Solo Brands cuts FY23 guidance and appoints Christopher Metz as CEO

Solo Brands, Inc.

FY23 revenue guidance lowered to $490M–$500M from prior $520M–$540M.
Adjusted EBITDA margin now 14%–15%, down from 17%–18% due to weak direct channel sales.
Christopher Metz appointed President & CEO effective Jan 15, 2024; succeeds John Merris in mutual separation.
Metz previously CEO of Vista Outdoor; employment agreement includes $850K base salary and equity awards.
Interim CFO cites softer direct channel sales; marketing campaigns raised awareness but not sales lift.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Christopher Metz

President and Chief Executive Officer

SBDS · Solo Brands, Inc.

Effective: 2024-01-15
Filed: January 8, 2024, 6:59 PM ET

On January 3, 2024, the Board of Directors of the Company (the “Board”) appointed Mr. Christopher Metz as the Company’s President and Chief Executive Officer, effective as of January 15, 2024 (the “Effective Date”).

Departed

John Merris

President and Chief Executive Officer

SBDS · Solo Brands, Inc.

Effective: 2024-01-15
Successor: Christopher Metz
Filed: January 8, 2024, 6:59 PM ET

Mr. Metz succeeds Mr. John Merris, who has mutually separated from the Company as a Director and the President and Chief Executive Officer of the Company, as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Solo Brands, Inc. reported full fiscal year 2023 results: revenue between $490 million and $500 million. Guidance lowered.

Period: full fiscal year 2023
Revenue: between $490 million and $500 million
Guidance: lowered
Result: guidance update

Exact text from the filing

Guidance Update for Fiscal Year 2023 • Revenue is now expected to be between $490 million and $500 million. This compares to our previous guidance of $520 million to $540 million. • Adjusted EBITDA margin (1) is now expected to be in the range of 14% to 15%.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Metz was appointed as President and Chief Executive Officer at Solo Brands, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 3, 2024, the Board of Directors of the Company (the “Board”) appointed Mr. Christopher Metz as the Company’s President and Chief Executive Officer, effective as of January 15, 2024 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Merris departed as President and Chief Executive Officer at Solo Brands, Inc..

Action: mutually separated
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Metz succeeds Mr. John Merris, who has mutually separated from the Company as a Director and the President and Chief Executive Officer of the Company, as of the Effective Date.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Solo Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-003849

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