secwatch.observer — SEC 8-K summary
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Issuer:     Laird Superfood, Inc. (LSF)
CIK:        0001650696
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001193125-21-243385
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650696/000119312521243385/0001193125-21-243385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650696/000119312521243385/d179092d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-243385

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer