secwatch.observer — SEC 8-K summary
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Issuer:     Honest Company, Inc. (HNST)
CIK:        0001530979
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001530979-23-000123
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530979/000153097923000123/0001530979-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530979/000153097923000123/hnst-20230831.htm
  HTML page:      https://secwatch.observer/filing/0001530979-23-000123

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