---
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"
generated_at: "2026-06-29T15:13:18.257450+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Laird Superfood Q2 sales up 64% to $9.2M; CEO Paul Hodge to step down

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-243385
- JSON: https://secwatch.observer/filing/0001193125-21-243385.json
- Plain text: https://secwatch.observer/filing/0001193125-21-243385.txt

## Key facts
- Executive change
  Paul Hodge, Jr. changed role as President and Chief Executive Officer at Laird Superfood, Inc..
  - Action: stepping down
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1650696/000119312521243385/0001193125-21-243385-index.htm

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