UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. (the “Company”) that they would resign from the Company’s board of directors (the “Board”) and all committees thereof, effective as of April 28, 2025. The resignations of Mr. Fowler, Ms. Lee, Mr. Petzel and Mr. Zola are not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
In addition, on April 28, 2025, Lynn Petersmarck was appointed to the Board. Ms. Petersmarck brings extensive media experience and strategic insight that will support the Company’s long-term vision and growth initiatives. Ms. Petersmarck was also appointed to the Audit, Compensation and Nominating Committees of the Board. H. Hunt Allred now serves as the chair of the Audit Committee and Cavitt Randall now serves as the chair of both the Compensation and Nominating Committees. There are no arrangements or understandings between Ms. Petersmarck and any other persons pursuant to which Ms. Petersmarck was selected as a director. Ms. Petersmarck has no direct or indirect material interest in any related party transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
| Item 8.01 | Other Events. |
On April 29, 2025, the Company issued a press release announcing a confidential settlement of its litigation with Authentic Brands Group, LLC and the director changes described in Item 5.02 above. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press release dated April 29, 2025 announcing Authentic Brands Group settlement and board of director changes. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE ARENA GROUP HOLDINGS, INC. | ||
| Dated: April 29, 2025 | By: | /s/ Paul Edmonson |
| Name: | Paul Edmonson | |
| Title: | Chief Executive Officer | |