Luvu Brands, Inc 8-K, filed Jan 19, 2024
Luvu Brands, Inc. (LUVU)
About this 8-K
Luvu Brands, Inc filed this 8-K on January 19, 2024, reporting on events of January 15, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 15, 2024, Luvu Brands, Inc. (the “Company”) notified Martin Scott, Chief Financial Officer of the Company, that the Company would retain a full time on site Chief Financial Officer effective following the filing of the Company’s Form 10-Q Quarterly Report for the period ended December 31, 2023 (the “Effective Date”) and Mr. Scott would no longer serve as an employee or executive officer of the Company following the Effective Date. The Company anticipates filing the Quarterly Report on or about February 14, 2024. The Company and Mr. Scott intend to enter into a consulting agreement following the Effective Date. The dismissal of Mr. Scott does not involve any disagreement with the Board of Directors, the Company or its management on any matter relating to the Company’s operations, policies, or practices.
On January 15, 2024, the Company engaged Chris Knauf to serve as Chief Financial Officer and Controller of the Company commencing on the Effective Date. Mr. Knauf shall provide accounting services to the Company through the Effective Date Biographical information for Mr. Knauf is as follows:
Mr. Knauf, 51, has an extensive background in omni channel integrations of design, manufacturing, retail, and wholesale distribution, and financial management. Prior to joining the Company, he most recently served as the Senior Vice President of Accounting from February 2018 to 2024 for LocumTenens.com, LLC, one of the largest medical staffing company in the United States. He has a BS in Finance from Fairfield University and an MBA from Fordham University.
The Company’s wholly owned subsidiary, One Up Innovations Inc., shall pay Mr. Knauf an annual salary of $150,000. The agreement will be filed as an exhibit with the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 or via amendment to this Current Report on Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: January 19, 2024 | By: | /s/ Louis S. Friedman |
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| Louis S. Friedman, Chief Executive Officer |
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