secwatch.observer — SEC 8-K summary
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Issuer:     Hour Loop, Inc (HOUR)
CIK:        0001874875
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001641172-25-022241
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hour Loop sets FY2025 bonus targets for CEO Lai and SVP Yu; guaranteed $100K each
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- CEO Sam Lai and SVP Sau Kuen Yu each get a guaranteed $100,000 bonus on Dec 22, 2025.
- If net profits (excluding taxes and exec bonuses) reach $1M, each receives 50% of base salary as bonus.
- If net profits reach $2M, each receives 100% of base salary; only one target bonus per executive.
- Lai and Yu beneficially own ~95% of voting power of Hour Loop's common stock.
- Addendum No. 5 revises the earlier Addendum No. 4 bonus targets for FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874875/000164117225022241/0001641172-25-022241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874875/000164117225022241/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022241

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