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Share Name | Share Symbol | Market | Type |
---|---|---|---|
1847 Goedeker Inc | AMEX:GOED | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.23 | 0 | 01:00:00 |
David Kanen, the managing member of Kanen Wealth Management, stated, “We were pleased with the Company’s announcement on September 3, 2021, naming Albert Fouerti Chief Executive Officer and Ellery Roberts Executive Chairman of the Board. While this marks a positive step for the Company, we believe that Messrs. Fouerti and Roberts will require an enhanced Board with deeply relevant skillsets to support them in their pursuits of growth and value creation at the Company. The Company, itself, seems to acknowledge the need to strengthen the Board. We have nominated a slate of five highly-qualified independent directors. To be clear, we are not looking to replace either Messrs. Fouerti or Roberts. Rather, our objective in nominating this highly-qualified slate of director candidates is to ensure that a fully aligned, shareholder-minded Board is in place with directors who have directly relevant skillsets to help oversee the next phase of the Company’s transformation. We appreciate the dialogue we have had to date with management and the Board of Goedeker and remain open to continuing an open and constructive dialogue regarding a reconstitution of the Board.”
Biographies of Kanen’s Nominees (in alphabetical order):
David L. Kanen (age 55)
Nanxi Liu (age 31)
David Meniane (age 38)
Mehran Nia (age 56)
L. William Varner, Jr. (age 70)
About Kanen Wealth Management, LLC
Kanen Wealth Management, LLC is a Florida-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Kanen invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all stockholders.
Investor contacts:David L. Kanen, (631) 863-3100www.kanenadvisory.com
Certain Information Concerning the Participants
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
Kanen Wealth Management, LLC, together with the other participants named herein (collectively, “Kanen”), intends to file a preliminary proxy statement and accompany WHITE proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of its slate of highly-qualified director nominees at the 2021 annual meeting of stockholders of 1847 Goedeker Inc., a Delaware corporation (the “Company”).
KANEN STRONGLY ADVISES ALL SHAREHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
The participants in the proxy solicitation are anticipated to be Philotimo Fund, LP (“Philotimo”), Philotimo Focused Growth and Income Fund, a series of World Funds Trust, a Delaware statutory trust (“PHLOX”), Kanen Wealth Management, LLC (“KWM”), David L. Kanen, Nanxi Liu, David Meniane, Mehran Nia and L. William Varner, Jr. As of the date hereof, Philotimo directly owns 3,061,870 shares of common stock par value $0.0001 per share, of the Company (the “Common Stock”). As of the date hereof, PHLOX directly owns 500,000 shares of Common Stock. As of the date hereof, KWM may be deemed to beneficially own 5,663,736 shares of Common Stock, consisting of (i) 3,061,870 shares of Common Stock directly held by Philotimo, (ii) 500,000 shares of Common Stock directly held by PHLOX and (iii) 2,101,866 shares of Common Stock directly held by KWM. As of the date hereof, Mr. Kanen may be deemed to beneficially own 5,873,123 shares of Common Stock, consisting of (i) the 5,663,736 shares of Common Stock that may be deemed to be beneficially owned by Kanen Wealth Management, LLC (“KWM”) and (ii) 209,387 shares of Common Stock directly held by Mr. Kanen. KWM, as the general partner of Philotimo, may be deemed to beneficially own the shares of Common Stock directly held by Philotimo and as the investment manager of PHLOX, may be deemed to beneficially own the shares of Common Stock directly held by PHLOX. Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the shares of Common Stock directly held by KWM, Philotimo and PHLOX. As of the date hereof, Mr. Meniane directly owns 10,000 shares of Common Stock. As of the date hereof, Mr. Nia directly owns 664,072¹ shares of Common Stock. As of the date hereof, none of Ms. Liu or Mr. Varner owns any shares of Common Stock.
__________________________________________¹ Includes 34,072 shares of Common Stock issuable upon exercise of certain warrants owned by Mr. Nia.
1 Year 1847 Goedeker Chart |
1 Month 1847 Goedeker Chart |
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