TILE SHOP HOLDINGS, INC.: Filed certificates of amendment to effect a 1-for-3,000 reverse stock split followed immediately by a 3,000-for-1 forward stock split (effective 2025-12-15).
“On December 15, 2025, the Company filed certificates of amendment to the certificate of incorporation of the Company, as amended, with the Secretary of State of the State of Delaware to effect the Reverse Stock Split at 5:01 p.m., followed immediately by the Forward Stock Split at 5:02 p.m., respectively, on that day.”
Material Agreements
TILE SHOP HOLDINGS, INC. entered into Cooperation Agreement with Fund 1 Investments, LLC (effective 2025-12-03).
“On December 3, 2025, Tile Shop Holdings, Inc. (the “Company”) and Fund 1 Investments, LLC (“Fund 1”), the beneficial owner of approximately twenty-nine percent (29%) of the current outstanding shares of common stock of the Company, par value $0.0001 (the “Common Stock”), entered into a cooperation and support agreement (the “Cooperation Agreement”).”
Governance Changes
TILE SHOP HOLDINGS, INC.: Stockholders approved an amendment to the Certificate of Incorporation to effect a reverse stock split at a ratio not less than 1-for-2,000 and not greater than 1-for-4,000; the Board later approved a 1-for-3,000 reverse stock split followed by a 3,000-for-1 forward stock split, and the company inte (effective 2025-12-03).
“At the special meeting of the Company’s stockholders held on December 3, 2025 (the “Special Meeting”), the holders of a majority of the Company’s issued and outstanding shares of Common Stock entitled to vote approved a proposal granting the Board to effect the Reverse Stock Split (as defined below) in its discretion.”
Joseph Kinder changed role as Senior Vice President, Chief Merchant Officer at TILE SHOP HOLDINGS, INC..
“On February 25, 2025, the Company promoted Joseph Kinder, the Company’s current Senior Vice President of Supply Chain & Distribution, to the position of Senior Vice President, Chief Merchant Officer.”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $ 91,728, net income $ 1,689, EPS $ 0.04.
“Three Months Ended (unaudited, dollars in thousands, except per March 31, share data) 2024 2023 Net sales $ 91,728 $ 102,019 Net sales decline (1) (10.1 )% (0.4 )% Comparable store sales (decline) growth (2) (10.2 )% 0.1 % Gross margin rate 65.8 % 64.2 % Income from operations as a % of net sales 2.5 % 4.0 % Net income $ 1,689 $ 2,512 Net income per diluted share $ 0.04 $ 0.06 Adjusted EBITDA $ 7,417 $ 10,313 Adjusted EBITDA as a % of net sales 8.1 % 10.1 % Number of stores open at the end of period 142 142”
Mark B. Davis was appointed as Senior Vice President, Chief Financial Officer and Secretary at TILE SHOP HOLDINGS, INC..
“the Board of Directors (the “Board”) of Tile Shop Holdings, Inc. (the “Company”) appointed Mark B. Davis, current Vice President, Investor Relations, and Chief Accounting Officer (Principal Accounting Officer) of the Company, as Senior Vice President, Chief Financial Officer and Secretary of the Company, effective as of April 1, 2024.”
Mark B. Davis was appointed as Senior Vice President, Chief Financial Officer and Secretary at TILE SHOP HOLDINGS, INC..
“appointed Mark B. Davis, current Vice President, Investor Relations, and Chief Accounting Officer (Principal Accounting Officer) of the Company as Senior Vice President, Chief Financial Officer and Secretary of the Company, effective as of April 1, 2024.”
Karla Lunan departed as Senior Vice President, Chief Financial Officer and Secretary at TILE SHOP HOLDINGS, INC..
“Karla Lunan, current Senior Vice President, Chief Financial Officer and Secretary, notified the Company that she is leaving the Company to pursue another opportunity, effective as of April 1, 2024.”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported financial results for the fourth quarter and year ended December 31, 2023.
“On February 29, 2024, Tile Shop Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported financial results for three and nine months ended September 30, 2023.
“On November 2, 2023, Tile Shop Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported six months ended June 30, 2023 results: revenue $200,576, net income $7,591, EPS $0.17.
“far this year.” Three Months Ended Six Months Ended June 30, June 30, (unaudited, dollars in thousands, except per share data) 2023 2022 2023 2022 Net sales $ 98,557 $ 107,604 $ 200,576 $ 210,075 Net sales (decline) growth (1) (8.4 )% 11.9 % (4.5 )% 11.6 % Comparable store sales (decline) growth (2) (8.0 )% 12.0 % (4.0 )% 11.6 % Gross margin rate 64.2 % 66.0 %”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported second quarter ended June 30, 2023 results: revenue $98,557, net income $5,079, EPS $0.12.
“of our debt so far this year.” Three Months Ended Six Months Ended June 30, June 30, (unaudited, dollars in thousands, except per share data) 2023 2022 2023 2022 Net sales $ 98,557 $ 107,604 $ 200,576 $ 210,075 Net sales (decline) growth (1) (8.4 )% 11.9 % (4.5 )% 11.6 % Comparable store sales (decline) growth (2) (8.0 )% 12.0 % (4.0 )% 11.6 % Gross margin”
Shareholder Votes
TILE SHOP HOLDINGS, INC. shareholders approved Approval, on a non-binding and advisory basis, of named executive officer compensation at the 2023-06-13 meeting.
“2. Approval, on a non-binding and advisory basis, of named executive officer compensation: For Against Abstain Broker Non-Votes 27,673,999 197,058 41,056 5,002,931”
Shareholder Votes
TILE SHOP HOLDINGS, INC. shareholders approved Election of directors at the 2023-06-13 meeting.
“1. Election of directors: Nominee For Withheld Broker Non-Votes Peter H. Kamin 26,569,993 1,342,120 5,002,931 Mark J. Bonney 25,504,483 2,407,630 5,002,931”
Auditor Changes
TILE SHOP HOLDINGS, INC. dismissed Ernst & Young LLP as its auditor.
“everal public accounting firms to participate in this process, including Ernst & Young LLP (“E&Y”), the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2022. As a result of this process, following the review and evaluation of proposals from participating firms, on May 25, 2023, the Committee engaged the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal years ending December 31, 2023, and December 31, 2024. On the same date, the Committee approved the dismissal of E&Y as the Company’s independent registered public accounting firm. The Company has authorized E&Y to respond fully to the inquiries of the successor auditors. During the two fiscal years ended December 31, 2022, and the subsequent interim period through May 25, 2023, there were: (i) no disagreements within the meaning of Item 30”
Auditor Changes
TILE SHOP HOLDINGS, INC. engaged RSM US LLP as its auditor.
“engaged the appointment of RSM US LLP as the Company’s independent registered public accounting firm”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue $ 102,019, net income $ 2,512, EPS $ 0.06.
“our debt balance down to $25.0 million as of the end of the quarter.” Three Months Ended (unaudited, dollars in thousands, except per March 31, share data) 2023 2022 Net sales $ 102,019 $ 102,471 Net sales growth (1) (0.4 )% 11.3 % Comparable store sales growth (2) 0.1 % 10.7 % Gross margin rate 64.2 % 65.2 % Income from operations as a % of net sales 4.0 % 4.6 %”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported fiscal year ended December 31, 2022 results: revenue $394,702, net income $15,703, EPS $0.32.
“2023.” Three Months Ended Full Year Ended (unaudited, dollars in thousands, except per share data) December 31, December 31, 2022 2021 2022 2021 Net sales $ 87,473 $ 90,183 $ 394,702 $ 370,700 Net sales (decline) growth (1) (3.0 )% 10.6 % 6.5 % 14.0 % Comparable store sales (decline) growth (2) (2.8 )% 10.3 % 6.5 % 13.8 % Gross margin rate 64.5 % 66.1 % 65.6 %”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported three months ended December 31, 2022 results: revenue $87,473, net income $1,453, EPS $0.03.
“momentum into 2023.” Three Months Ended Full Year Ended (unaudited, dollars in thousands, except per share data) December 31, December 31, 2022 2021 2022 2021 Net sales $ 87,473 $ 90,183 $ 394,702 $ 370,700 Net sales (decline) growth (1) (3.0 )% 10.6 % 6.5 % 14.0 % Comparable store sales (decline) growth (2) (2.8 )% 10.3 % 6.5 % 13.8 % Gross margin rate”
Earnings Releases
TILE SHOP HOLDINGS, INC. reported financial results for its third quarter ended September 30, 2022.
“On November 3, 2022, Tile Shop Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2022.”
Nancy DiMattia departed as Chief Financial Officer at TILE SHOP HOLDINGS, INC..
“Nancy DiMattia, who is retiring as Chief Financial Officer of the Company effective January 3, 2022”
Karla Lunan was appointed as Senior Vice President, Chief Financial Officer and Secretary at TILE SHOP HOLDINGS, INC..
“appointed Karla Lunan as Senior Vice President, Chief Financial Officer and Secretary of the Company, effective as of January 3, 2022.”
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.