Lovesac names Andrew Farag CFO as Keith Siegner steps down; guidance reaffirmed
Lovesac appointed Andrew Farag as Executive Vice President, Chief Financial Officer and Treasurer, effective June 15, 2026, replacing Keith Siegner, whose resignation the company says is not related to any financial or accounting issues. The company reaffirmed its second quarter and full-year fiscal 2027 guidance, which it first gave in its June 11, 2026 earnings release.
Key points
- Andrew Farag, 42, becomes CFO and Treasurer effective June 15, 2026; he was Managing Director at Riveron from September 2024 to May 2026.
- Farag's base salary is $560,000, with a target annual incentive of 70% of salary (maximum 140%) and a $255,000 cash signing bonus.
- Keith Siegner's separation agreement provides $576,800 in base salary over twelve months and accelerated vesting of 3,189 RSUs and 2,963 performance-based RSUs; his role ends June 22, 2026.
- Lovesac reaffirmed its second quarter and full-year fiscal 2027 financial guidance.
The filing
Written by AI on Nov 9, 2026, 8:53 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 June 15, 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.