{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-243385","form_type":"8-K","ticker":"LSF","cik":"0001650696","company_name":"Laird Superfood, Inc.","filed_at":"2021-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.018429+00:00","generated_at":"2026-06-29T15:13:18.257450+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Laird Superfood Q2 sales up 64% to $9.2M; CEO Paul Hodge to step down","bullets":["Net sales $9.2M (+64% YoY); DTC up 94%, wholesale up 77%; net loss $6.3M ($0.70 per share).","Gross margin 23.9% vs 23.6% prior year; operating expenses doubled to $8.5M.","Cash and investments $43.6M, virtually no debt ($51k) as of June 30, 2021.","CEO Paul Hodge transitioning to non-executive role; board searching for successor with large CPG experience.","H1 2021 net sales $16.6M (+50%); operating loss $11.6M vs $5.0M in prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-243385","json":"https://secwatch.observer/filing/0001193125-21-243385.json","markdown":"https://secwatch.observer/filing/0001193125-21-243385.md","text":"https://secwatch.observer/filing/0001193125-21-243385.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650696/000119312521243385/0001193125-21-243385-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650696/000119312521243385/d179092d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T15:13:18.257450+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":"8ea0c54d8c","claim":"Paul Hodge, Jr. changed role as President and Chief Executive Officer at Laird Superfood, Inc..","evidence_excerpt":"On August 5, 2021, Paul Hodge, Jr. informed the Company’s Board of Directors that he intends to transition to a non-executive role and step down as President and Chief Executive Officer upon identifying an appropriate successor.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650696/000119312521243385/0001193125-21-243385-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepping down"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}