Lovesac Co. Files 8-K: Board Changes & Executive Compensation

Ticker: LOVE · Form: 8-K · Filed: 2025-05-22T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

Related Tickers: LOVE

TL;DR

Lovesac's 8-K: Board shakeup and executive pay adjustments incoming. Watch for details.

AI Summary

On May 22, 2025, The Lovesac Company filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates the election of new directors and potential adjustments to compensatory arrangements for certain officers, though specific details on dollar amounts and new appointments are not yet fully elaborated in this initial report.

Why It Matters

Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can sometimes precede significant strategic shifts or indicate internal adjustments that may carry inherent risks.

Key Players & Entities

FAQ

What specific changes were made to The Lovesac Company's board of directors?

The filing indicates the election of directors, but the specific names of newly elected or departing directors are not detailed in this initial 8-K filing.

Are there any specific dollar amounts associated with the compensatory arrangements of certain officers mentioned?

The filing mentions compensatory arrangements of certain officers but does not provide specific dollar amounts or details in this report.

What is the primary reason for this 8-K filing?

This 8-K filing is primarily to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.

When was this report filed with the SEC?

This report was filed on May 22, 2025.

What is The Lovesac Company's principal executive office address?

The principal executive offices are located at 421 Atlantic Street, Stamford, Connecticut 06901.

From the Filing

0001213900-25-046859.txt : 20250522 0001213900-25-046859.hdr.sgml : 20250522 20250522163008 ACCESSION NUMBER: 0001213900-25-046859 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250522 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250522 DATE AS OF CHANGE: 20250522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lovesac Co CENTRAL INDEX KEY: 0001701758 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services EIN: 320514958 STATE OF INCORPORATION: DE FISCAL YEAR END: 0204 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38555 FILM NUMBER: 25977581 BUSINESS ADDRESS: STREET 1: 421 ATLANTIC STREET, SUITE 200 CITY: STAMFORD STATE: CT BUSINESS PHONE: 203-817-2279 MAIL ADDRESS: STREET 1: 421 ATLANTIC STREET, SUITE 200 CITY: STAMFORD STATE: CT 8-K 1 ea0242771-8k_lovesac.htm CURRENT REPORT false 0001701758 0001701758 2025-05-22 2025-05-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     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): May 22, 2025   THE LOVESAC COMPANY (Exact name of registrant as specified in its charter)   Delaware   001-38555   32-0514958 (State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer incorporation)     Identification No.)   421 Atlantic Street Stamford , Connecticut 06901 (Address of Principal Executive Offices, and Zip Code)   ( 888 ) 636-1223 Registrant’s Telephone Number, Including Area Code   Not Applicable  (Former name or former address, if changed since last report)   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 (see General Instruction A.2. below):   ☐ 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))   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, par value $0.00001 per share   LOVE   The NASDAQ Stock Market LLC   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 May 22, 2025, Mr. John Grafer notified the Board of Directors (the “Board”) of The Lovesac Company (the “Company”) of his decision to resign from the Board and all committees thereof, effective June 10, 2025 at the Company’s annual meeting, and not to stand for re-election at the annual meeting. Mr. Grafer’s decision to resign from the Board was not related to any disagreement wit

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