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Live Ventures Incorporated (NASDAQ:LIVE), which has seen its stock surge nearly 96% over the past six months according to InvestingPro data, announced Wednesday the appointment of Greg LeClaire to its board of directors, effective immediately. The decision follows the passing of Richard D. Butler, Jr., who had served as a director for approximately 19 years since 2006.
The company stated that Mr. LeClaire will serve as a director until the next annual meeting of stockholders or until a successor is elected and qualified. He will also join each of the company’s standing committees as of his appointment.
According to the board, Mr. LeClaire meets the standards for independence under NASDAQ listing rule 5605(a)(2) and the heightened independence requirements for audit committee members. He is also recognized as an “audit committee financial expert” under Securities and Exchange Commission regulations and is considered financially literate as defined by NASDAQ standards.
Mr. LeClaire has previously served as an advisor to the board and audit committee since November 2020 and was a director of the company from May 2008 through January 2014, including roles as chair of the audit committee and member of the compensation committee. He is currently the Chief Financial Officer of Muso, Inc., a global healthcare nonprofit, a position he has held since November 2019. From December 2020 to June 2025, he was a member of the board of By the Bay Health, Inc. Mr. LeClaire has also served as Chief Financial Officer for other NASDAQ-listed and private companies.
The company noted there are no family relationships or related party transactions between Mr. LeClaire and any officers or directors. Mr. LeClaire will be eligible for cash compensation in line with other non-employee directors, as described in the company’s proxy statement filed with the SEC on May 21, 2025.
This information is based on a statement from a recent SEC filing. With the company’s next earnings report scheduled for August 7, investors seeking deeper insights into Live Ventures’ financial health and growth prospects can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and expert research reports for over 1,400 US stocks.
In other recent news, Live Ventures Inc. reported strong financial results for Q1 2025, with earnings per share (EPS) reaching $5.50, a significant improvement from a loss of $1.04 in the previous year. The company’s revenue was reported at $107 million, and net income increased to $15.9 million. Despite a decrease in total revenue by $9.8 million, the company’s operational efficiency improved, as evidenced by a gross margin increase to 32.8%. Additionally, Live Ventures secured a $22.8 million gain through seller note reductions. In the second quarter of 2025, Live Ventures continued to face challenges in its retail flooring and flooring manufacturing segments, but operational improvements were noted in its retail entertainment and steel manufacturing segments. The company successfully negotiated a $19 million reduction in flooring liquidators seller notes, contributing to its financial gains. Analysts noted that the EPS of $5.05 exceeded market expectations, highlighting a positive turnaround for the company. Live Ventures is actively working on diversifying its vendor relationships to mitigate potential future tariff impacts.
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