LiveWire Names Chief Restructuring Officer, Forms Special Restructuring Committee After CEO Exit
LVWR has more than doubled off its 52-week low of $0.648 on light trading volume (0.1× avg).
Summary
Days after CEO Karim Donnez resigned, LiveWire's board created a Special Restructuring Committee and hired Ankura's Roy Gallagher as Chief Restructuring Officer at $140,000 a month. The committee now controls any sale, financing or recapitalization.
Key Events · Executive and Board Changes · LVWR
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Restructuring Committee Takes Control
The board formed a Special Restructuring Committee of William Cornog and David Barse with authority to negotiate and recommend or reject any debt or equity financing, sale, restructuring, recapitalization or strategic transaction, and sole authority over conflict matters.
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Outside Turnaround Chief Installed
Roy Gallagher, Senior Managing Director at Ankura Consulting Group, was appointed Chief Restructuring Officer effective October 25, 2026, reporting to the committee and serving as principal executive officer.
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Ankura Fee Is $140,000 Monthly
Under the October 25, 2026 engagement letter, LiveWire pays Ankura $140,000 per month for Gallagher's services plus hourly fees for additional Ankura personnel and expense reimbursement; Gallagher receives no compensation directly from the company.
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Two New Directors Seated
David Barse and Scott Nash joined the board effective October 22, 2026. Barse receives $45,000 per month plus a $7,500 per diem in certain legal-action circumstances; Nash, a Harley-Davidson employee, receives no additional director pay.
Analysis · LVWR · Manufacturing
LiveWire has effectively handed control of its strategic options to a two-director restructuring committee and installed an outside turnaround specialist as its top executive. Roy Gallagher of Ankura becomes Chief Restructuring Officer and principal executive officer, reporting to the committee rather than the full board, at a cost of $140,000 a month plus hourly fees. That committee can approve or reject any financing, sale, recapitalization or other strategic transaction, and holds sole authority over conflict matters — a structure companies typically adopt when a sale, restructuring or rescue financing is genuinely on the table. The move follows a delisting notice in July, a brief recovery to NYSE compliance in August, and a CEO resignation on October 21. This is a company preparing for hard choices, not business as usual.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LVWR was trading at $1.66 on NYSE in the Manufacturing sector, with a market capitalization of approximately $338.9M. The 52-week trading range was $0.65 to $6.44. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.