secwatch.observer — SEC 8-K summary
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Issuer:     Hour Loop, Inc (HOUR)
CIK:        0001874875
Form:       8-K
Filed at:   2026-05-18T20:05:37+00:00
Accession:  0001493152-26-024174
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hour Loop amends CEO and VP 2026 bonuses; adds $100K guaranteed, profit-linked targets
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- Sam Lai and Maggie Yu each get a guaranteed $100K bonus on Dec 22, 2026.
- Target bonus: 50% of base salary if FY2026 net profit (excl. taxes & exec bonuses) >= $1M; 100% if >= $2M.
- Only one target bonus payable; determined at year-end.
- Lai and Yu collectively own ~94.8% of voting power of HOUR common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874875/000149315226024174/0001493152-26-024174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874875/000149315226024174/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer