating Agreement of the Company, as amended (the “Operating Agreement”), was further amended pursuant to Amendment No. 2 to Second Amended and Restated Operating Agreement (the “Amendment”) entered into by 1847 Partners LLC, as Allocation Member and Manager (each as defined in the Operating Agreement). The Amendment was adopted by the Board of Directors of the Company on October 16, 2023.
Pursuant to the Amendment, Section 9.6(a) of the Operating Agreement was amended to reduce the quorum required for a meeting of shareholders from a majority of the shares outstanding to one-third of the shares outstanding.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment filed as Exhibit 3.3 to this report, which is incorporated herein by reference.
| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
The information set forth in Item 3.03 above is incorporated herein in its entirety.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On October 10, 2023, the Company convened its special meeting of shareholders (the “Special Meeting”). At the Special Meeting, there was not a sufficient number of common shares of the Company present or represented by proxy in order to a constitute quorum. The Company adjourned the Special Meeting, without transacting any business. The Special Meeting will resume at 2:00 p.m. Eastern Time on November 9, 2023 and will continue to be held virtually via live audio-only webcast at https://agm.issuerdirect.com/efsh.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
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 hereunto duly authorized.
| Date: October 16, 2023 | 1847 HOLDINGS LLC | |
| /s/ Ellery W. Roberts | ||
| Name: | Ellery W. Roberts | |
| Title: | Chief Executive Officer | |