Short answer
Latham Group, Inc. (SWIM) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders), Item EX-99.1 (Exhibit EX-99.1). Fiscal first-quarter results cover the period ended March 28, 2026.
Latham Group, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Fiscal first-quarter results cover the period ended March 28, 2026
- Press release issued May 5, 2026 with detailed financial results in Exhibit 99
Item 5.02 · Departure/Election of Directors or Officers
- Stockholders approved 3,400,000 additional shares for the 2021 Omnibus Equity Incentive Plan
- Expanded equity pool increases potential dilution for existing shareholders
- Amendment became effective April 30, 2026, following annual meeting approval
- Larger award capacity supports employee and executive compensation flexibility
Item 5.07 · Submission of Matters to a Vote of Security Holders
- Three Class II nominees elected through 2029; Sean Gadd received strongest support with 94,788,642 votes
- Director support varied materially, with William M. Pruellage receiving 82,179,598 votes for and 18,303,055 withheld
- Deloitte & Touche ratified as independent auditor for 2026, with 101,232,411 votes for
- Second Amendment to 2021 Omnibus Equity Incentive Plan approved, with 95,094,524 votes for
Item EX-99.1 · Exhibit EX-99.1
- Q1 net sales $117.3M, up 5.3%, with growth across pools, covers, and liners despite adverse North American weather
- Gross margin expanded 220 basis points to 31.7%; Adjusted EBITDA rose 9.2% to $12.2M
- Net loss widened to $8.5M, or $0.07 per diluted share, as SG&A increased 19.5% to $36.6M
- Liquidity tightened: cash fell to $27.5M, operating cash usage reached $47.7M, and total debt stood at $311.2M
- FY2026 guidance reaffirmed: net sales $580M–$610M, Adjusted EBITDA $105M–$120M, and capital expenditures $42M–$48M
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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