{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-011698","form_type":"8-K","ticker":null,"cik":"0001056285","company_name":"BRAND HOUSE COLLECTIVE, INC.","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.793546+00:00","generated_at":"2026-06-17T06:15:11.259460+00:00","sec_items":["1.01","2.02","2.03","5.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kirkland's Q4 net loss $3.8M, sales -6.1%; CEO retires; credit line expands to $90M","bullets":["Q4 net loss $3.8M ($0.30 per diluted loss) vs prior-year net income $12.5M ($0.91 EPS).","Full-year net loss $44.7M ($3.52 per diluted loss) vs prior-year net income $22.0M ($1.51 EPS).","CEO Steve Woodward to retire effective May 31, 2023; board member Ann Joyce named Interim CEO.","Amy Sullivan promoted to President & COO effective April 5, 2023.","Credit agreement amended: revolver increased from $75M to $90M, maturity extended to March 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-011698","json":"https://secwatch.observer/filing/0000950170-23-011698.json","markdown":"https://secwatch.observer/filing/0000950170-23-011698.md","text":"https://secwatch.observer/filing/0000950170-23-011698.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/kirk-20230331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:15:11.259460+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3f73cc5b0cf930228cb98df566a44a9347477eaa","claim":"BRAND HOUSE COLLECTIVE, INC. incurred revolving credit of $90 million senior secured revolving credit facility with Bank of America, N.A., as administrative agent and collateral agent, and lender at forward-looking Secured Overnight Financing Rate (“SOFR”) plus a margin ranging maturing March 2028.","evidence_excerpt":"The 2023 Credit Agreement expands the 2019 Credit Agreement from a $75 million senior secured revolving credit facility to a $90 million senior secured revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$90 million senior secured revolving credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent and collateral agent, and lender"},{"label":"Rate","value":"forward-looking Secured Overnight Financing Rate (“SOFR”) plus a margin ranging"},{"label":"Maturity","value":"March 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a6b19e8424f9b13d42000c2c6882379559905ba9","claim":"BRAND HOUSE COLLECTIVE, INC. reported financial results for the fourth fiscal quarter and fiscal year ended January 28, 2023.","evidence_excerpt":"On April 4, 2023, the Company issued a press release reporting its results of operations for the fourth fiscal quarter and fiscal year ended January 28, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth fiscal quarter and fiscal year ended January 28, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9263ce5d1f","claim":"Steve Woodward retired as Chief Executive Officer at BRAND HOUSE COLLECTIVE, INC..","evidence_excerpt":"On April 4, the Company announced that its Chief Executive Officer Steve “Woody” Woodward would retire effective May 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cbadc26d85","claim":"Amy E. Sullivan was appointed as President and Chief Operating Officer at BRAND HOUSE COLLECTIVE, INC..","evidence_excerpt":"The Company also announced the appointment of Amy E. Sullivan as President and Chief Operating Officer effective April 5, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"85ac706c6cabcdc397707c5bf38fe24790817d52","claim":"BRAND HOUSE COLLECTIVE, INC. entered into Third Amended and Restated Credit Agreement with Bank of America, N.A. valued at $90 million senior secured revolving credit facility (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, Kirkland's Inc. (the “Company”), entered into a Third Amended and Restated Credit Agreement (the “2023 Credit Agreement”), by and among the Company, which together with one of its subsidiaries, serves as a guarantor thereunder, the remaining of the Company’s subsidiaries as borrowers (the “Borrowers”), Bank of America, N.A., as administrative agent and collateral agent, and lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$90 million senior secured revolving credit facility"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}