Arhaus, Inc. (Form: 8-K, Received: 08/22/2022 16:36:36)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 19, 2022

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Arhaus, Inc.

(Exact name of registrant as specified in its charter)

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Delaware (State or other jurisdiction of incorporation or organization)			001-41009 (Commission File Number)			87-1729256 (I.R.S. Employer Identification Number)

51 E. Hines Hill Road, Boston Heights, Ohio

(Address of Principal Executive Offices)

44236

(Zip Code)

(440) 439-7700

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol	Name of each exchange on which registered
Class A common stock, $0.001 par value per share	ARHS	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 19, 2022, Tim Kuckelman (age 56) was appointed Chief Operating Officer of Arhaus, Inc. (the “Company”), effective September 26, 2022. Prior to joining Arhaus, he was Chief Operations Officer of Fashionphile Group, LLC (a leading re-commerce company focused on the ultra-luxury market) from 2020 to 2022. Prior to Fashionphile, Mr. Kuckelman served in various leadership roles at Kohl’s Department Stores (a leading omnichannel retailer) from 2010 to 2020, most recently as Vice President, Logistics and Transportation.

In connection with his appointment, Mr. Kuckelman will receive a base salary of $460,000, subject to review and adjustment on an annual basis, and will be eligible for annual cash incentive awards and long-term equity plan awards as determined by the Company. For 2022, his initial annual cash incentive award target represents 60% of his base salary. Any payout under this incentive award shall be determined by the Company based on the achievement of certain performance goals. Mr. Kuckelman will also receive 12,500 restricted stock units and a target award of 37,500 performance stock units under the Arhaus, Inc. 2021 Equity Incentive Plan. Mr. Kuckelman will be eligible to participate in the Company’s severance and benefit plans in accordance with the Company’s customary policies, and consistent with the Company’s other executive officers. Mr. Kuckelman will also receive payment for certain relocation costs.

Mr. Kuckelman has no family relationship with any director or executive officer of the Company and Mr. Kuckelman has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure.

On August 22, 2022, the Company issued a press release announcing the appointment of Tim Kuckelman as Chief Operating Officer. A copy of this release is attached hereto as Exhibit 99.1.

The information contained in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information contained in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 - Financial Statements and Exhibits.

(d) The following exhibits are being filed herewith:


Exhibit No.						Description
99.1						Press Release, dated August 22, 2022
104						Cover Page with Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 22nd day of August, 2022.


ARHAUS, INC.

By:			/s/ Dawn Phillipson
Name:			Dawn Phillipson
Title:			Chief Financial Officer

ARHAUS ANNOUNCES NEW CHIEF OPERATING OFFICER

Boston Heights, Ohio - August 22, 2022 – Arhaus, Inc. (NASDAQ: ARHS; “Arhaus” or the “Company”), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, announced today that Tim Kuckelman will join the Company in the new role of Chief Operating Officer at the end of September. He will report directly to John Reed, Arhaus Co-Founder and Chief Executive Officer.

Kuckelman, who has over three decades of leadership experience in retail operations and logistics, will be responsible for enhancing Arhaus’ operational capabilities across the business, overseeing Sourcing, Planning, Logistics, Customer Experience, Manufacturing and Information Technology.

“We are delighted to welcome Tim to Arhaus,” said Reed. “His proven expertise leading high growth retail with complex operations and logistics will be of immense value as we optimize our processes and continue scaling our operational capacity in our next chapter of growth.”

Kuckelman comes to Arhaus after spending the past two years at Fashionphile Group as COO, where he was responsible for establishing operational processes and controls for logistics, inventory sourcing and management, customer service and retail operations in a high growth environment. Prior to Fashionphile, Kuckelman spent over ten years at Kohl’s Department Stores in various leadership roles, most recently as Vice President, Logistics and Transportation. In that role, he optimized domestic and international transportation and logistics while achieving a best-in-class cost model.

Prior to Kohl’s, Kuckelman held roles of increasing responsibility in distribution, customer service, operations, and industrial engineering across companies such as Best Buy Co. and Gap, Inc. He holds an Industrial Engineering degree from Kansas State University and a J.D. from San Joaquin College of Law.

About Arhaus

Founded in 1986, Arhaus is a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings. Through a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans around the world, Arhaus offers an exclusive assortment of heirloom quality products that are sustainably sourced, lovingly made, and built to last. With 80 showroom and design center locations across the United States, a team of interior designers providing complimentary in-home design services, and robust online and eCommerce capabilities, Arhaus is known for innovative design, responsible sourcing, and customer service.

Investor Contact:

Wendy Watson

Arhaus SVP of Investor Relations

invest@arhaus.com

Media Contact:

Hannah Wickberg

Arhaus Head of Public Relations

press@arhaus.com