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AI brief of an SEC Form 8-K · Hour Loop, Inc (HOUR)

Hour Loop Revises CEO and Senior VP 2026 Bonus Terms Tied to Net Profit Targets

Neutral Impact 3 of 5 leadership Written later

On May 15, 2026, Hour Loop entered into Addendum No. 7 employment agreements with Chairman and CEO Sam Lai, who is also interim CFO, and with Senior Vice President and Director Sau Kuen (Maggie) Yu, revising their 2026 bonus terms. Each bonus depends on net profit (excluding taxes and executives' bonuses) reaching a threshold at the end of fiscal 2026, and each executive is also due a $100,000 guaranteed bonus on December 22, 2026. Because the couple together hold about 94.8% of the company's voting power, shareholders other than them have limited influence over these arrangements.

Key points

  • Net profit target of at least $1,000,000 in fiscal 2026 pays a bonus of 50% of base salary to each executive.
  • Net profit target of at least $2,000,000 in fiscal 2026 pays a bonus of 100% of base salary; only one bonus amount is payable.
  • Each executive is entitled to a guaranteed $100,000 bonus on December 22, 2026.
  • Sam Lai and Maggie Yu are husband and wife and together beneficially own 33,360,142 shares, about 94.8% of voting power.

The filing

CompanyHour Loop, Inc (HOUR)
Form8-K, current report
Filed with the SECMay 18, 2026, 4:05 PM ET
Accession number0001493152-26-024174

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 18, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.