The Honest Company appoints David Loretta as CFO, reaffirms FY2023 guidance

Honest Company, Inc.

David Loretta named CFO effective Sept 25, 2023; succeeds Kelly Kennedy who leaves Sept 29.
Loretta comes from Duluth Trading (DLTH) where he served as SVP & CFO; base salary $475K, target bonus 70%.
Loretta receives $1M sign-on RSU grant (25% vests at 1-yr anniversary, then quarterly) and $100K relocation.
Kennedy receives 6 months base salary severance, prorated 2023 bonus, equity acceleration through Q1 2024, and consulting role through Dec 31, 2023.
Company reaffirms full-year 2023 revenue and adjusted EBITDA outlook from Aug 8 Q2 earnings release.

item 5.02 item 7.01 item 9.01

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Appointed

David Loretta

Chief Financial Officer

HNST · Honest Company, Inc.

Effective: 2023-09-25
Filed: September 6, 2023, 7:59 PM ET

On September 5, 2023, The Honest Company, Inc. (the “Company” ) announced the appointment of David Loretta as the Company’s Chief Financial Officer, effective September 25, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Loretta was appointed as Chief Financial Officer at Honest Company, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 5, 2023, The Honest Company, Inc. (the “Company” ) announced the appointment of David Loretta as the Company’s Chief Financial Officer, effective September 25, 2023

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Honest Company, Inc. filing history →

Source: SEC EDGAR

accession 0001530979-23-000123

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