Hour Loop appoints Hillary Bui to board; sets FY2023 bonus targets for CEO and SVP

Hour Loop, Inc

Board increased from 5 to 6; Hillary Bui appointed director effective Feb 20, 2023.
Bui is a CPA (inactive), former PwC senior associate, currently Senior Finance Manager at Starbucks.
CEO Sam Lai's FY2023 bonus: 50% base salary if net profit >= $1.5M with 20% revenue growth; 100% if >= $5M.
SVP Sau Kuen Yu's FY2023 bonus: 50% base salary if at least 100 new vendors; 100% if at least 135 new vendors.
Lai and Yu are husband and wife, together beneficially own >95% of voting power.

item 5.02 item 9.01

Executive movements

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Appointed

Hillary Bui

Director

HOUR · Hour Loop, Inc

Effective: 2023-02-20
Filed: February 24, 2023, 6:59 PM ET

the Board appointed Hillary Bui to serve as a member of the Board, to fill the vacancy created by the increase in the size of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Hillary Bui was appointed as Director at Hour Loop, Inc.

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Hillary Bui to serve as a member of the Board, to fill the vacancy created by the increase in the size of the Board.

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Hour Loop, Inc filing history →

Source: SEC EDGAR

accession 0001493152-23-005929

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