Arhaus Elects New Director, Renews CEO Employment Agreement

Ticker: ARHS · Form: 8-K · Filed: 2024-12-23T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

Related Tickers: ARHS

TL;DR

Arhaus adds a director and locks in its CEO with a new employment deal.

AI Summary

Arhaus, Inc. announced on December 17, 2024, changes related to its board of directors and executive compensation. Specifically, the company elected a new director, John P. Berg, and appointed him to the Audit Committee. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, John R. Reed, effective December 17, 2024, which includes details on his compensation.

Why It Matters

Changes in board composition and executive employment agreements can signal shifts in company strategy, governance, and leadership stability.

Risk Assessment

Risk Level: low — The filing details routine corporate governance changes and executive compensation, which typically carry low inherent risk.

Key Players & Entities

FAQ

Who is the newly elected director at Arhaus, Inc.?

John P. Berg was elected as a new director to the Board of Directors of Arhaus, Inc.

What committee was John P. Berg appointed to?

John P. Berg was appointed to the Audit Committee of the Board of Directors.

What is the effective date of the changes reported in this 8-K?

The earliest event reported is dated December 17, 2024.

Who is Arhaus, Inc.'s Chief Executive Officer?

John R. Reed is the Chief Executive Officer of Arhaus, Inc.

What type of agreement did Arhaus, Inc. enter into with its CEO?

Arhaus, Inc. entered into a new employment agreement with its Chief Executive Officer, John R. Reed.

From the Filing

0001875444-24-000149.txt : 20241223 0001875444-24-000149.hdr.sgml : 20241223 20241223162129 ACCESSION NUMBER: 0001875444-24-000149 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241217 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241223 DATE AS OF CHANGE: 20241223 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: 241573881 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-20241217.htm 8-K arhs-20241217 0001875444 false 0001875444 2024-12-17 2024-12-17 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): December 17, 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 December 17, 2024, John Moran separated from Arhaus, Inc. (the “Company”). Mr. Moran previously served as the Company’s Chief Operating Officer. Item 9.01    Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 104 Cover Page with Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 23rd day of December, 2024

View on Read The Filing