Honest Company Files 8-K on Operations and Personnel
Ticker: HNST · Form: 8-K · Filed: Jan 8, 2025 · CIK: 1530979
| Field | Detail |
|---|---|
| Company | Honest Company, Inc. (HNST) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel, disclosure
TL;DR
Honest Company dropped an 8-K covering ops, exec changes, and Reg FD. Details TBD.
AI Summary
The Honest Company, Inc. filed an 8-K on January 8, 2025, reporting on events as of January 6, 2025. The filing covers results of operations, financial condition, director/officer changes, and Regulation FD disclosures. Specific details on financial performance or executive changes were not immediately available in the provided text.
Why It Matters
This filing provides updates on the company's operational and financial status, as well as any significant changes in its leadership or board of directors.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of operational and personnel information, not indicating immediate financial distress or significant negative events.
Key Players & Entities
- The Honest Company, Inc. (company) — Registrant
- January 6, 2025 (date) — Earliest event reported
- January 8, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 12130 Millennium Drive, #500 Los Angeles, CA 90094 (address) — Principal executive offices
FAQ
What specific financial results or conditions are being reported?
The filing indicates 'Results of Operations and Financial Condition' are being reported, but the specific details are not provided in the excerpt.
Are there any changes in directors or officers being announced?
Yes, the filing explicitly lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item being reported.
What is the significance of the 'Regulation FD Disclosure' item?
This indicates the company is making public disclosures to prevent selective disclosure of material non-public information.
When was the earliest event reported in this filing?
The earliest event reported was on January 6, 2025.
What is the company's principal executive office address?
The principal executive offices are located at 12130 Millennium Drive, #500, Los Angeles, CA 90094.
Filing Stats: 1,005 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2025-01-08 16:05:23
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share HNST The Nasdaq Sto
Filing Documents
- hnst-20250106.htm (8-K) — 34KB
- a8-kcfoexhibit991.htm (EX-99.1) — 13KB
- hnst-20250106_g1.jpg (GRAPHIC) — 36KB
- 0001530979-25-000006.txt ( ) — 277KB
- hnst-20250106.xsd (EX-101.SCH) — 2KB
- hnst-20250106_lab.xml (EX-101.LAB) — 24KB
- hnst-20250106_pre.xml (EX-101.PRE) — 14KB
- hnst-20250106_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 8, 2025, The Honest Company, Inc. (the "Company") issued a press release reaffirming its previously issued outlook for full year 2024 revenue and Adjusted EBITDA. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report") and incorporated herein by reference. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Chief Financial Officer On January 6, 2025, David Loretta, Chief Financial Officer ("CFO") of the Company, notified the Company of his intention to retire during the 2025 fiscal year, effective as of a date that is mutually acceptable to Mr. Loretta and the Company after a successor has been hired (the "Retirement Date"). The Company has initiated a search, with the assistance of a leading executive search firm, to identify a successor for the CFO position. Mr. Loretta will continue to serve as CFO and will continue to receive his current base salary and other benefits currently provided to him to serve as CFO until the Retirement Date. Mr. Loretta's decision to retire was not the result of any disagreement between Mr. Loretta and the Company. The Company anticipates that it will enter into a retirement agreement with Mr. Loretta, which will govern the terms of his retirement from the Company.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 8, 2025, the Company issued a press release announcing Mr. Loretta's retirement. The press release is furnished as Exhibit 99.1 to this Report and incorporated herein by reference. The information in Items 2.02 and 7.01 of this Report and the related Exhibit 99.1 attached hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933 (the "Securities Act"), as amended, or the Exchange Act whether made before or after the date of this Report, except as shall be expressly set forth by specific reference in such a filing.
Forward-Looking Statements
Forward-Looking Statements This Report contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act) that involve substantial risks and uncertainties. These forward-looking statements include, but are not limited to, statements concerning the timing and terms of Mr. Loretta's retirement. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will" or "would" or the negative of these words or other similar terms or expressions. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those in the forward-looking statements, including, without limitation, our ability to find a suitable successor to Mr. Loretta as well as the risks and uncertainties set forth in Part I, Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission ("SEC") on March 8, 2024, as updated by Part II, Item 1A, "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed with the SEC on November 12, 2024. Furthermore, such forward-looking statements speak only as of the date of this Report. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated January 8, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. The Honest Company, Inc. Date: January 8, 2025 By: /s/ David Loretta Name: David Loretta Title: Executive Vice President, Chief Financial Officer