Lulu's Fashion Lounge cuts board to 6 members to cut costs, streamline business [Seeking Alpha]
Lulu's Fashion Lounge Holdings, Inc. (LVLU)
Company Research
Source: Seeking Alpha
from eleven to six, dissolving the Technology and Innovation Committee, and suspended payment of retainers to non-employee directors until further notice. “We remain steadfast in our pursuit of long-term value creation, and the decision to reduce the Board's size aligns with our commitment to managing expenses and right sizing all elements of the organization. The remaining directors possess the critical skills to continue to support the execution of our strategic plan, giving us confidence that this Board is well-equipped to guide our turnaround and restore shareholder value,” Board Chairman John Black said in a statement on Friday. The board is now comprised of four independent directors, one non-independent director, and CEO Crystal Landsem. Additionally, departing board member, David McCreight, amended his existing 10b5-1 sales plan to sell 62,500 shares of the company from his initial plan to sell 633K shares. Lulu's Fashion Lounge ( LVLU ) shares are up 3.5% on Monday.
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LVLU
News
- Lulus to Report Third Quarter 2024 Results on November 13, 2024GlobeNewswire
- Steve Madden Claims Scandi Cool Girl Brand Ganni Is ‘Harassing' Retail Partners Over Shoe Designs [Yahoo! Finance]Yahoo! Finance
- Lulus Joins Forces With Dillard’s in Strategic U.S. Wholesale ExpansionGlobeNewswire
- Lulus Announces Reduction in Size of its Board of DirectorsGlobeNewswire
- Lulu's Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $2.00 price target on the stock.MarketBeat
LVLU
Earnings
- 8/14/24 - Miss
LVLU
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- LVLU's page on the SEC website