Solo Brands Announces Board Changes
Ticker: SBDS · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1870600
| Field | Detail |
|---|---|
| Company | Solo Brands, Inc. (SBDS) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-of-directors, executive-compensation
Related Tickers: DTC
TL;DR
Solo Brands board shake-up: director out, new one in, exec comp changes.
AI Summary
Solo Brands, Inc. announced on September 26, 2024, a change in its board of directors. Specifically, the company reported the departure of a director and the election of a new director, along with updates to its compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes and does not appear to involve significant financial transactions or operational disruptions.
Key Players & Entities
- Solo Brands, Inc. (company) — Registrant
- 001-40979 (company) — Commission File Number
- Delaware (company) — State of Incorporation
- 87-1360865 (company) — I.R.S. Employer Identification No.
- 1001 Mustang Dr. Grapevine, TX 76051 (company) — Principal Executive Offices Address
- ( 817 ) 900-2664 (company) — Registrant's Telephone Number
- September 26, 2024 (date) — Date of Report
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of a director and the election of a new director, though their names are not explicitly stated in this excerpt.
When did these board changes take effect?
The earliest event reported is dated September 26, 2024.
Are there any changes to executive compensation arrangements?
Yes, the filing notes updates to the compensatory arrangements of certain officers.
What is the company's principal executive office location?
The principal executive offices are located at 1001 Mustang Dr., Grapevine, TX 76051.
What is the Commission File Number for Solo Brands, Inc.?
The Commission File Number for Solo Brands, Inc. is 001-40979.
Filing Stats: 404 words · 2 min read · ~1 pages · Grade level 11.2 · Accepted 2024-09-26 18:24:56
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 par value per share DTC New York Stock
Filing Documents
- dtc-20240926.htm (8-K) — 23KB
- 0001870600-24-000106.txt ( ) — 159KB
- dtc-20240926.xsd (EX-101.SCH) — 2KB
- dtc-20240926_def.xml (EX-101.DEF) — 3KB
- dtc-20240926_lab.xml (EX-101.LAB) — 24KB
- dtc-20240926_pre.xml (EX-101.PRE) — 14KB
- dtc-20240926_htm.xml (XML) — 3KB
From the Filing
dtc-20240926 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): September 26, 2024 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Commission File Number 001-40979 Delaware 87-1360865 Incorporation or Organization I.R.S. Employer Identification No. 1001 Mustang Dr. Grapevine, TX 76051 Address of Principal Executive Offices Zip Code ( 817 ) 900-2664 Registrant's Telephone Number, Including Area Code Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 par value per share DTC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 23, 2024, Matthew Webb notified Solo Brands, Inc. (the "Company") of his decision to resign as Chief Operating Officer of the Company, effective September 27, 2024. The Company has transitioned his duties internally to other members of management and begun a search for his replacement. SIGNATURE 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. Solo Brands, Inc. (Registrant) Date: September 26, 2024 By: /s/ Kent Christensen Kent Christensen General Counsel