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CWH

Camping World

$6.28 /

+1.385 (+28.29%)

05:15
03/25/20
03/25
05:15
03/25/20
05:15

Camping World CEO Marcus Lemonis to sell 500M shares to contribute to employees

Camping World announced that Marcus Lemonis, the company's Chairman and CEO, plans to provide financial assistance to company employees who are experiencing personal and financial difficulties as the result of the COVID-19 pandemic. Mr. Lemonis intends to sell up to 500,000 shares of Class A common stock that he beneficially owns at a future date in accordance with applicable securities laws and contribute the proceeds to fund specific employee relief, which is in addition to the assistance the company is providing. Marcus Lemonis made the decision in 2016 to not take any form of compensation in his role as Chairman and CEO of CWH. According to Mr. Lemonis, "Camping World is the most important part of my life and the Camping World team, many of which have been with the company for years are the reason why. The associates are what make this Company what it is and while they are not asking for a handout, I will do everything I can to protect their personal and financial well-being. They have always taken care of the customer, taken care of each other and taken care of me. We are in unprecedented times and we are all making sacrifices, but it is important for us all to do more and I'm reaching into my pocket to protect the team."

CWH Camping World
$6.28 /

+1.385 (+28.29%)

01/14/20 Northcoast
Camping World upgraded to Buy from Neutral at Northcoast
11/25/19 Citi
Camping World price target raised to $14 from $11 at Citi
09/04/19 BofA
BofA lowers price targets on RV names Camping World, Patrick, Thor
08/15/19 Northcoast
Camping World downgraded to Neutral from Buy at Northcoast

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