---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008484"
form_type: "8-K"
ticker: "HOUR"
cik: "0001874875"
company_name: "Hour Loop, Inc"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:47:59.171200+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hour Loop sets FY2024 bonus targets for CEO Sam Lai and SVP Maggie Yu; includes guaranteed $100k bonus each

## Summary
- Sam Lai (CEO) guaranteed $100k bonus; target bonus: 50% base if breakeven, 100% base if net profit >= $500k.
- Maggie Yu (SVP) guaranteed $100k bonus; target bonus: 50% base if 100 new vendors, 100% base if 135 new vendors.
- Lai and Yu are husband and wife, collectively own ~95% voting power (33,325,984 shares).
- Bonuses are for FY2024; only one target bonus per executive is payable.

## SEC filing metadata
- accession: 0001493152-24-008484
- form_type: 8-K
- ticker: HOUR
- cik: 0001874875
- company_name: Hour Loop, Inc
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: other_material
- 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/1874875/000149315224008484/0001493152-24-008484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874875/000149315224008484/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008484
- JSON: https://secwatch.observer/filing/0001493152-24-008484.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008484.txt

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