Arhaus, Inc. Announces Director Changes and Officer Compensation Details

Ticker: ARHS · Form: 8-K · Filed: 2024-03-18T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-compensation, director-change

Related Tickers: ARHS

TL;DR

Arhaus board shakeup: Director out, new director in, officer pay details filed.

AI Summary

Arhaus, Inc. announced on March 12, 2024, the departure of Director John A. Ryan and the appointment of new Director Christopher J. Rigney. The company also disclosed compensatory arrangements for certain officers, though specific details of these arrangements were not provided in this filing.

Why It Matters

Changes in board composition and executive compensation 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 compensation disclosures, which typically carry low immediate risk.

Key Players & Entities

FAQ

Who has departed from Arhaus, Inc.'s board of directors?

John A. Ryan has departed from Arhaus, Inc.'s board of directors as of March 12, 2024.

Who has been appointed as a new director to Arhaus, Inc.'s board?

Christopher J. Rigney has been appointed as a new director to Arhaus, Inc.'s board.

What is the exact date of the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on March 12, 2024.

What specific compensatory arrangements for officers are mentioned in the filing?

The filing mentions compensatory arrangements of certain officers but does not provide specific details within the provided text.

What is Arhaus, Inc.'s principal executive office address?

Arhaus, Inc.'s principal executive office is located at 51 E. Hines Hill Road, Boston Heights, Ohio 44236.

From the Filing

0001875444-24-000039.txt : 20240318 0001875444-24-000039.hdr.sgml : 20240318 20240318082951 ACCESSION NUMBER: 0001875444-24-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240312 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240318 DATE AS OF CHANGE: 20240318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Arhaus, Inc. CENTRAL INDEX KEY: 0001875444 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 871729256 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41009 FILM NUMBER: 24756995 BUSINESS ADDRESS: STREET 1: 51 EAST HINES HILL ROAD CITY: BOSTON HEIGHTS STATE: OH ZIP: 44236 BUSINESS PHONE: 440-439-7700 MAIL ADDRESS: STREET 1: 51 EAST HINES HILL ROAD CITY: BOSTON HEIGHTS STATE: OH ZIP: 44236 8-K 1 arhs-20240312.htm 8-K arhs-20240312 0001875444 false 0001875444 2024-03-18 2024-03-18 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): March 12, 2024 ___________________________________ Arhaus, Inc. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State or other jurisdiction of incorporation or organization) 001-41009 (Commission File Number) 87-1729256 (I.R.S. Employer Identification Number) 51 E. Hines Hill Road , Boston Heights , Ohio (Address of Principal Executive Offices) 44236 (Zip Code) ( 440 ) 439-7700 (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 Name of each exchange on which registered Class A common stock, $0.001 par value per share ARHS The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Exchange Act of 1934. 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; Co mpensatory Arrangements of Certain Officers. On March 12, 2024, John Moran (age 61) was appointed Chief Operating Officer of Arhaus, Inc. (the “Company”), effective May 6, 2024. Prior to joining the Company, he was Chief Operating Officer of Canada Goose Holdings Inc. (a global performance luxury and lifestyle brand) from 2022 to 2024. Mr. Moran previously served in various capacities at Canada Goose, including as Executive Vice President, Manufacturing and Supply Chain from 2018 to 2022, Senior Vice President, Manufacturing and Supply Chain from 2017 to 2018, and Vice President of Manufacturing from 2014 until 2017. In connection with his appointment, Mr. Moran will receive a base salary of $490,000, sub

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