---
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"
generated_at: "2026-06-19T00:59:27.653033+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005929
- JSON: https://secwatch.observer/filing/0001493152-23-005929.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005929.txt

## Key facts
- Executive change
  Hillary Bui was appointed as Director at Hour Loop, Inc.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1874875/000149315223005929/0001493152-23-005929-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.