secwatch.observer — SEC 8-K summary
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Issuer:     Lovesac Co (LOVE)
CIK:        0001701758
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001628280-21-022961
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lovesac appoints Mary Fox as President & COO, Jack Krause as Chief Strategy Officer
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- Mary Fox, formerly a Board director, becomes President & COO effective Nov 15, 2021; she resigns from the Board.
- Jack Krause, formerly President & COO, becomes Chief Strategy Officer and joins the Board, effective Nov 15, 2021.
- Fox's base salary $429k, eligible for annual incentive up to 120% of salary, plus RSU grants valued up to $1.5M initial and $765k annual.
- Krause retains $429k base salary, eligible for same annual incentive and $765k annual RSU grant time/performance based.
- CEO Shawn Nelson says appointments strengthen leadership to scale growth and expand brand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701758/000162828021022961/0001628280-21-022961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701758/000162828021022961/love-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-022961

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