---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-037389"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:34:37.415267+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tile Shop board OKs 'going dark' via reverse split; small holders cashed out at $6.60/sh

## Summary
- Reverse stock split ratio between 1-for-2,000 and 1-for-4,000; small holders receive $6.60 cash per share.
- Estimated 726,000 shares (16% of outstanding) cashed out; total cost ~$4.8M plus ~$523k expenses.
- Company expects annual savings of ~$2.4M after delisting and deregistration from SEC.
- Special stockholder vote set for December 2025; directors/execs owning 36.9% plan to vote 'FOR'.
- Fairness opinion from GuideCap Partners; cash-out price is a premium to Oct 2, 2025 closing price.

## SEC filing metadata
- accession: 0001140361-25-037389
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000114036125037389/0001140361-25-037389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000114036125037389/ef20056715_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-037389
- JSON: https://secwatch.observer/filing/0001140361-25-037389.json
- Plain text: https://secwatch.observer/filing/0001140361-25-037389.txt

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