Filing Analysis
Tile Shop Holdings, Inc. issued an 8-K to announce its financial results for the three and nine months ended September 30, 2024.
📋 Key Facts
- The filing is a standard earnings announcement under Item 2.02.
- Financial results cover the periods ending September 30, 2024.
- The report was filed on November 7, 2024.
Tile Shop Holdings, Inc. issued an 8-K to announce its financial results for the three and six months ended June 30, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly/semi-annual earnings results (Item 2.02).
- Reporting period covers the three and six months ended June 30, 2024.
- Earnings press release was furnished as Exhibit 99.1 on August 8, 2024.
Tile Shop Holdings, Inc. held its 2024 Annual Meeting of Stockholders on June 18, 2024. The meeting resulted in the election of two new directors and the ratification of the company's independent auditor.
📋 Key Facts
- Annual Meeting held online on June 18, 2024.
- Total shares present virtually or by proxy: 31,727,094.
- Deborah K. Glasser and Linda Solheid were elected to the Board of Directors (Class III) until 2027.
- RSM US LLP was ratified as the independent registered public accounting firm for fiscal year ending Dec 31, 2024.
- Named executive officer compensation was approved on a non-binding and advisory basis.
Tile Shop Holdings, Inc. issued an 8-K to announce its financial results for the first quarter ended March 31, 2024.
📋 Key Facts
- The filing was made on May 9, 2024.
- The company reported earnings for the fiscal quarter ending March 31, 2024.
- Financial results were released via a press release (Exhibit 99.1).
Tile Shop Holdings, Inc. announced the appointment of Mark B. Davis as Senior Vice President and Chief Financial Officer, effective April 1, 2024. This follows his previous role as VP of Investor Relations and Chief Accounting Officer.
📋 Key Facts
- Mark B. Davis appointed as SVP, CFO, and Secretary, effective April 1, 2024.
- Davis previously served as VP, Investor Relations and Chief Accounting Officer (Principal Accounting Officer).
- New annual base salary is set at $300,000.
- Target annual cash incentive compensation is 50% of base salary plus equity awards.
- Equity award grant with an aggregate value of $200,000.
Tile Shop Holdings, Inc. announced a leadership transition in its finance department. Current CFO Karla Lunan is departing effective April 1, 2024, and will be replaced by Mark B. Davis, who currently serves as VP of Investor Relations and Chief Accounting Officer.
🚩 Red Flags
- Sudden departure of a CFO can sometimes signal internal friction or disagreements over financial reporting/strategy (though not explicitly stated here).
📋 Key Facts
- Karla Lunan (SVP, CFO and Secretary) notified the company of her departure effective April 1, 2024.
- Mark B. Davis appointed as SVP, CFO and Secretary, effective April 1, 2024.
- Mr. Davis will also serve as Principal Financial Officer and Principal Accounting Officer.
- New compensation for Mr. Davis includes a $300,000 annual base salary and a target cash incentive of 50% of base salary.
- Mr. Davis to receive equity awards with an aggregate value of $200,000 under the 2021 Omnibus Equity Compensation Plan.
Tile Shop Holdings, Inc. announced its fourth quarter and full year 2023 financial results via press release. Additionally, the Board approved annual base salary increases for several key executive officers effective January 1, 2024.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Company released Q4 and FY 2023 earnings results on February 29, 2024.
- CEO Cabell H. Lolmaugh's salary increased from $412,000 to $424,360.
- CFO Karla Lunan's salary increased from $300,000 to $309,000.
- SVP of Supply Chain Joseph Kinder's salary increased from $270,000 to $278,100.
- VP Investor Relations/CAO Mark B. Davis's salary increased from $226,600 to $233,400.