Source-grounded facts extracted from Karat Packaging Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Karat Packaging Inc. shareholders approved Advisory approval of the Company's executive compensation ("Say on Pay"). at the 2026-06-16 meeting.
“Proposal 3 – Advisory approval of the Company's executive compensation ("Say on Pay"). Votes For Votes Against Abstentions Broker Non-Votes 16,599,823 103,149 21,563 940,158”
Karat Packaging Inc. shareholders approved Ratification of the appointment of BDO USA, P.C. as the Company’s independent certified public accountants for the fiscal year ending December 31, 2026. at the 2026-06-16 meeting.
“Proposal 2 – Ratification of the appointment of BDO USA, P.C. as the Company’s independent certified public accountants for the fiscal year ending December 31, 2026. Votes For Votes Against Abstentions Broker Non-Votes 17,635,447 16,281 12,965 0”
Karat Packaging Inc. shareholders approved Election of five directors, each serving for a term expiring at the next annual meeting or until their successors are duly elected and qualified. at the 2026-06-16 meeting.
“Proposal 1 – Election of five directors, each serving for a term expiring at the next annual meeting or until their successors are duly elected and qualified. Nominee Votes For Votes Withheld Broker Non-Votes Alan Yu 16,693,717 30,818 940,158 Jian Guo 16,216,901 507,634 940,158 Paul Y. Chen 16,680,201 44,334 940,158 Eric Chen 16,679,959 44,576 940,158 Eve Yen 16,173,766 550,769 940,158”
Karat Packaging Inc. updated its the 2026 second quarter and full-year 2026 guidance (initiated).
“Guidance • Net sales for the 2026 second quarter expected to increase by 8 to 10 percent from the prior-year quarter. • Gross margin for the 2026 second quarter expected to be within 35 to 37 percent, excluding potential tariff refund impact under the current trade policy. • Adjusted EBITDA margin for the 2026 second quarter expected to be within 11 to 13 percent, excluding potential tariff refund impact under the current trade policy. • N et sales for full-year 2026 expected to increase by low double-digits from the prior year. • Gross margin for full-year 2026 expected to be within 34 to 36%, excluding potential tariff refund impact under the current trade policy. • Adjusted EBITDA margin for full-year 2026 expected to be within 11 to 13 percent, excluding potential tariff refund impact under the current trade policy.”
Karat Packaging Inc. reported the quarter ended March 31, 2026 results: revenue $116.9 million, net income $7.1 million, EPS $0.34 per diluted share.
“First Quarter 2026 Highlights • Net sales of $116.9 million , up 12.9 percent , from $103.6 million in the prior-year quarter. • Gross profit of $41.5 million , up 1.9 percent , from $40.8 million in the prior-year quarter. • Gross margin of 35.5 percent , reflecting an expected decrease from 39.3 percent in the prior-year quarter due to elevated tariffs. • Net income of $7.1 million , up 4.8 percent , from $6.8 million in the prior-year quarter. • Net income margin of 6.1 percent versus 6.6 percent in the prior-year quarter. • Adjusted EBITDA of $12.5 million versus $11.9 million in the prior-year quarter. • Adjusted EBITDA margin of 10.7 percent versus 11.5 percent i n the prior-year quarter. Guidance • Net sales for the 2026 second quarter expected to increase by 8 to 10 percent from the prior-year quarter. • Gross margin for the 2026 second quarter expected to be within 35 to 37 percent, excluding potential tariff refund impact under the current trade policy. • Adjusted EBITDA marg”
Karat Packaging Inc. dismissed PricewaterhouseCoopers LLP as its auditor.
“Also, effective March 13, 2026, the Committee approved the dismissal of PricewaterhouseCoopers LLP (“PwC”) as the Company’s Independent Accountant. PwC's report on the Company’s financial statements as of and for the years ended December 31, 2025 and December 31, 2024 did not contain any adverse opinion or disclaimer of opinion, nor was either report qualified or modified as to uncertainty, audit scope, or accounting principles.”
Karat Packaging Inc. engaged BDO USA, P.C. as its auditor.
“approved the engagement of BDO USA, P.C. ("BDO") as the Company’s independent registered public accounting firm”
Karat Packaging Inc. reported First Quarter and Full Year 2026 results: revenue Net sales for the 2026 first quarter expected to increase by 8 to 10 percent from the prior-year quarter. Net sales for. Guidance initiated.
“Guidance • Net sales for the 2026 first quarter expected to increase by 8 to 10 percent from the prior-year quarter. • Gross margin for the 2026 first quarter expected to be between 34 and 36 percent. • Adjusted EBITDA margin for the 2026 first quarter expected to be between 9 and 11 percent. • Net sales for full-year 2026 expected to increase by low double-digits from the prior year. • Gross margin and adjusted EBITDA margin for full year 2026 expected to continue to improve compared with the prior year, under current global tariff policy.”
Karat Packaging Inc. reported Fourth Quarter 2025 results: revenue $115.6 million, net income $7.2 million, EPS $0.34 per diluted share.
“Fourth Quarter 2025 Financial Results Net sales for the 2025 fourth quarter increased 13.7 percent to $115.6 million, from $101.6 million in the prior-year quarter. The increase primarily reflected $8.2 million in volume and a $6.3 million favorable impact from pricing and product mix. Cost of goods sold for the 2025 fourth quarter increased 23.4 percent to $76.3 million, from $61.8 million in the prior-year quarter. Product costs increased $6.1 million due to sales growth, partially offset by more favorable vendor pricing and product mix. Within import costs, duty and tariff costs increased $8.4 million, reflecting the overall higher tariff rates and a $0.4 million adjustment to the duty reserve previously recorded on certain imports. Gross profit for the 2025 fourth quarter was $39.3 million, compared with $39.8 million in the prior-year quarter. Gross margin for the 2025 fourth quarter was 34.0 percent, compared with 39.2 percent in the prior-year quarter, reflecting the expected im”
Karat Packaging Inc. reported 2024 first quarter ended March 31, 2024 results: revenue $95.6 million, net income $6.5 million, EPS $0.31 per diluted share. Guidance initiated.
“foodservice products and related items, today announced financial results for its 2024 first quarter ended March 31, 2024. First Quarter 2024 Highlights • Net sales of $95.6 million, versus $95.8 million in the prior-year quarter. • Gross profit of $37.6 million, versus $38.1 million in the prior-year quarter. • Gross margin of 39.3 percent versus 39.8”
Karat Packaging Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (raised).
“On March 14, 2024, Karat Packaging Inc. (the "Company”) issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2023.”
Karat Packaging Inc. reported third quarter ended September 30, 2023 results: revenue $105.5 million, net income $9.1 million, EPS $0.45 per diluted share. Guidance reaffirmed.
“and related items, today announced financial results for its third quarter and nine-months ended September 30, 2023. Third Quarter 2023 Highlights • Quarterly net sales of $105.5 million, down 4.1 percent from the prior year quarter. • Gross profit of $38.9 million, up 14.0 percent from the prior year quarter. • Gross margin of 36.9 percent versus 31.1 percent in”
Daniel Quire was appointed as Chief Revenue Officer at Karat Packaging Inc..
“On October 5, 2023, Karat Packaging Inc. (the "Company") entered into an employment agreement with Daniel Quire to serve as Chief Revenue Officer of the Company”
Karat Packaging Inc. entered into Underwriting Agreement with Lake Street Capital Markets, LLC (effective 2023-09-07).
“On September 7, 2023, Karat Packaging Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lake Street Capital Markets, LLC, as the underwriter (the “Underwriter”), relating to the secondary offering of 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) by certain selling stockholders, at a public offering price of $21.00 per share (the “Offering”).”
Jian Guo was appointed as Director at Karat Packaging Inc..
“appointed Jian Guo, the Company’s Chief Financial Officer, as a director of the Company to fill the vacancy resulting from Joanne Wang’s departure from the Board, effective September 1, 2023.”
Joanne Wang departed as Director at Karat Packaging Inc..
“Also, effective August 30, 2023, Ms. Wang relinquished her seat on the Company’s board of directors.”
Joanne Wang retired as Chief Operating Officer at Karat Packaging Inc..
“On August 30, 2023, Joanne Wang notified Karat Packaging Inc. (the “Company”) of her retirement as Chief Operating Officer of the Company, effective December 1, 2023.”
Karat Packaging Inc. reported the first six months of 2023 results: revenue $204.5 million. Guidance initiated.
“Net sales for the first six months of 2023 decreased 7.2 percent to $204.5 million, from $220.3 million in the same period last year.”
Karat Packaging Inc. reported the quarter ended June 30, 2023 results: revenue $108.7 million, net income $10.7 million, EPS $0.53 per diluted share. Guidance initiated.
“Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its quarter ended June 30, 2023. Second Quarter 2023 Highlights • Quarterly net sales of $108.7 million, down 5.3 percent from the prior-year quarter. • Gross profit of $41.9 million, up 23.3 percent from the prior-year quarter. • Gross margin of 38.5 percent versus 29.6 percent in the prior-year quarter. • Net income of $10.7 million, up 48.3 percent from the prior-year quarter. • Net income margin of 9.8 percent versus 6.3 percent in the prior-year quarter. • Adjusted EBITDA of $21.1 million, up $9.3 million, or 78.6 percent from the prior-year quarter. • Adjusted EBITDA margin of 19.4 percent versus 10.3 percent in the prior-year quarter.”
Karat Packaging Inc. amended Amendment with Hanmi Bank valued at $5,000,000 (effective 2023-06-20).
“The Line of Credit also includes a standby letter of credit sublimit, which was amended and increased to $5,000,000 on June 20, 2023 (the "Amendment").”
Karat Packaging Inc. shareholders approved Advisory approval of the Company’s executive compensation ("Say on Pay") at the 2023-06-14 meeting.
“Proposal 3 – Advisory approval of the Company’s executive compensation (“Say on Pay”). Votes For Votes Against Abstain Broker Non-Votes 18,382,519 23,027 4,153 473,158”
Karat Packaging Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent certified public accountants for the fiscal year ending December 31, 2023 at the 2023-06-14 meeting.
“Proposal 2 – Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent certified public accountants for the fiscal year ending December 31, 2023. Votes For Votes Against Abstain Broker Non-Votes 18,866,920 15,867 70 N/A”
Karat Packaging Inc. shareholders approved Election of five directors at the 2023-06-14 meeting.
“Proposal 1 – Election of five directors, each serving for a term expiring at the next annual meeting or until their successors are duly elected and qualified. Nominee Votes For Votes Against Abstain Broker Non-Votes Alan Yu 18,280,060 129,337 302 473,158 Joanne Wang 17,641,424 767,918 357 473,158 Paul Y. Chen 17,552,254 701,440 1,005 473,158 Eric Chen 17,707,455 701,240 1,004 473,158 Eve Yen 17,707,589 701,105 1,005 473,158”
Karat Packaging Inc. reported first quarter and three months ended March 31, 2023 results: revenue $95.8 million, net income $9.2 million, EPS $0.45 per diluted share. Guidance reaffirmed.
“foodservice products and related items, today announced financial results for its 2023 first quarter ended March 31, 2023. First Quarter 2023 Highlights • Quarterly net sales of $95.8 million, decreased 9.1 percent from the prior-year quarter. • Gross profit of $38.1 million, up 12.2 percent from the prior-year quarter. • Record gross margin of 39.8 percent, an”
Karat Packaging Inc. engaged PricewaterhouseCoopers LLP as its auditor.
“On March 16, 2023, the Audit Committee (the "Committee") of the Board of Directors (the "Board") of Karat Packaging Inc. (the “Company”) approved the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm (“Independent Accountant”) for the fiscal year ending December 31, 2023.”
Karat Packaging Inc. dismissed BDO USA LLP as its auditor.
“Also, effective March 16, 2023, the Committee approved the dismissal of BDO USA LLP ("BDO") as the Company’s Independent Accountant.”
Karat Packaging Inc. reported fourth quarter and year ended December 31, 2022 results: revenue $92.7 million, net income $4.5 million, EPS $0.23 per diluted share.
“products and related items, today announced financial results for its fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights • Net sales of $92.7 million, up 1.5 percent from the prior-year quarter. • Gross profit of $29.7 million, negatively impacted by an out-of-period inventory write-off of $1.7 million, up 4.8 percent from the”
Karat Packaging Inc. reported the quarter ended September 30, 2022 results: revenue $110.0 million, net income $6.2 million, EPS $0.31 per diluted share.
“products and related items, today announced financial results for its third quarter and nine-months ended September 30, 2022. Third Quarter 2022 Highlights • Net sales of $110.0 million, up 7.1 percent from the prior-year quarter. • Gross profit of $34.2 million, up 14.7 percent from the prior-year quarter. • Gross margin of 31.1 percent, increased from 29.0”
Peter Lee changed role as Interim Chief Financial Officer at Karat Packaging Inc..
“Peter Lee's term as Interim Chief Financial Officer of the Company ended on February 1, 2022.”
Jian Guo was appointed as Chief Financial Officer at Karat Packaging Inc..
“the Board of Directors of the Company (the “Board”) appointed Jian Guo to serve as the Company’s Chief Financial Officer (principal financial and accounting officer), effective February 1, 2022.”
Marvin Cheng resigned as director at Karat Packaging Inc..
“resignation of Marvin Cheng as a director, effective December 10, 2021.”
Joanne Wang was appointed as director at Karat Packaging Inc..
“appointed Joanne Wang, the Company’s Chief Operating Officer, a director of the Company effective December 10, 2021.”
Peter Lee was appointed as Interim Chief Financial Officer at Karat Packaging Inc..
“On October 1, 2021, the Board of Directors of the Company (the “Board”) appointed Peter Lee to serve as the Company’s Interim Chief Financial Officer (principal financial and accounting officer), effective October 8, 2021.”
Ann Sabahat resigned as Chief Financial Officer at Karat Packaging Inc..
“On September 27, 2021, Ann Sabahat notified Karat Packaging Inc. (the “Company”) of her resignation as Chief Financial Officer, effective October 8, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.