Lovesac Files Proxy Statement Amendment

TL;DR

Lovesac filed an amendment to its proxy statement, likely with more info for shareholders.

AI Summary

The Lovesac Company filed an amendment (Amendment No. 1) to its Definitive Proxy Statement (DEFA14A) on May 6, 2024. This filing is related to additional materials provided to shareholders concerning the company's annual meeting. The filing does not appear to contain new proposals or significant financial updates but rather supplementary information.

Why It Matters

This filing provides updated or additional information to shareholders regarding the company's governance and upcoming meeting, ensuring they have the most current details for voting.

Risk Assessment

Risk Level: low — This is a routine amendment to a proxy statement, typically containing supplementary information rather than new material risks.

Key Players & Entities

• Lovesac Co (company) — Registrant
• 0001213900-24-040056 (filing_id) — Accession Number
• May 6, 2024 (date) — Filing Date

FAQ

Filing Documents

• ea0204343-03.htm (DEFA14A) — 36KB
• 0001213900-24-040056.txt ( ) — 37KB

From the Filing

MATERIALS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 __________________ SCHEDULE 14A __________________ Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. 1) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box:   Preliminary Proxy Statement   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material Pursuant to §240.14a -12 THE LOVESAC COMPANY (Name of Registrant as Specified in its Charter) _____________________________________________________________ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply):   No fee required.   Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11 .   THE LOVESAC COMPANY AMENDMENT TO DEFINITIVE PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 11, 2024 Explanatory Note This amendment (the “Amendment”) amends the definitive proxy statement filed on April 25, 2024 (the “Proxy Statement”) of The Lovesac Company (the “Company”) in connection with its Annual Meeting of Stockholders (the “Meeting”) to be held on June 11, 2024 at 10 a.m. Eastern Time (the “Annual Meeting”). This Amendment modifies certain disclosure in the Proxy Statement related to the effect of abstentions on certain proposals set forth in the Proxy Statement and clarifies that an abstention will have no effect on the outcome of Proposals 1, 2, 3 and 4. This Amendment should be read in conjunction with the Proxy Statement. Except as specifically amended herein, all information in the Proxy Statement remains unchanged. No other changes have been made to the Proxy Statement. Amendments to the Proxy Statement The text under the caption “General Information — What vote is required to approve each item to be voted on at the Annual Meeting?” on pages 2 and 3 is hereby revised in its entirety to read as follows: PROPOSAL 1: Election of Directors  — A plurality of the votes cast at the Annual Meeting and entitled to vote on the election of directors is required for the election of directors. This means that the eight (8) director nominees receiving the highest number of affirmative votes of the shares cast at the Annual Meeting and entitled to vote on the election of directors will be elected to our Board. Abstentions, broker non -votes  and votes marked “WITHHOLD AUTHORITY FOR ALL NOMINEES” will have no legal effect on the outcome of the election of directors. With respect to votes marked “FOR ALL EXCEPT,” votes for director nominees that are withheld will have no legal effect on the outcome of the election of directors, while votes for all other director nominees will count toward a plurality. Broker non -votes  will have no effect on the outcome of this proposal. PROPOSAL 2: Advisory Approval of the Company’s Fiscal 2024 Compensation for its Named Executive Officers  — The approval, on an advisory basis, of the Company’s fiscal 2024 compensation for its named executive officers requires the “FOR” vote of a majority of the votes cast at the Annual Meeting and entitled to vote at the meeting. You may vote “FOR,” “AGAINST,” or “ABSTAIN” with respect to this proposal. Abstentions and broker non -votes  will have no effect on the outcome of this proposal. PROPOSAL 3: Approval of Amendment No. 2 of the Second Amended and Restated 2017 Equity Incentive Plan  — This proposal requires the affirmative vote of a majority of the votes cast at the Annual Meeting and entitled to vote at the meeting. You may vote “FOR,” “AGAINST,” or “ABSTAIN” with respect to this proposal. Abstentions and broker non -votes  will have no effect on the outcome of this proposal. PROPOSAL 4: Ratification of the Appointment of the Independent Registered Public Accounting Firm for the Year Ending February 2, 2025  — The affirmative vote of the holders of a majority of the votes cast at the Annual Meeting and entitled to vote at the meeting is required to approve this proposal. You may vote “FOR,” “AGAINST,” or “ABSTAIN” with respect to this proposal. Abstentions will have no effect on

View Full Filing

View this DEFA14A filing on SEC EDGAR