Current Report Filing (8-k)
May 15 2020 - 4:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 15, 2020
LINDBLAD EXPEDITIONS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware
|
|
001-35898
|
|
27-4749725
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
96 Morton Street, 9th Floor, New York, New York
|
|
10014
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrant’s telephone number including area code: (212) 261-9000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
|
|
|
|
|
Common Stock, par value $0.0001 per share
|
|
LIND
|
|
The NASDAQ Stock Market LLC
|
(Former name or former address, if changed since last report)
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))
|
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. ☐
8.01 Other Events
Due to the economic impact of the COVID-19 pandemic on our business, Lindblad Expeditions, LLC (the “Company,” “we” or “our”) has chosen to implement certain additional cost saving measures to help support our financial position during this extended time of uncertainty. As a part of these cost saving measures, on May 15, 2020, approximately 130 employees of the Company were furloughed and 55 employees received a reduction in workload of at least 50%. Furloughed employees will continue to be provided with health care benefits through at least September 30, 2020, with the Company paying 100% of the premiums applicable to such employees. Because these furloughs and workload reductions are related to the effects of the COVID-19 pandemic on our business, we anticipate furloughed and reduced workload employees to be eligible for unemployment compensation, subject to applicable federal and state laws. Additionally, all remaining employees received a salary reduction of 15-20%. Chief Executive Officer Sven Lindblad will forego 100% of his salary during the COVID-19 crisis.
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.
|
LINDBLAD EXPEDITIONS HOLDINGS, INC.
(registrant)
|
|
|
|
May 15, 2020
|
By:
|
/s/ Craig I. Felenstein
|
|
|
Craig I. Felenstein
Chief Financial Officer
|
Lindblad Expeditions (NASDAQ:LINDW)
Historical Stock Chart
From Jul 2024 to Aug 2024
Lindblad Expeditions (NASDAQ:LINDW)
Historical Stock Chart
From Aug 2023 to Aug 2024