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):  March 13, 2020

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SELECT INTERIOR CONCEPTS, INC.

(Exact name of Registrant as Specified in Its Charter)

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Registrant’s Telephone Number, Including Area Code: (888) 701-4737

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 (see General Instructions A.2. below):

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

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 Arrangement of Certain Officers.

On March 13, 2020, Select Interior Concepts, Inc. (the “Company”) entered into retention agreements (“Retention Agreements”) with each of its executive officers (Tyrone Johnson, Nadeem Moiz, Kendall R. Hoyd and Shawn K. Baldwin). The Retention Agreements provide that each executive will be entitled to receive a retention payment on November 15, 2020, subject to the executive’s continued employment with the Company on such date, in the following amounts:  Mr. Johnson, $320,000; Mr. Moiz, $209,090; Mr. Hoyd, $185,238; and Mr. Baldwin, $187,500.  The Retention Agreements also provide that the retention payment will be payable in the event of a Change in Control or Strategic Business Transaction, or a termination of the executive’s employment by the Company without Cause or by Executive for Good Reason (as such terms are defined in the Retention Agreements), occurring prior to November 15, 2020.  

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 thereunto duly authorized.