Dr. Cheng Chen joins LightInTheBox (NYSE: LITB) board, key committees
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
LightInTheBox Holding Co., Ltd. appointed Dr. Cheng Chen as an independent director, effective June 22, 2026.
Dr. Chen will serve on the audit, compensation, and corporate governance and nominating committees. He has prior senior leadership experience at a leading AI foundation-model company in Silicon Valley and previously at Apple Inc.
The company states there is no family relationship or related-party transactions involving Dr. Chen that require disclosure, and his director agreement follows the standard terms for non-employee directors.
Positive
- None.
Negative
- None.
Key Figures
Appointment effective date: June 22, 2026
Director age: 46 years
Report signature date: June 24, 2026
+1 more
4 metrics
Appointment effective date
June 22, 2026
Effective date of Dr. Chen’s independent director role
Director age
46 years
Age of Dr. Cheng Chen
Report signature date
June 24, 2026
Date the report was signed by the CEO
Number of committees
3 committees
Audit, compensation, and corporate governance and nominating
Key Terms
independent director, audit committee, compensation committee, corporate governance and nominating committee, +2 more
6 terms
independent director financial
"approved the appointment of Dr. Cheng Chen to serve as an independent director of the Company"
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.
audit committee financial
"Dr. Chen will also serve as a member of each of the Company’s audit committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
compensation committee financial
"serve as a member of each of the Company’s audit committee, 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.
corporate governance and nominating committee financial
"and corporate governance and nominating committee"
A corporate governance and nominating committee is a group of independent board members who set rules for how a company is run and choose or vet candidates for the board and senior leadership. Think of them as the company’s rulebook authors and hiring panel for its top oversight team; their choices and policies influence management accountability, risk oversight and investor confidence, so investors watch them for signs of strong leadership and transparency.
Regulation S-K regulatory
"material interest that would be required to be reported under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
director agreement financial
"the Company entered into a director agreement with Dr. Chen"
FAQ
What change did LightInTheBox (LITB) report in its June 2026 Form 6-K?
LightInTheBox appointed Dr. Cheng Chen as an independent director effective June 22, 2026. He joins the audit, compensation, and corporate governance and nominating committees, strengthening the board with technology and AI-focused experience from Silicon Valley and prior senior roles at Apple.
Who is Dr. Cheng Chen, the new independent director at LightInTheBox (LITB)?
Dr. Cheng Chen is 46 and works at a leading AI foundation-model company in Silicon Valley. He previously held various roles at Apple Inc., most recently as Senior Director, and holds degrees from Peking University and a Ph.D. from Kent State University.
Which board committees will Dr. Cheng Chen serve on at LightInTheBox (LITB)?
Dr. Cheng Chen will serve on LightInTheBox’s audit committee, compensation committee, and corporate governance and nominating committee. These committees oversee financial reporting, executive pay, and board governance, giving him significant influence on key oversight and governance matters at the company.
Are there any family relationships between Dr. Cheng Chen and LightInTheBox (LITB) executives?
LightInTheBox reports no family relationship between Dr. Cheng Chen and any of its other directors or executive officers. This supports his status as an independent director under typical corporate governance standards and emphasizes board independence and objectivity.
What are the terms of Dr. Cheng Chen’s director agreement with LightInTheBox (LITB)?
On June 22, 2026, LightInTheBox entered into a director agreement with Dr. Cheng Chen. The company notes that the agreement’s terms are consistent with its standard arrangements for non-employee directors, indicating no special or unusual contractual provisions.