Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 13, 2023, Scott Reed, President, Chief Executive Officer and Director
of LF Capital Acquisition Corp. II (the "Company") resigned from the board of
directors (the "Board"), effective immediately. In connection with such
resignation, Mr. Reed also resigned as the President and Chief Executive Officer
of the Company. Mr. Reed's decision to resign was not due to any dispute or
disagreement with the Company on any matter relating to the Company's
operations, policies or practices. Mr. Reed will continue to serve as an advisor
to the Company. Elias Farhat, who is also a member of the Board, has been
appointed as the Chief Executive Officer, effective immediately.
On March 13, 2023, the Company announced that Djemi Traboulsi, who serves as
Senior Vice President and Managing Director of the Company, was appointed to the
Board, to serve until the 2024 annual meeting of stockholders of the Company and
until his successor is elected and qualified.
Mr. Traboulsi served as a member of LF Capital Acquisition Corp.'s board of
directors from its inception through the completion of its business combination
with Landsea Homes in January 2021. Mr. Traboulsi served as President of Capital
E Advisors, Inc., Capital E Group's U.S. private equity and real estate research
arm, from 2005 to 2022. Mr. Traboulsi served as Managing Director of Kenmar
Capital Advisors (formerly Kenmar Advisory Corp.), an alternative asset manager,
from 1991 to 2001. Prior to 1991, Mr. Traboulsi held various M&A and corporate
finance positions with Mabon, Nugent & Co., an international investment bank and
brokerage firm. Mr. Traboulsi earned his bachelor's degree in business
administration from the American University of Paris, and he attended the
Leonard N. Stern School of Business at New York University. Mr. Traboulsi's
extensive experience in business and investing in and advising companies
qualifies him to serve on the Company's board of directors.
There is no arrangement or understanding between Mr. Traboulsi and any other
person pursuant to which Mr. Traboulsi was elected as a director of the Company,
and there are no transactions in which Mr. Traboulsi has an interest requiring
disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)© Edgar Online, source Glimpses
LF CAPITAL ACQUISITION CORP. II 
