Solo Brands Appoints New CFO, Grants Stock Awards

TL;DR

Solo Brands gets a new CFO, Christopher Hogue, starting Aug 12th with $375k salary + stock.

AI Summary

Solo Brands, Inc. announced on August 8, 2024, the appointment of Christopher J. Hogue as Chief Financial Officer, effective August 12, 2024. Hogue will receive an annual base salary of $375,000 and will be eligible for an annual cash incentive award. He will also be granted 150,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $375,000 — CFO Annual Base Salary (This is the starting compensation for the new Chief Financial Officer.)
• 150,000 — Restricted Stock Units Granted (These RSUs are part of the new CFO's compensation package and vest over three years.)

Key Players & Entities

• Solo Brands, Inc. (company) — The company filing the report.
• Christopher J. Hogue (person) — Newly appointed Chief Financial Officer.
• $375,000 (dollar_amount) — Annual base salary for the new CFO.
• August 8, 2024 (date) — Date of the earliest event reported.
• August 12, 2024 (date) — Effective date of the new CFO's appointment.
• 150,000 (dollar_amount) — Number of restricted stock units granted to the new CFO.

FAQ

From the Filing

0001870600-24-000103.txt : 20240814 0001870600-24-000103.hdr.sgml : 20240814 20240814164312 ACCESSION NUMBER: 0001870600-24-000103 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240808 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240814 DATE AS OF CHANGE: 20240814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Solo Brands, Inc. CENTRAL INDEX KEY: 0001870600 STANDARD INDUSTRIAL CLASSIFICATION: [3949] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 871360865 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40979 FILM NUMBER: 241208955 BUSINESS ADDRESS: STREET 1: 1001 MUSTANG DR CITY: GRAPEVINE STATE: TX ZIP: 76051 BUSINESS PHONE: (817) 900-2664 MAIL ADDRESS: STREET 1: 1001 MUSTANG DR CITY: GRAPEVINE STATE: TX ZIP: 76051 8-K 1 dtc-20240808.htm 8-K dtc-20240808 0001870600 ☐ 0001870600 2024-05-24 2024-05-24 0001870600 2024-08-08 2024-08-08 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): August 8, 2024 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Commission File Number 001-40979 Delaware 87-1360865 State or Other Jurisdiction of 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 August 8, 2024, Marc Randolph notified the board of directors (the “Board”) of Solo Brands, Inc. (the “Company”) that he plans to resign from the Board effective August 31, 2024, due to personal reasons. Mr. Randolph’s departure is not due to any disagreement with the Company on any matter relating to the operations, policies or practices of the Company. The Company thanks Mr. Randolph for his service over the last few years. The Company has 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 thereun