Camping World CEO to fund employee assistance
LINCOLNSHIRE -- Camping World Holdings Chairman and CEO Marcus Lemonis said he plans to provide financial assistance to company employees experiencing personal and financial difficulties as the result of the COVID-19 pandemic.
Lemonis plans to sell up to 500,000 shares of class A common stock that he owns at a future date in accordance with applicable securities laws. and contribute the proceeds to fund specific employee relief.
The fund is an addition to assistance the company is providing.
"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," Lemonis said. " 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."