Tilly's appoints Nathan Smith as CEO effective Aug 18; Hezy Shaked becomes Executive Chairman

TILLY'S, INC.

Nathan Smith named President & CEO, effective August 18, 2025; also joins Board.
Smith receives $1M base salary, $400k sign-on bonus, and option grants for 1.8M shares (50% time-based, 50% performance-vesting).
Hezy Shaked transitions from CEO to Executive Chairman; salary reduced from $650k to $420k.
Smith had been CEO of Marolina Outdoor; previously President Americas at Boardriders, Inc.

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