8-K

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 18, 2024

PISMO COAST VILLAGE INC
(Exact name of registrant as specified in its charter)

California	0-8463	95-2990441
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

165 South Dolliver Street
Pismo Beach, California, United States 93449
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (805) 773-5649

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:

☐ 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: None

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 PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

On May 18, 2024, the Company and Charles Amian entered into an employment agreement whereby Mr. Amian accepted the position of General Manager of the resort ("Employment Agreement").

Charles Amian, age 58, currently serves as the Interim General Manager of PCV and has been an integral part of PCV since June 1984, starting in the Maintenance Department. Before his appointment as Interim General Manager in February 2024, Mr. Amian served as Senior Operations Manager for PCV since November 2022, and as PCV's Operations Manager since 1995. Mr. Amian is a lifetime-designated Certified Park Operator and has been actively involved in the RV parks and campgrounds industry. He served two terms as Board President of the California Association of RV Parks and Campgrounds (CalARVC) and currently serves as Vice Chair of the National Association of RV Parks and Campgrounds (ARVC).

The Employment Agreement provides that Mr. Amian will be paid a base salary of $180,000 annually, and an incentive bonus at the direction and convenience of the Company's Board of Directors based on year-end fiscal performance each year.

A copy of the Employment Agreement relating to this Item 5.02 Form 8-K is furnished as Exhibit 10.1. to this Current Report.

ITEM 9.01	FINANCIAL STATEMENTS AND EXHIBITS
10.1	Employment Agreement
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

PISMO COAST VILLAGE, INC.

Date: May 23, 2024

/s/ GARY WILLEMS

Gary Willems

V.P. Secretary

EX-10.1

April 18, 2024

Charles Amian
charlesa@visitpcv.com

Re: General Manager Position

Dear Charles,

Pismo Coast Village Board of Directors is pleased to offer you a promotion to the position of General Manager of Pismo Coast Village RV Resort, effective April 19, 2024. This is a full-time, salaried exempt position with continued expectation of onsite work at 165 Dolliver Street, Pismo Beach, CA 93448. Your base salary will be $180,000 annually.

The duties of the position of General Manager include responsibility for the orderly daily operation of the business, properties, and staff of Pismo Coast Village, and will report directly to the President of the Board. Also included is implementation of any needed methods of operation, e.g., policies, advertising, cost and cash flow, money management, record keeping and adherence to budget levels as designated by the Board of Directors

At the end of each fiscal year, the board of directors may decide in its sole discretion to pay a bonus. Although this potential bonus will be based on a review of your performance during the applicable fiscal year, this is a discretionary bonus and therefore not tied to any specific performance metrics or achievements. In addition to your individual performance, the board will also consider general financial considerations, such as overall profitability of the company, and other factors in deciding whether to pay a bonus and if so, the appropriate amount.

Vacation will include 3 weeks paid at full salary, with no more than 2 weeks taken consecutively and no more than 1 week taken during the summer prime time period. Vacation must be taken in accordance with the Company's vacation policy as set forth in the Employee Handbook.

Health insurance benefits for you and your spouse will be covered at 100%. Your spouse may be added to your benefits plan during Open Enrollment on 8/1/2024.

Use of the company car will continue per previous arrangement. Use of company cell phone will continue per previous arrangement.

Employment with Pismo Coast Village RV Resort is at-will, is for no set term, and either you or Pismo Coast Village may terminate this relationship at any time, with or without cause and with or without advance notice.

This letter sets forth the entire promotional offer of employment made to you. No other promises are extended with respect to your employment, and other negotiations or understandings are superseded by this offer. The terms of employment, as stated in this letter, cannot be changed, except in writing by the Board of Directors.

If you wish to accept this promotion, please sign, and date the offer letter below and return it within 5 days of receipt.

Sincerely,

George Pappi

President, Board of Directors

XML

Document and Entity Information Document	May 18, 2024
Document Information [Line Items]
Document Type	8-K
Document Creation Date	May 18, 2024
Document Period End Date	May 18, 2024
Amendment Flag	false
Entity Registrant Name	Pismo Coast Village Inc
Entity Address, Address Line One	165 South Dolliver Street
Entity Address, City or Town	Pismo Beach
Entity Address, State or Province	CA
Entity Address, Country	US
Entity Address, Postal Zip Code	93449
Entity Incorporation, State Country Name	CA
City Area Code	805
Local Phone Number	773-5649
Entity File Number	0-8463
Entity Central Index Key	0000216877
Entity Emerging Growth Company	false
Entity Tax Identification Number	95-2990441
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false