LiveWire Group Announces Board Member Resignation

LiveWire Group, Inc. (NYSE:LVWR), a manufacturer in the motorcycles, bicycles, and parts industry, announced the immediate resignation of John Garcia from its Board of Directors on Monday. The departure, effective as of Thursday, June 12, 2025, was not due to any disagreements with the company’s operations, policies, or practices. The company, currently valued at $1.15 billion, has shown significant stock volatility with a beta of 1.74, according to InvestingPro data.

Garcia’s resignation was confirmed through a regulatory filing with the Securities and Exchange Commission. The company expressed gratitude for Garcia’s contributions since its inception, but did not provide further details regarding the reasons for his departure or any potential successor. The news comes as LiveWire faces financial challenges, with InvestingPro data showing negative earnings of -$0.44 per share over the last twelve months.

LiveWire Group, which is based in Milwaukee, Wisconsin, is registered under the Central Index Key number 0001898795. The company, formerly known as LW EV Holdings, Inc., has its common stock and warrants to purchase common stock listed on the New York Stock Exchange under the symbols LVWR and LVWR WS, respectively.

The company’s filing also indicated that it is classified as an emerging growth company, which can provide certain reporting and regulatory advantages.

As required by the Securities Exchange Act of 1934, the report was signed by Allen Gerrard, General Counsel and Board Secretary of LiveWire Group, Inc. The company’s business address is 3700 West Juneau Avenue, Milwaukee, Wisconsin 53208, and the SEC filing number is 001-41511.

This news update is based on a press release statement from the company’s SEC filing.

In other recent news, LiveWire Group Inc. reported its Q1 2025 earnings, revealing an earnings per share (EPS) of -0.09 and revenue of $2.74 million. Despite the negative EPS, the market responded favorably, reflecting investor confidence in the company’s strategic direction. During the company’s 2025 Annual Meeting of Stockholders, all director nominees were elected for a one-year term, and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. The company is also evaluating cost-saving measures to reduce cash burn and operating losses, aiming for a sustainable business model with the existing funds. Harley Davidson, the parent company, is assessing its investment in LiveWire, considering external capital sources if needed. The strategic initiatives by Harley Davidson, including new product launches, are expected to positively influence LiveWire’s future performance. These developments are part of the broader context of LiveWire’s efforts to navigate challenges in the electric vehicle market.

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