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

From the Filing

0001213900-24-040056.txt : 20240506 0001213900-24-040056.hdr.sgml : 20240506 20240506152859 ACCESSION NUMBER: 0001213900-24-040056 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240506 DATE AS OF CHANGE: 20240506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lovesac Co CENTRAL INDEX KEY: 0001701758 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 320514958 STATE OF INCORPORATION: DE FISCAL YEAR END: 0204 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38555 FILM NUMBER: 24917254 BUSINESS ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-817-2279 MAIL ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 DEFA14A 1 ea0204343-03.htm ADDITIONAL 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 vo