A.K.A. Brands Appoints Interim CEO, CFO Amid Executive Changes

TL;DR

AKA Brands CEO OUT, Interim CEO & New CFO IN as of May 15th.

AI Summary

On May 15, 2024, A.K.A. Brands Holding Corp. announced a series of executive and board changes. Effective May 15, 2024, Michael B. Casey was appointed as Interim Chief Executive Officer and a member of the Board of Directors. Concurrently, Jill Ramsey resigned from her positions as Chief Executive Officer and Board member. The company also announced the appointment of Amy W. Geren as Chief Financial Officer, effective May 15, 2024.

Why It Matters

This filing indicates significant leadership transitions at A.K.A. Brands, including the departure of the CEO and the appointment of new interim leadership, which could signal strategic shifts or operational adjustments.

Risk Assessment

Risk Level: medium — Executive changes, especially the departure of a CEO, can introduce uncertainty and potential strategic shifts, impacting the company's future performance.

Key Players & Entities

• A.K.A. Brands Holding Corp. (company) — Registrant
• Michael B. Casey (person) — Appointed Interim Chief Executive Officer and Board Member
• Jill Ramsey (person) — Resigned as Chief Executive Officer and Board Member
• Amy W. Geren (person) — Appointed Chief Financial Officer
• May 15, 2024 (date) — Effective date of appointments and resignation

FAQ

Key Financial Figures

• $0.001 — ch registered: Common Stock, par value $0.001 per share AKA New York Stock Exchange
• $15 — Price Per Share Goal Shares Vesting 1 $15 10,000 2 $20 10,000 3 $25 12,500 4 $
• $20 — re Goal Shares Vesting 1 $15 10,000 2 $20 10,000 3 $25 12,500 4 $30 12,500 5 $
• $25 — Vesting 1 $15 10,000 2 $20 10,000 3 $25 12,500 4 $30 12,500 5 $45 15,000 6 $
• $30 — 5 10,000 2 $20 10,000 3 $25 12,500 4 $30 12,500 5 $45 15,000 6 $60 15,000 7 $
• $45 — 0 10,000 3 $25 12,500 4 $30 12,500 5 $45 15,000 6 $60 15,000 7 $75 17,500 8 $
• $60 — 5 12,500 4 $30 12,500 5 $45 15,000 6 $60 15,000 7 $75 17,500 8 $90 17,500 9 $
• $75 — 0 12,500 5 $45 15,000 6 $60 15,000 7 $75 17,500 8 $90 17,500 9 $105 20,000 10
• $90 — 5 15,000 6 $60 15,000 7 $75 17,500 8 $90 17,500 9 $105 20,000 10 $120 20,000
• $105 — 0 15,000 7 $75 17,500 8 $90 17,500 9 $105 20,000 10 $120 20,000 Total 150,000
• $120 — 17,500 8 $90 17,500 9 $105 20,000 10 $120 20,000 Total 150,000 SIGNATURES Pur

Filing Documents

• aka-20240515.htm (8-K) — 36KB
• 0001865107-24-000050.txt ( ) — 163KB
• aka-20240515.xsd (EX-101.SCH) — 2KB
• aka-20240515_lab.xml (EX-101.LAB) — 23KB
• aka-20240515_pre.xml (EX-101.PRE) — 13KB
• aka-20240515_htm.xml (XML) — 3KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 15, 2024 (the "Grant Date"), the Board of Directors (the "Board") of a.k.a. Brands Holding Corp. (the "Company"), upon the recommendation of the Compensation Committee of the Board, approved a grant of 150,000 performance-based restricted stock units ("PSUs") to Ciaran Long, the Company's Interim Chief Executive Officer and Chief Financial Officer, under the a.k.a. Brands Holding Corp. 2021 Omnibus Incentive Plan, as amended (the "Plan"). Each PSU represents a contingent right to receive one share of the Company's common stock, $0.001 par value per share ("Common Stock"), upon the vesting of such PSU. The grant of PSUs is divided into ten tranches (each, a "Tranche"), with each Tranche eligible to vest during a period beginning on the Grant Date and ending on the earlier of the closing of a Change of Control (as defined in the Plan) and May 15, 2029 (the "Performance Period") based on the achievement of certain price per share goals of Common Stock, as set forth in the table below. The vesting of the PSUs will cease upon Mr. Long's Termination (as defined in the Plan) or the expiration of the Performance Period. Except as provided below, the applicable Tranche of PSUs will vest on the first date during the Performance Period on which the applicable price per share goal is achieved. If any price per share goal is achieved prior to April 1, 2025, the vesting date for the applicable Tranche(s) will be April 1, 2025. Each Tranche's price per share goal will be considered achieved if the average closing price per share of Common Stock for a 30 consecutive tradingday period equals or exceeds the price per share goal or, in the case of a Change of Control, the price per share paid by the acquiror equals or exceeds the price per share goal. Tranche Price Per Share Goal Shares Vesting 1 $15 10,000 2 $20 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. a.k.a. Brands Holding Corp. Date: May 16, 2024 By: /s/ Ciaran Long Name: Ciaran Long Title: Interim Chief Executive Officer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR