CFO Rahul Ratan resigns; CEO Sam Lai appointed interim CFO effective March 29, 2022

Hour Loop, Inc

Rahul Ratan resigned as CFO for personal reasons, effective March 29, 2022.
Board appointed CEO and Chairman Sam Lai as interim CFO, principal financial and accounting officer.
Ratan will provide consulting services during a transition period.
Lai, 39, has been CEO since June 2013 and Chairman since April 2021.
Lai and his spouse beneficially own 33,300,000 shares, representing 100% voting power.

item 5.02 item 9.01

Executive movements

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Departed

Rahul Ratan

Chief Financial Officer

HOUR · Hour Loop, Inc

Effective: 2022-03-29
Successor: Sam Lai
Filed: March 29, 2022, 7:59 PM ET

Rahul Ratan, Chief Financial Officer of Hour Loop, Inc. (the “Company”), advised the Company’s Board of Directors (the “Board”) that, for personal reasons, he resigned as Chief Financial Officer, effective March 29, 2022.

Appointed (interim)

Sam Lai

Interim Chief Financial Officer

HOUR · Hour Loop, Inc

Effective: 2022-03-29
Filed: March 29, 2022, 7:59 PM ET

The Board has appointed Sam Lai, the Company’s Chairman of the Board and Chief Executive Officer, to serve as Interim Chief Financial Officer, principal financial officer and principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rahul Ratan resigned as Chief Financial Officer at Hour Loop, Inc.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Rahul Ratan, Chief Financial Officer of Hour Loop, Inc. (the “Company”), advised the Company’s Board of Directors (the “Board”) that, for personal reasons, he resigned as Chief Financial Officer, effective March 29, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sam Lai was appointed as Interim Chief Financial Officer at Hour Loop, Inc.

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

The Board has appointed Sam Lai, the Company’s Chairman of the Board and Chief Executive Officer, to serve as Interim Chief Financial Officer, principal financial officer and principal accounting officer.

View on SEC.gov

Hour Loop, Inc filing history →

Source: SEC EDGAR

accession 0001493152-22-008055

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