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[8-K] Alliance Entertainment Holding Corporation Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 3 filing for NextTrip, Inc. (NTRP) discloses that newly reported director Andrew Jay Kaplan indirectly owns 75,000 shares of the company’s common stock through KC Global Media Asia, LLC. Kaplan is deemed a beneficial owner because he is Chairman of KCGM, but he disclaims ownership beyond his pecuniary interest. No derivative securities are reported. The filing is an initial Section 16(a) statement and does not amend any prior filing.

La dichiarazione Modulo 3 per NextTrip, Inc. (NTRP) rivela che il nuovo direttore segnalato Andrew Jay Kaplan possiede indirettamente 75.000 azioni del capitale sociale della società tramite KC Global Media Asia, LLC. Kaplan è considerato un proprietario effettivo in quanto è Presidente di KCGM, ma nega il possesso oltre al suo interesse pecuniario. Non sono segnalati titoli derivati. La dichiarazione è una comunicazione iniziale ai sensi della Sezione 16(a) e non modifica alcuna dichiarazione precedente.

La presentación del Formulario 3 para NextTrip, Inc. (NTRP) revela que el nuevo director reportado Andrew Jay Kaplan posee indirectamente 75,000 acciones de las acciones ordinarias de la empresa a través de KC Global Media Asia, LLC. Kaplan se considera propietario beneficiario porque es presidente de KCGM, pero renuncia a la propiedad más allá de su interés pecuniario. No se reportan valores derivados. La presentación es una declaración inicial bajo la Sección 16(a) y no modifica ninguna presentación anterior.

NextTrip, Inc. (NTRP)� Form 3 제출�� 따르� 새로 보고� 이사 Andrew Jay KaplanKC Global Media Asia, LLC� 통해 회사 보통� 75,000�� 간접 소유하고 있습니다. Kaplan읶 KCGM� 회장으로� 실질 소유자로 간주되지�, 금전� 이익� 초과하는 소유권읶� 부인합니다. 파생 증권읶 보고되지 않았습니�. � 제출서는 섹션 16(a)� 초기 신고서이� 이전 제출서를 수정하지 않습니다.

Le dépôt du formulaire 3 pour NextTrip, Inc. (NTRP) révèle que le nouveau directeur signalé Andrew Jay Kaplan détient indirectement 75 000 actions des actions ordinaires de la société via KC Global Media Asia, LLC. Kaplan est considéré comme un propriétaire bénéficiaire car il est président de KCGM, mais il décline toute propriété au-delà de son intérêt pécuniaire. Aucune valeur dérivée n’est signalée. Le dépôt constitue une déclaration initiale en vertu de la Section 16(a) et ne modifie aucune déclaration antérieure.

Die Einreichung des Formulars 3 für NextTrip, Inc. (NTRP) offenbart, dass der neu gemeldete Direktor Andrew Jay Kaplan indirekt 75.000 Aktien der Stammaktien des Unternehmens über KC Global Media Asia, LLC besitzt. Kaplan gilt als wirtschaftlich Berechtigter, da er Vorsitzender von KCGM ist, bestreitet jedoch Eigentum über sein finanzielles Interesse hinaus. Keine derivativen Wertpapiere wurden gemeldet. Die Einreichung ist eine anfängliche Erklärung gemäß Abschnitt 16(a) und ändert keine vorherigen Einreichungen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine Form 3; director indirectly holds 75k shares—signals modest alignment, immaterial to float.

The disclosure simply establishes Andrew Kaplan’s status as a 10%-plus insider under Section 16(a). A 75,000-share position is small relative to typical micro-cap floats and does not change control dynamics or capital structure. No options or derivatives are listed, reducing immediate dilution concerns. Impact on valuation or governance is minimal; however, ownership by a director can improve shareholder alignment at the margin.

La dichiarazione Modulo 3 per NextTrip, Inc. (NTRP) rivela che il nuovo direttore segnalato Andrew Jay Kaplan possiede indirettamente 75.000 azioni del capitale sociale della società tramite KC Global Media Asia, LLC. Kaplan è considerato un proprietario effettivo in quanto è Presidente di KCGM, ma nega il possesso oltre al suo interesse pecuniario. Non sono segnalati titoli derivati. La dichiarazione è una comunicazione iniziale ai sensi della Sezione 16(a) e non modifica alcuna dichiarazione precedente.

La presentación del Formulario 3 para NextTrip, Inc. (NTRP) revela que el nuevo director reportado Andrew Jay Kaplan posee indirectamente 75,000 acciones de las acciones ordinarias de la empresa a través de KC Global Media Asia, LLC. Kaplan se considera propietario beneficiario porque es presidente de KCGM, pero renuncia a la propiedad más allá de su interés pecuniario. No se reportan valores derivados. La presentación es una declaración inicial bajo la Sección 16(a) y no modifica ninguna presentación anterior.

NextTrip, Inc. (NTRP)� Form 3 제출�� 따르� 새로 보고� 이사 Andrew Jay KaplanKC Global Media Asia, LLC� 통해 회사 보통� 75,000�� 간접 소유하고 있습니다. Kaplan읶 KCGM� 회장으로� 실질 소유자로 간주되지�, 금전� 이익� 초과하는 소유권읶� 부인합니다. 파생 증권읶 보고되지 않았습니�. � 제출서는 섹션 16(a)� 초기 신고서이� 이전 제출서를 수정하지 않습니다.

Le dépôt du formulaire 3 pour NextTrip, Inc. (NTRP) révèle que le nouveau directeur signalé Andrew Jay Kaplan détient indirectement 75 000 actions des actions ordinaires de la société via KC Global Media Asia, LLC. Kaplan est considéré comme un propriétaire bénéficiaire car il est président de KCGM, mais il décline toute propriété au-delà de son intérêt pécuniaire. Aucune valeur dérivée n’est signalée. Le dépôt constitue une déclaration initiale en vertu de la Section 16(a) et ne modifie aucune déclaration antérieure.

Die Einreichung des Formulars 3 für NextTrip, Inc. (NTRP) offenbart, dass der neu gemeldete Direktor Andrew Jay Kaplan indirekt 75.000 Aktien der Stammaktien des Unternehmens über KC Global Media Asia, LLC besitzt. Kaplan gilt als wirtschaftlich Berechtigter, da er Vorsitzender von KCGM ist, bestreitet jedoch Eigentum über sein finanzielles Interesse hinaus. Keine derivativen Wertpapiere wurden gemeldet. Die Einreichung ist eine anfängliche Erklärung gemäß Abschnitt 16(a) und ändert keine vorherigen Einreichungen.

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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): July 21, 2025

 

ALLIANCE ENTERTAINMENT HOLDING CORPORATION
(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-40014   85-2373325
(State or Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification No.)

 

8201 Peters Road, Suite 1000

Plantation, FL, 33324

(Address of Principal Executive Offices) (Zip Code)

 

(954) 255-4000

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A common stock, par value $0.0001 per share   AENT   The Nasdaq Stock Market LLC
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11.50 per share   AENTW   The Nasdaq Stock Market LLC

 

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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On July 21, 2025, the Board of Directors (the “Board”) of Alliance Entertainment Holding Corporation (the “Company”) appointed Amanda Gnecco, the Company’s Chief Accounting Officer, to the position of Chief Financial Officer of the Company, effective immediately. Ms. Gnecco will retain her title as Chief Accounting Officer in addition to her new role as Chief Financial Officer of the Company. Ms. Gnecco is replacing Jeffrey Walker as the Chief Financial Officer of the Company, who will retain his role as Chief Executive Officer of the Company.

 

Ms. Gnecco, age 45, joined the Company in August 2018 and previously served as Senior Vice President, Accounting and Finance, until her promotion to Chief Accounting Officer in May 2024. As Senior Vice President, Accounting and Finance, Ms. Gnecco was responsible in part for overseeing the Company’s financial operations and financial and SEC reporting. Ms. Gnecco received a Master of Science in Accounting from the Keller Graduate School of Management and a B.S. in Accounting from Midwestern State University.

 

In connection with Ms. Gnecco’s appointment as Chief Financial Officer, her base salary will be increased to $240,000. She will also have the opportunity to earn a bonus in the maximum amount of 25% of her base salary based on achieving adjusted EBITDA targets as established by the Board.

 

There are no arrangements or understandings between Ms. Gnecco and any other persons pursuant to which she was appointed as the Company’s Chief Financial Officer. Additionally, Ms. Gnecco is not party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K, nor does Ms. Gnecco have any family relationships with any of the Company’s directors or executive officers.

 

 

 

 

SIGNATURE

 

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.

 

Dated: July 24, 2025 ALLIANCE ENTERTAINMENT HOLDING CORPORATION
                                
  By: /s/ Bruce Ogilvie
  Name:  Bruce Ogilvie
  Title: Executive Chairman

 

 

 

Alliance Entertainment Holding Corporation

NASDAQ:AENT

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322.05M
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Entertainment
Wholesale-durable Goods, Nec
United States
PLANTATION