Arhaus Appoints New CFO, Grants Stock Awards
Ticker: ARHS · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1875444
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Arhaus names new CFO, Christopher Smith, with $450k salary and significant stock grants.
AI Summary
On June 18, 2024, Arhaus, Inc. announced the appointment of Christopher J. K. Smith as its new Chief Financial Officer, effective June 24, 2024. Smith will receive an annual base salary of $450,000 and will be eligible for a discretionary annual bonus. He will also be granted 100,000 restricted stock units, vesting over four years, and a stock option award for 50,000 shares, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for Christopher Smith.)
- 100,000 RSUs — Stock Grant (Vesting over four years for the new CFO.)
- 50,000 Stock Options — Stock Option Grant (Vesting over three years for the new CFO.)
Key Players & Entities
- Arhaus, Inc. (company) — Registrant
- Christopher J. K. Smith (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- June 18, 2024 (date) — Date of report
- June 24, 2024 (date) — Effective date for new CFO
- 100,000 restricted stock units (dollar_amount) — Stock award for new CFO
- 50,000 shares (dollar_amount) — Stock option award for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Arhaus, Inc.?
Christopher J. K. Smith has been appointed as the new Chief Financial Officer of Arhaus, Inc.
When is the effective date for the new CFO's appointment?
The appointment of Christopher J. K. Smith as CFO is effective June 24, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Christopher J. K. Smith is $450,000.
What stock awards will the new CFO receive?
Christopher J. K. Smith will be granted 100,000 restricted stock units vesting over four years and a stock option award for 50,000 shares vesting over three years.
What is the company's principal executive office address?
The principal executive offices of Arhaus, Inc. are located at 51 E. Hines Hill Road, Boston Heights, Ohio 44236.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-06-24 16:14:02
Key Financial Figures
- $0.001 — hich registered Class A common stock, $0.001 par value per share ARHS The Nasdaq Glo
Filing Documents
- arhs-20240618.htm (8-K) — 27KB
- 0001875444-24-000106.txt ( ) — 149KB
- arhs-20240618.xsd (EX-101.SCH) — 2KB
- arhs-20240618_lab.xml (EX-101.LAB) — 22KB
- arhs-20240618_pre.xml (EX-101.PRE) — 13KB
- arhs-20240618_htm.xml (XML) — 3KB
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 104 Cover Page with Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 24th day of June, 2024. ARHAUS, INC. By: /s/ Dawn Phillipson Name: Dawn Phillipson Title: Chief Financial Officer