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Insiders at Hour Loop (NASDAQ: HOUR) secure 2026 cash bonuses

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hour Loop, Inc. approved new 2026 cash bonus arrangements for its top two insiders, Chairman, CEO and interim CFO Sam Lai and Senior Vice President and Director Sau Kuen (Maggie) Yu.

Under Sam Lai’s addendum, he can earn a bonus equal to 50% of base salary if net profits (excluding taxes and executives’ bonuses) reach at least $750,000 in fiscal 2026, or 100% of base salary if net profits reach at least $1,500,000. Only one tier can be paid, and performance will be measured at the end of 2026. He will also receive a guaranteed $100,000 bonus on December 22, 2026.

Under Maggie Yu’s addendum, she can earn 50% of base salary if the company acquires at least 100 new vendors in 2026, or 100% of base salary if it acquires at least 135 new vendors, with only one tier payable. She is also entitled to a guaranteed $100,000 bonus on December 22, 2026. Mr. Lai and Ms. Yu are spouses and together beneficially own 33,356,942 common shares, representing about 94.8% of the voting power.

Positive

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Insights

Hour Loop ties 2026 executive bonuses to profit and vendor growth while highlighting heavy insider control.

The company links Sam Lai’s 2026 bonus to net profit thresholds and Maggie Yu’s to the number of new vendors added. Each has a capped, single performance tier plus a fixed $100,000 cash bonus on December 22, 2026.

This structure mixes performance-based incentives with guaranteed pay, which can support retention but also adds fixed cost regardless of results. The filing notes that Lai and Yu collectively control about 94.8% of voting power, underscoring highly concentrated governance.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): February 24, 2026

 

HOUR LOOP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41204   47-2869399

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

8201 164th Ave NE #200, Redmond, WA 98052-7615

(Address of principal executive offices)

 

(206) 385-0488 ext. 100

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

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 (see General Instruction A.2.)

 

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(s)   Name of each exchange on which registered
Common Stock   HOUR   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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.

 

Addendum No. 6 to Lai Employment Agreement

 

On February 24, 2026, Hour Loop, Inc. (the “Company”) entered into Addendum No. 6 (the “Lai Addendum”) to Executive Employment Agreement, as amended, with Sam Lai (the “Lai Agreement”), the Company’s Chairman of the Board, Chief Executive Officer, interim Chief Financial Officer, and majority stockholder. Pursuant to the terms of the Lai Addendum, Mr. Lai’s bonus targets and payments were set as follows:

 

  If the Company grows its net profits (excluding taxes and executives’ bonuses) to at least $750,000 during the 2026 fiscal year, Mr. Lai will receive a bonus equal to 50% of Base Salary (as defined in the Lai Agreement).
  If the Company grows its net profits (excluding taxes and executives’ bonuses) to at least $1,500,000 during the 2026 fiscal year, Mr. Lai will receive a bonus equal to 100% of Base Salary.

 

The satisfaction of the above conditions will be determined at the end of the 2026 fiscal year. For the avoidance of doubt, only one of the above bonus amounts, if at all, will be payable.

 

In addition, pursuant to the terms of the Lai Addendum, Mr. Lai is entitled to receive a guaranteed bonus of $100,000 on December 22, 2026.

 

Addendum No. 6 to Yu Employment Agreement

 

Also on February 24, 2026, the Company entered into Addendum No. 6 (the “Yu Addendum”) to Executive Employment Agreement, as amended, with Sau Kuen (Maggie) Yu (the “Yu Agreement”), the Company’s Senior Vice President, Director and majority stockholder. Pursuant to the terms of the Yu Addendum, Ms. Yu’s bonus targets and payments were set as follows:

 

  If the Company acquires at least 100 new vendors during the 2026 fiscal year, Ms. Yu will receive a bonus equal to 50% of Base Salary.
  If the Company acquires at least 135 new vendors during the 2026 fiscal year, Ms. Yu will receive a bonus equal to 100% of her Base Salary.

 

The satisfaction of the above conditions will be determined at the end of the 2026 fiscal year. For the avoidance of doubt, only one of the above bonus amounts, if at all, will be payable.

 

In addition, pursuant to the terms of the Yu Addendum, Ms. Yu is entitled to receive a guaranteed bonus of $100,000 on December 22, 2026.

 

Mr. Lai and Ms. Yu are husband and wife, and together, they beneficially own 33,356,942 shares of the Company’s common stock, representing approximately 94.8% of the voting power of the Company’s outstanding common stock, with each of Mr. Lai and Ms. Yu beneficially holding 33,356,942 shares of the Company’s common stock, as each of them is deemed to indirectly beneficially own the other’s 16,678,471 shares.

 

The foregoing description of the Lai Addendum and the Yu Addendum is qualified in its entirety by reference to the complete terms and conditions of the Lai Addendum and the Yu Addendum, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, and is incorporated by reference into this Item 5.02.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Addendum No. 6 to Executive Employment Agreement, dated as of February 24, 2026, between the registrant and Sam Lai.
10.2   Addendum No. 6 to Executive Employment Agreement, dated as of February 24, 2026, between the registrant and Sau Kuen Yu.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  HOUR LOOP, INC.
     
Dated: February 25, 2026 By: /s/ Sam Lai
  Name:  Sam Lai
  Title: Chief Executive Officer and Interim Chief Financial Officer

 

 

 

FAQ

What executive bonuses did Hour Loop (HOUR) approve for Sam Lai for 2026?

Hour Loop set Sam Lai’s 2026 bonus at 50% of base salary if net profits reach $750,000 and 100% if they reach $1,500,000, excluding taxes and executive bonuses. Only one tier can be paid, plus a guaranteed $100,000 on December 22, 2026.

What performance targets must Maggie Yu meet for her 2026 Hour Loop (HOUR) bonus?

Maggie Yu can earn a 50% base-salary bonus if Hour Loop acquires 100 new vendors in 2026 and 100% if it acquires 135. Only one of these performance bonuses is payable, with measurement at the end of the 2026 fiscal year.

Are Sam Lai and Maggie Yu receiving any guaranteed cash bonuses from Hour Loop (HOUR)?

Yes. Both Sam Lai and Maggie Yu are entitled to guaranteed $100,000 cash bonuses on December 22, 2026. These guaranteed amounts are in addition to their performance-based bonuses tied to 2026 net profit and new vendor acquisition targets, respectively.

How much ownership and voting control do Sam Lai and Maggie Yu have in Hour Loop (HOUR)?

Sam Lai and Maggie Yu together beneficially own 33,356,942 shares of Hour Loop common stock, representing about 94.8% of the voting power. Each is deemed to beneficially own the other’s 16,678,471 shares, reflecting their shared control as a married couple.

What type of SEC filing did Hour Loop (HOUR) use to disclose these executive bonuses?

Hour Loop disclosed the new executive bonus arrangements for Sam Lai and Maggie Yu in a Form 8-K. The filing describes Addendum No. 6 to each executive’s employment agreement and lists these addenda as exhibits with the detailed contractual terms.

When will Hour Loop determine if the 2026 performance bonuses for HOUR executives are earned?

The company will assess whether the 2026 performance conditions are met at the end of the 2026 fiscal year. Only one performance bonus tier per executive, if any, will be payable based on reaching the specified profit or new vendor acquisition thresholds.

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67.19M
1.72M
Internet Retail
Retail-catalog & Mail-order Houses
Link
United States
REDMOND