---
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"
generated_at: "2026-06-17T06:15:11.259460+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kirkland's Q4 net loss $3.8M, sales -6.1%; CEO retires; credit line expands to $90M

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-011698
- form_type: 8-K
- cik: 0001056285
- company_name: BRAND HOUSE COLLECTIVE, INC.
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-011698
- JSON: https://secwatch.observer/filing/0000950170-23-011698.json
- Plain text: https://secwatch.observer/filing/0000950170-23-011698.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $90 million senior secured revolving credit facility
  - Counterparty: Bank of America, N.A., as administrative agent and collateral agent, and lender
  - Rate: forward-looking Secured Overnight Financing Rate (“SOFR”) plus a margin ranging
  - Maturity: March 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm
- Earnings Releases
  BRAND HOUSE COLLECTIVE, INC. reported financial results for the fourth fiscal quarter and fiscal year ended January 28, 2023.
  - Period: the fourth fiscal quarter and fiscal year ended January 28, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm
- Executive change
  Steve Woodward retired as Chief Executive Officer at BRAND HOUSE COLLECTIVE, INC..
  - Action: retired
  - Role: Chief Executive Officer
  source text: On April 4, the Company announced that its Chief Executive Officer Steve “Woody” Woodward would retire effective May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm
- Executive change
  Amy E. Sullivan was appointed as President and Chief Operating Officer at BRAND HOUSE COLLECTIVE, INC..
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: The Company also announced the appointment of Amy E. Sullivan as President and Chief Operating Officer effective April 5, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $90 million senior secured revolving credit facility
  - Effective: 2023-03-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017023011698/0000950170-23-011698-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.