Fri, Oct 25, 7:38 PM (69 days ago)
EVI Industries, Inc. (EVI) filed Amendment No. 2 to its Form 10-K for FY 2024, providing additional disclosures required by the SEC. The company reported a market value of approximately $137.7 million as of December 31, 2023, with 12.7 million shares outstanding. Key executives include Henry M. Nahmad (CEO) and Robert H. Lazar (CFO), with total compensation for Nahmad reaching $5.9 million in FY 2024, including a stock award valued at $4.5 million. The amendment primarily updates corporate governance and executive compensation details, without altering previous financial statements. EVI's compensation structure is tied to performance, with significant bonuses linked to the company’s growth strategy and acquisitions. The company maintains a strong market position, controlling approximately 58.3% of voting power through executive and director ownership. No financial data changes were reported, but the company emphasized compliance with SEC regulations and internal controls. Future risks include market volatility and operational challenges. EVI continues to focus on strategic growth through acquisitions and enhancing operational efficiencies, positioning itself favorably in the commercial laundry industry.