{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-005929","form_type":"8-K","ticker":"HOUR","cik":"0001874875","company_name":"Hour Loop, Inc","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.305226+00:00","generated_at":"2026-06-19T00:59:27.653033+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hour Loop appoints Hillary Bui to board; sets FY2023 bonus targets for CEO and SVP","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-005929","json":"https://secwatch.observer/filing/0001493152-23-005929.json","markdown":"https://secwatch.observer/filing/0001493152-23-005929.md","text":"https://secwatch.observer/filing/0001493152-23-005929.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1874875/000149315223005929/0001493152-23-005929-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1874875/000149315223005929/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:59:27.653033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"63500e0dfc","claim":"Hillary Bui was appointed as Director at Hour Loop, Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1874875/000149315223005929/0001493152-23-005929-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}