Arhaus (NASDAQ: ARHS) appoints Meijer CEO Rick Keyes as independent director
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Arhaus, Inc. reports that on July 7, 2026, Bill Beargie resigned from its Board of Directors. The company states his resignation was not due to any disagreement regarding operations, policies, or practices.
On July 8, 2026, the Board appointed Rick Keyes, President and Chief Executive Officer of Meijer, Inc., as a Class I independent director, with a term expiring at the 2028 Annual Meeting of Stockholders, when he is expected to stand for re-election. He will serve on the Board’s Compensation Committee. Arhaus highlights his extensive retail leadership experience and notes his service on the boards and key committees of CMS Energy Corporation and Consumers Energy Company. His director compensation will match that of other non-employee directors, and there are no related-party arrangements or transactions requiring disclosure.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Director resignation date: July 7, 2026
Director appointment date: July 8, 2026
Board term expiration year: 2028
+3 more
6 metrics
Director resignation date
July 7, 2026
Date Bill Beargie resigned from the Arhaus Board of Directors
Director appointment date
July 8, 2026
Date Rick Keyes was appointed to the Arhaus Board
Board term expiration year
2028
Year when Rick Keyes’s current term as Class I director expires
Start as Meijer CEO
2017
Year Rick Keyes became President and Chief Executive Officer of Meijer, Inc.
Meijer President tenure
2015 to 2017
Period when Rick Keyes served as President of Meijer before becoming CEO
EVP Supply Chain tenure
2006 to 2015
Period when Rick Keyes was Executive Vice President of Supply Chain and Manufacturing at Meijer
Key Terms
independent director, Compensation Committee, Item 404(a) of Regulation S-K, Inline XBRL
4 terms
independent director regulatory
"appointed Rick Keyes to Class I of the Board as an independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Compensation Committee regulatory
"He will serve on the Board’s Compensation Committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Item 404(a) of Regulation S-K regulatory
"material interest that are required to be disclosed by Item 404(a) of Regulation S-K."
Inline XBRL technical
"Cover Page with Interactive Data File (embedded within the Inline XBRL document)."
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
What board change did Arhaus (ARHS) announce on July 7, 2026?
Arhaus announced that Bill Beargie resigned from its Board of Directors effective July 7, 2026. The company specified that his resignation did not result from any disagreement with Arhaus on operations, policies, or practices, indicating an orderly governance transition.
Who is the new director appointed to the Arhaus (ARHS) board?
Arhaus appointed Rick Keyes, President and Chief Executive Officer of Meijer, Inc., to its Board on July 8, 2026. He joins as a Class I independent director, bringing decades of retail management and operations experience from various leadership roles at Meijer.
How long will Rick Keyes serve on the Arhaus (ARHS) board?
Rick Keyes will serve as a Class I director with a term expiring at the 2028 Annual Meeting of Stockholders. At that time, he is expected to stand for re-election to the Board by Arhaus stockholders, subject to their approval at the meeting.
What committee role will Rick Keyes have at Arhaus (ARHS)?
Rick Keyes will serve on the Board’s Compensation Committee, overseeing executive and director pay matters. This role leverages his extensive leadership background and aligns with typical responsibilities of independent directors on board compensation oversight and governance structures.
How will Arhaus (ARHS) compensate new director Rick Keyes?
Arhaus will compensate Rick Keyes for his board service on terms consistent with other non-employee directors, as described in its 2026 definitive proxy statement. This typically includes cash and equity components aligned with the company’s existing director compensation program.